Mahila Samman Saving Scheme: To provide women with a great return in a short period, the Government of India has started the Mahila Samman Savings Scheme. Mahila Samman Savings Certificate Scheme is a scheme run by the post office.
This scheme was started by the Government of India through the Department of Posts on 1 April 2023. The central government announced to start of this scheme in the financial year 2023-24 to provide financial security to the women and daughters of the country. Mahila Samman Bachat Yojana is a small savings scheme. However, the age of the woman has not been fixed to avail of the benefits of this scheme.
But if the child is a minor, a guardian will be required to open the account. Under this scheme, women are provided with excellent returns in 2 years. Under this scheme, women are provided the facility to deposit a lump sum amount ranging from Rs 1000 to Rs 2 lakh.
On depositing a lump sum amount in the Mahila Samman Savings Scheme, women get interest rates based on 7.5 percent per annum. So, let us provide you with complete information related to the Mahila Samman Savings Certificate Scheme through this article.
You will get excellent returns on maturity
Mahila Samman Bachat Yojana is a scheme designed to provide financial security to women. Under this scheme, after the woman opens the account, a lump sum amount ranging from Rs 1000 to Rs 2 lakh is deposited for a limited period.
Which provides an excellent return on maturity after 2 years. For example, if you deposit an amount of Rs 10,000, you will get Rs 11,602 on maturity. On the other hand, if you deposit Rs 2,00,000, you will get Rs 2,32,044 after 2 years. Which is an excellent return of Rs 32,044.
Can the money be withdrawn midway if required?
- After 1 year from the date of account opening, you can withdraw a maximum of 40% of your initial deposit amount.
- In some unavoidable circumstances, closing the account midway is allowed, even in such a situation, interest will be given at the rate of 7.5% only.
- The account can be closed even after 6 months of opening it. But if this is done without any reason, the interest will be only 5.5% instead of 7.5%.
Women will get these facilities on opening an account
- If you deposit the amount within a limited period, you will get an excellent interest rate of 7.5 percent.
- On its maturity, the increased amount will be available at 7.5% interest rate.
- Women can also open an account by depositing a minimum of Rs 1000.
- Women of any age or caste group can avail the benefit of this financial security scheme.
Eligibility for Mahila Samman Savings Scheme
- All the women or girls of India can apply for this scheme.
- The applicant must be an Indian.
- The minimum income of the woman’s family should be Rs 7 lakh.
- However, there is no age limit for women to avail the benefits of this scheme. But if the woman is a minor, a guardian will be required to open the account.
- Women of any religion, caste, and class can apply for the Mahila Samman Savings Certificate Scheme.
Accounts-related to this scheme can be opened in these banks
To join the Mahila Samman Savings Scheme, initially, the account was opened in the post office. But the same government has now allowed opening accounts under the Mahila Samman Scheme in the Bank of Baroda, Bank of India, Canara Bank, and Punjab National Bank. Interested women can go to these banks and open an account related to this scheme. This is an important scheme among the schemes being run in the interest of women. Its benefits can be availed by applying for this scheme. Hope you liked our article very much.
