- Advertisement -
Home Personal Finance Post Office Best Scheme: Get interest of Rs 32,000 on investment of...

Post Office Best Scheme: Get interest of Rs 32,000 on investment of Rs 2 lakh in 2 years; Know calculation

0
Post office RD Scheme: If you open RD of ₹2000, ₹3000 and ₹5000 in Post Office, how much money will you get on maturity?

Post Office Mahila Samman Savings Scheme (Mahila Samman Bachat Yojana): The latest among government-guaranteed small savings schemes, the Mahila Samman Savings Certificate, available at post offices, is a limited-period investment plan that delivers an annual return of 7.5 per cent, compounded quarterly, in a fixed term of two years. For instance, a one-time investment of Rs 10,000 in the Mahila Samman Bachat Patra (Savings Certificate) grows into Rs 11,602 upon maturity.

Post Office Mahila Samman Savings Certificate: A government-backed small savings scheme, the Mahila Samman Savings Certificate is a limited-period scheme for women depositors that matures in two years. The Mahila Samman Savings scheme, which permits a one-time deposit in the range of Rs 1,000-2,00,000, is available at post offices and select commercial banks.

A deposit of Rs 10,000 in the women-focused investment scheme grows into Rs 11,602 in the two-year period, and the total sum is credited into the account of the depositor at the time of closure, according to the India Post website, indiapost.gov.in.

For the quarter ending March 31, 2024, the scheme delivers a return of 7.5 per cent, compounded annually. At this rate, a sum of Rs 2 lakh in the account grows into Rs 2,32,044, including interest of Rs 32,044. Learn more about the Post Office Mahila Samman account here

A Mahila Samman Savings Certificate account can be set up by women for themselves or in favour of a minor girl child, according to the India Post website.

Here’s a chart illustrating how money grows into this government-guaranteed investment plan for women:

Investment Amount at maturity
Rs 10,000 Rs 11,602
Rs 15,000 Rs 17,403
Rs 20,000 Rs 23,204
Rs 25,000 Rs 29,006
Rs 30,000 Rs 34,807
Rs 35,000 Rs 40,608
Rs 40,000 Rs 46,409
Rs 45,000 Rs 52,210
Rs 50,000 Rs 58,011
Rs 55,000 Rs 63,812
Rs 60,000 Rs 69,613
Rs 65,000 Rs 75,414
Rs 70,000 Rs 81,216
Rs 75,000 Rs 87,017
Rs 80,000 Rs 92,818
Rs 85,000 Rs 98,619
Rs 90,000 Rs 1,04,420
Rs 95,000 Rs 1,10,221
Rs 1,00,000 Rs 1,16,022
Rs 1,05,000 Rs 1,21,823
Rs 1,10,000 Rs 1,27,624
Rs 1,15,000 Rs 1,33,425
Rs 1,20,000 Rs 1,39,227
Rs 125,000 Rs 1,45,028
Rs 1,30,000 Rs 1,50,829
Rs 1,35,000 Rs 1,56,630
Rs 1,40,000 Rs 1,62,431
Rs 1,45,000 Rs 1,68,232
Rs 1,50,000 Rs 1,74,033
Rs 1,55,000 Rs 1,79,834
Rs 1,60,000 Rs 1,85,635
Rs 1,65,000 Rs 1,91,437
Rs 1,70,000 Rs 1,97,238
Rs 1,75,000 Rs 2,03,039
Rs 1,80,000 Rs 2,08,840
Rs 1,85,000 Rs 2,14,641
Rs 1,90,000 Rs 2,20,442
Rs 1,95,000 Rs 2,26,243
Rs 2,00,000 Rs 2,32,044
- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com

Exit mobile version