There are many schemes in the Post Office where you can save money and secure your future. The Post Office offers plans for people of all ages. Especially for women, there are some schemes that let you invest safely and earn good returns.
One such scheme is the Mahila Samman Saving Certificate. The Central Government started this scheme in 2023 to support women’s financial security and future. This scheme offers good returns in a short period of time.
Interest Rate
Right now, the interest rate for this Post Office scheme is 7.5%.
Investment Period
This is a small savings scheme where women need to invest for only two years. A woman can invest up to ₹2 lakh in this scheme.
Scheme Benefits
By investing in the Mahila Samman Saving Certificate, women can earn a good amount of money and also get tax benefits under Section 80C of the Income Tax Act. Another advantage is that girls aged 10 years or above can also invest in this scheme.
Investment Calculation
If you invest ₹2 lakh in this scheme, you will earn ₹15,000 as interest in the first year at a rate of 7.5%. In the second year, this will increase to ₹16,125. After two years, you will receive a total of ₹2,31,125, including the interest and principal. This means you will earn ₹31,125 as interest in just two years.
Withdrawal Option
If you need money urgently, you can withdraw it after six months of investment. However, in that case, the interest rate will be slightly lower than usual.