Post Office Scheme: There is almost no risk in all the schemes run under the post office. Apart from this, you get the benefit of tax benefits, monthly income and guaranteed returns. Let us know the complete details about one such scheme.
Post Office Scheme: The central government is running many types of schemes to provide financial assistance to the country. There are schemes for women to 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 Saving Scheme.
There is almost no risk in all the schemes run under the post office. Also, you get the benefit of tax benefits, monthly income and guaranteed returns. Some schemes are for retirement, which guarantee financial help when you retire. Today we are going to tell you about the Mahila Samman Saving Certificate Scheme of the Post Office. Let us know the complete details about it.
What is Mahila Samman Saving Certificate Scheme?
Mahila Samman Saving Certificate Scheme was started by the government to provide financial assistance to women. Under this scheme, you can deposit from Rs 1000 to Rs 2 lakh. The amount deposited should be in multiples of 100 only. Many 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?
In this scheme, the interest rate is given at the rate of 7.5% per annum. However, the interest is credited on a three-month basis. The maturity period of this scheme is only 2 years. However, a maximum of 40% of the remaining amount can be withdrawn after one year from the date of deposit. The facility of partial withdrawal is available only once before maturity.
You will get Rs 2.32 lakh on maturity
If you invest a maximum of Rs 2 lakh in this scheme, then at the rate of 7.50 percent interest, you will get an interest of Rs 32044. In this way, a total of Rs 2,32044 will be given on maturity in two years.
Terms and conditions of the scheme
If the account holder dies, the nominee or family members can withdraw this deposit amount. In case of life-threatening diseases, the amount can be withdrawn for medical assistance.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.
