Investment Tips: Invest money here in your wife's name before April 1, you will earn huge profits..

If you are one of those investors who prefer to invest their money mostly in places where guaranteed returns are available and money is also safe, then FD will be included in your portfolio. FD is of different tenures. In such a situation, if you are looking for an FD where your money is not locked for a long time and you also get good profits, then the MSSC scheme of the post office can make you a huge profit. Just invest in this scheme in the name of your wife, sister, mother, or daughter.

The government is running the Mahila Samman Savings Certificate scheme for women. This is a deposit scheme, on which the government is giving an interest of 7.5% so that they can be encouraged to save as much as possible. You will not get this much interest easily on any other FD of two years duration. If you want, you can earn a good profit in 2 years by investing in this scheme in the name of your wife, sister, mother, or daughter. But you have to make this investment before 1st April because 31st March is the last date to invest in it.

Know how much profit you will get.

A maximum of 2 lakh rupees can be invested in this scheme. According to the MSSC Calculator, if you deposit ₹ 2,00,000 in this scheme in the name of a woman of the house, then at the rate of 7.5%, you will get 32,044 rupees as interest. In such a situation, the maturity amount after two years will be 2,32,044 rupees. On the other hand, if you invest 1,50,000 rupees, you will get 1,74,033 rupees after two years. In such a situation, you will get 24,033 rupees only as interest. If you invest Rs 1,00,000, then at the rate of 7.5 percent interest, you will get Rs 1,16,022 at the time of maturity, and on investing Rs 50,000, you will get Rs 8011 as interest in two years and thus you will get a total of Rs 58,011 on maturity.

How to open an account

If you also want to invest in this scheme in the name of any woman in your house, then for this, their account will have to be opened in the post office. While opening the account, you will need KYC documents like an Aadhar card, PAN card, and colorful photo, etc. There is no age restriction in this, investment can be made in this scheme in the name of a girl or woman of any age. You can open a guardian account in the name of a minor girl.

Partial withdrawal facility after one year

As per the rules, the Mahila Samman Savings Certificate Scheme matures in 2 years, but you get the facility of partial withdrawal after completion of 1 year. If needed, you can withdraw up to 40 percent of the amount after 1 year. Suppose you have deposited Rs 2 lakh in this scheme, then after one year you can withdraw Rs 80 thousand.

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