Post Office Update: This scheme Post Office is very special for women, you will get this much money by investing 2 lakhs..
Whenever it comes to investment options, women are considered to be at the forefront. There are many such films and true incidents in which women have pulled out of their families from financial crises by withdrawing their savings. The government also keeps issuing many schemes from time to time for women's investment-related facilities.
This includes a scheme of 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? (Post Office Scheme For Women)
This scheme is mainly a small savings scheme. Women and young girls get the benefit of this. 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 account-opening facilities under this scheme. Under this scheme, only up to Rs 2 lakh can be invested in a year.
These are the features of this scheme.
Under this scheme, any woman can open this account in any post office in her or her daughter's name.
The duration of this scheme is 2 years, that is, after 2 years the account will mature and the total invested amount will be returned along with interest.
A minimum of Rs 1000 and a maximum of Rs 2 lakh can be invested in it for the entire 2 years.
After one year of opening the account, up to 40 percent of the total deposited amount can be withdrawn in case of an emergency.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, 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, then you will get an interest of Rs 32,044 and the total amount invested will be Rs 2,32,044.
TDS is not 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 income tax section 80C.
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