If you are a woman and want to get better returns by investing your deposited capital in the near future, then this news is for you. Actually, the central government launched a special investment scheme for women in the year 2023, which is known as Mahila Samman Savings Certificate. This is a short term savings scheme under which any woman can invest. Let us tell you that under this scheme, customers get an annual interest of 7.50 percent. Let us know about this scheme in detail.
How much can you invest under the scheme
The maturity period of Mahila Samman Saving Certificate Scheme is 2 years. Under this scheme, any woman can invest a minimum amount of Rs 1,000 to a maximum of Rs 2 lakh. Let us tell you that women of any age can open an account under this scheme. However, girls below 18 years of age can open an account under this scheme under the supervision of their parents.
SpiceJet airline in trouble, now the company will arrange for ₹3200 crores, shares crash
How to open an account in this scheme
Under the Mahila Samman Saving Certificate Scheme, you can open an account in post offices or authorized banks. Please note that 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.
Facility to withdraw money even before maturity
Let us tell you that under this scheme, the government has also provided the facility of premature withdrawal to the investors. Under this scheme, the account holder can withdraw up to 40 percent of his 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.
