This scheme operated through post office is for women, which provides a maturity period of two years. That is, you can invest in this scheme only for two years.
Government schemes are considered better for investment, because it provides profit without risk. Government schemes are often offered for middle class and poor families. Some such schemes have been offered under the Post Office, which come under small savings schemes. Today we are going to tell about one such scheme. This scheme will help in depositing lakhs of rupees in just 2 years.
This scheme operated through post office is for women, which provides a maturity period of two years. That is, you can invest in this scheme only for two years. The name of this scheme is Mahila Samman Saving Certificate. Its special feature is that a woman can open multiple accounts in it.
This much interest is available
The central government started the Mahila Samman Saving Certificate Scheme in the year 2023. Due to strong profits, this scheme made its place in the famous schemes of the post office in a short time and it has become a favorite scheme for many women. The government offers 7.5 percent interest under this scheme. You can invest in this small savings scheme for only two years. Also, the maximum investment amount under this scheme is Rs 2 lakh.
Tax exemption also benefits
This scheme was started to make women self-reliant. It not only gives a strong interest of 7.5 percent on investment, but it is also exempted from TDS deduction. According to CBDT, in the case of senior citizens, TDS will be applicable on this scheme only when the interest income is 40 to 50 thousand rupees during a financial year.
Who can open an account?
Another special thing about this scheme is that accounts can also be opened for girls of 10 years or less. Apart from this, any Indian resident woman can invest in it.
How to get lakhs of rupees
To take advantage of this scheme, you have to invest in it through the post office. If you invest a maximum of 2 lakh rupees for 2 years in Mahila Samman Saving Certificate scheme, then the interest income in two years will be ₹ 32044. At the same time, the total amount will be ₹ 232044, which you can withdraw by closing the account. To open an account, you will have to provide Aadhaar card, PAN card, KYC and a cheque.
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