The Mahila Samman Saving Scheme is quite beneficial for all female investors. It shows the positive results on the investments of the ladies who invested after the scheme’s announcement in the 2023 budget. We will share details about The Mahila Samman Savings Scheme below. Those new to this scheme are eager to know more about the scheme. The females using these schemes earn Rs. 3,750 per quarter interest with a yearly interest of Rs. 15,000 on the deposit of Rs. 2,00,000. Let us explore more about this Mahila Samman Savings Scheme below.
The Mahila Samman Saving Scheme is best for the utilization of females. It provides different benefits to females depositing their money under the scheme. The deposits are made through the post offices having an interest rate of 7.5%, which you receive upon the closure. The government launched the scheme for the welfare of all the women in India who want to support them financially. Thus, it will help them add Rs. 30,000 of interest on the deposit of Rs. 2 Lakhs for 2 years. Its tenure is for two years. However, one can withdraw up to 40% of the amount after one year of deposit.
It started in April 2023 and is valid up to March 2025. Given the interest up to 7.5%, it’s a huge scope for lower-middle and middle-class families. Doing savings is in the blood of every Indian. Our oldest generations worked on this philosophy. The best thing is that this awareness is being spread around the county. More and more people are coming to know about it. Let us calculate some common amounts of deposits one can make and the interest earned upon them.
Let us say that one deposits around Rs. 10,000 under the scheme, the quarterly interest will be Rs. 187, and the yearly interest will be Rs. 750. However, if you increase your deposit amount and deposit Rs. 1,00,000, you will get a quarterly interest of Rs. 1,875 and a yearly interest of Rs, 7,500. For the investment of Rs, 2,00,000, we already mentioned that you will get Rs. 3,750 quarterly interest and Rs. 15,000 Yearly. To get these benefits, you need to open an account under the Mahila Samman Savings Certificate, which will be available at Post Offices only. You must avail the benefits of the scheme as soon as possible. We hope you get enough details about The Mahila Samman Scheme above. Stay tuned for more information on our website.