Finance Minister Nirmala Sitharaman had announced Mahila Samman Saving Certificate in her budget speech this time. A guaranteed return of 7.5 percent will be available in this new government scheme.
Finance Minister Nirmala Sitharaman had announced Mahila Samman Saving Certificate in her budget speech this time. A guaranteed return of 7.5 percent will be available in this new government scheme. Which is more than many small savings schemes and fixed deposits. You will also have many questions regarding this new government scheme Mahila Samman Bachat Patra. Let’s know about them one by one –
1- What is the limit of Mahila Samman Savings Letter?
Any person can buy this scheme in the name of his daughter or wife. Under this scheme, the government will give 7.5 percent interest to the investors. Please tell, the maximum investment limit is Rs 2 lakh.
2- How long will it be open?
According to the announcement made in the budget, this one time scheme can be purchased till March 2025.
3- Is Mahila Samman Savings Certificate better than other small savings schemes?
Mahila Samman Savings Certificate interest rate is higher than most small savings schemes. Investors are getting 6.8 percent interest on the 2-year term scheme. Let me tell you, in Sukanya and Senior Citizen Saving Scheme only, more interest is being received in Mahila Samman Savink Certificate at this time.
4- Even better than FD –
7 percent interest is being received on 2-year FDs of HDFC, ICICI and Kotak Mahindra Bank. At the same time, only 6.75 percent interest is being given to the investors of the government bank State Bank of India. According to this, Mahila Kisan Samman Vikas Patra looks more beneficial.
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