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The central government is running many schemes to provide financial assistance to the country. There are schemes for women as well as senior citizens. Most of the government schemes are run by the post office. One such scheme is being run through the post office, which will give Rs 2.32 lakh in just 2 years. This scheme comes under the Small Savings Scheme.
There is almost no risk in all the schemes operated under the post office. Apart from this, you also get the benefit of tax benefits, monthly income and guaranteed returns. Some schemes are for retirement, which guarantee financial help on retirement. Today we are going to tell you about the Mahila Samman Savings Certificate Scheme of the post office. Let us know complete information about it.
What is Mahila Samman Savings Certificate Scheme?
Mahila Samman Savings Certificate Scheme was launched by the government to provide financial assistance to women. Under this scheme, you can deposit from Rs 1000 to Rs 2 lakh. The amount to be deposited should be in multiples of 100 only. Multiple accounts can be opened under this scheme, but the maximum deposit amount should not exceed Rs 2 lakh. There should be a gap of 3 months between the date of opening the second account under this scheme.
How much interest will you get?
This scheme pays interest at the rate of 7.5% per annum. However, interest is credited on a three-monthly basis. The maturity period of this scheme is only 2 years. However, a maximum of 40% of the balance can be withdrawn after one year from the date of deposit. The facility of partial withdrawal before maturity is available only once.
You will get Rs 2.32 lakh on maturity
If you invest a maximum of Rs 2 lakh in this scheme, you will get an interest of Rs 32044 at the rate of 7.50 percent. In this way, you will get a total of Rs 2,32044 on maturity in two years.
Terms and Conditions of the Scheme
In case of death of the account holder, the nominee or family members can withdraw these deposits. In case of life-threatening diseases, the amount can be withdrawn for medical assistance. After withdrawing the money, you can also close the account. Closing the account is allowed after 6 months of opening the account. In such a case, you will be given the amount at 2 percent less interest.