Post Office Scheme: This Post Office Scheme is great for women, not only will you get tax exemption, but you will also get interest up to ₹ 32 thousand
Mahila Samman Savings Certificate: A scheme aimed at encouraging women to save and invest, the 'Mahila Samman Savings Certificate' (MSSC) is invested for two years and you can deposit a maximum amount of up to Rs 2 lakh.
Mahila Samman Savings Certificate: In India, many women-centric savings schemes are run by the government. One such scheme is the 'Mahila Samman Savings Certificate' (MSSC). This scheme has been brought especially for women. You can invest in this scheme till March 2025. Investment is made in it for two years and you can deposit a maximum amount of up to Rs 2 lakh.
This scheme has been introduced with the aim of encouraging women to save and invest. Any woman can invest in the Mahila Samman Savings Certificate Scheme.
Fully secured scheme
Under this scheme, the minor account is opened by the guardians. MSSC is a government-backed scheme and it is 100 percent safe. At present, the interest rate on this scheme of the Government of India is 7.5 percent.
Interest will be available up to Rs 32,044
Under the scheme, compound interest on the deposited amount is added on a quarterly basis. If a woman invests a maximum of Rs 2 lakh in MSSC, she will get a total interest of Rs 32,044 during the investment period. The maturity amount after 2 years will be Rs 2,32,044. The amount deposited in the scheme can also be withdrawn prematurely. Only 40 percent of the amount can be withdrawn within one year of investing.
How much can you invest
More than one account can be opened under this scheme, but the second account can be opened only after three months of opening the first account. The total deposit in all accounts under MSSC cannot exceed Rs 2 lakh. A minimum of Rs 1,000 can be deposited in one account. Apart from this, the amount can be deposited in multiples of 100.
You also get tax-saving
In this scheme of the Government of India, the investor also gets the benefit of tax exemption under Section 80C of Income Tax. If the account holder dies before maturity after the scheme is started, the nominee can claim the deposited capital. If the account is closed prematurely for any reason, interest will be given on the basis of 5.5 percent. Tax has to be paid on the interest earned in this scheme. TDS is deducted on interest.
How can you open an account?
To avail of the benefits of the Mahila Samman Savings Certificate Scheme, you can go to the nearest post office or bank. You can start your investment by filling out the form for this scheme. After the scheme starts, you will be given a certificate, which will have to be kept for 2 years.
PC:Zeenews