The government offers several savings schemes through the post office , benefiting individuals of all ages—children, youth, and the elderly alike. Among these, there are special schemes designed specifically for women. One of the most popular options is the Mahila Samman Savings Certificate , a short-term investment plan that offers high returns. Let’s explore how to invest in this scheme and the impressive benefits it provides.
Earn 7.5% Interest with the Mahila Samman Savings Certificate
The Mahila Samman Savings Certificate is a government-backed scheme run by the post office, designed exclusively for women. It offers a competitive interest rate of 7.5%, making it an attractive option for women looking to grow their savings quickly over a short period of time.
Investment Period and Limits
This scheme is a Small Savings Scheme that requires a minimum investment period of just two years. The maximum investment limit is Rs 2 lakh. Launched by the Narendra Modi government in 2023, it has quickly become one of the most popular post office schemes due to its high returns and short-term nature.
Benefits for Women and Girls
This scheme plays a crucial role in empowering women by offering attractive interest rates and additional tax benefits under Section 80C of the Income Tax Act. Another unique aspect is that it allows accounts to be opened for girls under 10 years of age, further encouraging financial security for the next generation.
How to Earn Rs 31,125 on a Rs 2 Lakh Investment
Now, let’s break down the returns you can expect. Under the Mahila Samman Savings Certificate Scheme, a 7.5% interest is applied over two years. If a woman invests Rs 2 lakh, she will receive Rs 15,000 in interest during the first year. In the second year, with the interest compounded, she will earn Rs 16,125. This means the total return on an investment of Rs 2 lakh over two years amounts to Rs 31,125.
This post office scheme provides women with an excellent opportunity to save and grow their wealth quickly, with added benefits like tax exemptions and a high-interest rate.
Earn 7.5% Interest with the Mahila Samman Savings Certificate
The Mahila Samman Savings Certificate is a government-backed scheme run by the post office, designed exclusively for women. It offers a competitive interest rate of 7.5%, making it an attractive option for women looking to grow their savings quickly over a short period of time.
Investment Period and Limits
This scheme is a Small Savings Scheme that requires a minimum investment period of just two years. The maximum investment limit is Rs 2 lakh. Launched by the Narendra Modi government in 2023, it has quickly become one of the most popular post office schemes due to its high returns and short-term nature.
Benefits for Women and Girls
This scheme plays a crucial role in empowering women by offering attractive interest rates and additional tax benefits under Section 80C of the Income Tax Act. Another unique aspect is that it allows accounts to be opened for girls under 10 years of age, further encouraging financial security for the next generation.
How to Earn Rs 31,125 on a Rs 2 Lakh Investment
Now, let’s break down the returns you can expect. Under the Mahila Samman Savings Certificate Scheme, a 7.5% interest is applied over two years. If a woman invests Rs 2 lakh, she will receive Rs 15,000 in interest during the first year. In the second year, with the interest compounded, she will earn Rs 16,125. This means the total return on an investment of Rs 2 lakh over two years amounts to Rs 31,125.
This post office scheme provides women with an excellent opportunity to save and grow their wealth quickly, with added benefits like tax exemptions and a high-interest rate.
