Post Office Scheme: In this scheme of Post Office, you are getting interest of Rs 32,044 on investment of Rs 2 lakh..
Post Office Scheme For Women: Whenever it comes to investment, women are considered to be at the forefront. The government also keeps issuing many schemes from time to time for the facilities related to women's investment.
This includes a scheme of the post office. The name of this scheme is the Mahila Samman Saving Certificate. It was launched in the budget last year. Former Union Minister Smriti Irani also opened her account in this scheme.
What is this scheme?
This scheme is mainly a small savings scheme. Women and girls get their benefits. In this scheme, the government is currently giving interest at the rate of 7.50 percent annually. This is a post office scheme, that is, to take advantage of this scheme, an account is opened in the post office itself. However, some banks have also started providing the facility of opening an account under this scheme. Under this scheme, only up to Rs 2 lakh can be invested in a year.
These are the specialties of this scheme-
Under this scheme, any woman can open this account in her or her daughter's name in any post office.
The duration of this scheme is 2 years, i.e. after 2 years the account will mature and the total invested amount will be returned along with interest.
For the entire 2 years, a minimum of Rs. 1000 and a maximum of Rs. 2 lakh can be invested in it.
After one year of opening the account, up to 40 percent of the total deposited amount can be withdrawn in case of an emergency.
A fixed interest of 7.50 percent is being given on investing money in it. In such a situation, there is no risk like the stock market on investing in it.
You will get this much money for 2 lakhs-
In this scheme, interest is being given at the rate of 7.50 percent per annum. This is more than the FD of many banks. In this, the interest is calculated every quarter. This gives a little more money than annually. If you invest Rs 2 lakh in this scheme in a year, you will get an interest of Rs 32,044 and the total amount invested will become Rs 2,32,044.
No TDS is deducted -
Investing in this scheme also gives tax exemption. No TDS is deducted on the interest received on maturity. However, there is no benefit to investing in it under section 80C of Income Tax.
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