Post office FD gives very good interest to the customers, but if women want to invest in post office, then a special scheme is also available for them. The interest rate which is available on 5 year FD, they will get the same interest rate in this two year deposit scheme. Know the benefits.
Post Office FD Vs MSSC: Like banks, many types of schemes are run in post office too and good interest is available on these schemes. Also, there is no risk on your invested amount. If you want to include any fixed deposit scheme in your portfolio, then you will get many such schemes in the post office. Post Office FD is one of them. Here you get the option of FD of 1,2,3 and 5 years. The interest rate is highest on 5 year FD. Interest is available on this at the rate of 7.5 percent.
But if women want to invest in post office, then a special scheme is also available for them. We are talking about Mahila Samman Saving Certificate (MSSC). In this scheme, women have to invest only for 2 years and they are given interest at the rate of 7.5 percent only. That means, women will get the same interest rate on this scheme of only two years as they are getting on FD of 5 years. In such a situation, they will not have to deposit money for a long time. Know the benefits of MSSC.
Women of which age can invest?
Any woman can open her account under Mahila Samman Savings Scheme. For girls below 18 years of age, their parents can open this account. That means women of every age can take advantage of this scheme. This scheme is meant to motivate women to save. In this scheme, women get the benefit of compounding interest at the rate of 7.5 percent and the interest is calculated on quarterly basis. In such a situation, through this scheme, women get good profit on the deposited amount.
How much benefit will you get on how much deposit?
According to the Mahila Samman Saving Certificate Scheme calculator, if women invest Rs 50,000 in this scheme, then they will get Rs 8011 as interest in two years and thus a total of Rs 58,011 will be received on maturity. . If you invest Rs 1,00,000, you will get Rs 1,16,022 at the time of maturity at 7.5 percent interest rate.
If you deposit Rs 1,50,000 then you will get Rs 1,74,033 after two years i.e. Rs 24,033 you will get only interest and if you invest Rs 2,00,000 in this scheme then you will get 7.5 percent interest on the invested amount after two years. Rs 32,044 will be received as interest. In this way, a total of Rs 2,32,044 will be received on maturity.
Partial withdrawal facility after one year
This scheme matures in two years. After two years you get your deposit back along with interest. But if you need money in between, then after completion of one year, you can withdraw up to 40 percent of the deposited money. That means, if you have deposited Rs 2 lakh, then after one year you can withdraw Rs 80 thousand.
How to open an account?
To open an MSSC account, you will have to go to the nearest post office branch. Here you will have to fill Account Opening Form-1. Also, copy of KYC documents like Aadhar Card and PAN Card and other important documents will have to be given.
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