The maturity period of Mahila Samman Savings Certificate Scheme is 2 years. Under this scheme, any woman can invest a minimum deposit of Rs 1,000 to a maximum of Rs 2,00,000.
If you are a woman and want to get bumper returns by investing your deposits in the short term, then this news is of your use. Actually, the central government had launched a special investment scheme for women in the budget of the year 2023, which is known as Mahila Samman Savings Certificate. Under this scheme, any woman can avail the benefit of 7.50 percent interest annually by investing her deposits. Let us know about the entire scheme in detail.
How much can you invest
The maturity period of Mahila Samman Savings Certificate Scheme is 2 years. Under this scheme, any woman can invest a minimum deposit 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
Under the Mahila Samman Savings Certificate Scheme, you can open an account in the 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, you will need Aadhaar card, PAN card and passport size photo as your documents. Let us tell you that under this scheme, account holders can open their account till March 31, 2025.
You can withdraw money before maturity
Let us tell you that under this scheme, account holders can withdraw up to 40 percent of their deposited capital after 1 year. Apart from this, if the account holder dies in any situation, then the nominee can withdraw the deposited capital by claiming this page. However, if the account holder closes the account prematurely for any reason, then he will get interest of only 5.50 percent instead of 7.50 percent. Let us tell you that the last date to invest in this scheme is March 2025.
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