Modi government had started a scheme named ‘Mahila Samman Saving Certificate’ in the budget of 2023, in which women will get bumper returns by investing their savings.
Mahila Samman Saving Certificate: If you are a woman and are thinking of earning better profits by investing your savings, then this news is of great use to you. In fact, the Modi government had started a scheme named ‘Mahila Samman Saving Certificate’ in the budget of 2023, in which women will get better returns by investing their savings. Let us tell you that the maturity period of this scheme is 2 years and compound interest of 7.50 percent is available on the deposited capital. This scheme has been specially designed according to the needs of women. Apart from this, under this scheme you also get the facility of premature withdrawal. Let us know about this scheme in detail.
How to open an account
Under Mahila Samman Saving Certificate Scheme, women of any age can open this account. The government has not set any age limit for this scheme. Let us tell you that a minor girl can also open an account under this scheme under the supervision of her parents. However, as soon as the girl turns 18 years of age, the account will automatically be shifted to her name. While opening an account, you will have to complete the KYC process by submitting a form. After this you can deposit up to Rs 2 lakh in your account.
This much interest will be given on premature withdrawal
Under Mahila Samman Saving Certificate Scheme, customers get the option to withdraw up to 40% of their deposited capital after 1 year. Apart from this, if under any circumstances the account holder dies then the nominee can withdraw the deposited capital by claiming this page. At the same time, if the account holder is suffering from any major illness, then in that case also the facility of premature withdrawal is available in this scheme. If the account holder closes the account prematurely for any reason, then instead of 7.50%, he will get 5.50% interest.
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