look news india
Post Office FD Vs MSSC: Like banks, many types of schemes are run in post offices too and good interest is available on these schemes. Also, there is no risk on your invested amount. If you want to include a fixed deposit scheme in your portfolio, then you will find 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 on 5 year FD is the highest. 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 Savings Certificate (MSSC). In this scheme, women have to invest only for 2 years and they are given interest at the rate of only 7.5 percent. That is, women will get the same interest rate on this scheme only for a period of two years which they are getting on 5 year FD. 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 all ages can take advantage of this scheme. This scheme is to motivate women to save. In this scheme, women get the benefit of compound 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 profits on their deposits.
How much benefit will you get on how much deposit?
According to the Mahila Samman Savings Certificate Scheme calculator, if women invest Rs 50,000 in this scheme, they will get Rs 8011 as interest in two years and thus will get a total of Rs 58,011 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. you will get only interest on Rs 24,033 and if you invest Rs 2,00,000 in this scheme then you will get interest on the invested amount after two years. You will get 7.5 percent interest. Year. 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 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 have to visit the nearest post office branch. Here you will have to fill Account Opening Form-1. Along with this, copies of KYC documents like Aadhar Card and PAN Card and other important documents will also have to be given.
