If you are a woman and want to get bumper returns by investing your savings in a short time, then this news is useful for you. In fact, the Central Government had started a special investment scheme for women in the budget of 2023, which is known as Mahila Samman Savings Certificate. Let us tell you that any woman can invest under this scheme, who will get 7.50 percent annual interest on her deposited capital. Let us know about the complete scheme in detail.
You can invest up to Rs 2 lakh
The maturity period of Mahila Samman Savings Certificate Scheme is 2 years. Under this scheme, any woman can deposit a minimum of Rs 1,000 to a maximum of Rs 2,00,000. Women of any age can open an account under this scheme. However, a girl below 18 years of age is eligible to open an account under this scheme under the supervision of her parents.
How to open an account in this scheme
Let us tell you that under Mahila Samman Savings Certificate Scheme, you can open an account in post office or authorized government and private banks. While opening an account, you will have to complete the KYC process by submitting a form. For this, Aadhar Card, PAN Card and passport size photo will be required as your documents. Let us tell you that under this scheme, account holders can open their account till 31 March 2025.
You can withdraw money even before maturity
Under this scheme, the government has also provided premature withdrawal facility to the customers. Let us tell you that under this scheme, account holders can withdraw up to 40 percent of their deposited capital after one year. Apart from this, if in any case the account holder dies then the nominee can withdraw the deposited capital by making a claim on this page. However, if the account holder closes the account prematurely due to any reason, then he will get only 5.50 percent interest instead of 7.50 percent.
