Friends, the Indian government runs many types of schemes to enhance the empowerment of women in the country, which can enhance their present and future. One such scheme is Mahila Samman Savings Certificate Scheme (Mahila Samman Shatabdi Patra Yojana). Announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023-24, this scheme offers attractive returns and safe investment with no market-related risk, let's know the complete details about it-

Key features of Mahila Samman Savings Certificate Scheme:

Exclusively for women

Only women are eligible to invest in this scheme by opening an account in their name in any post office.

Guaranteed Returns

This scheme offers a fixed interest rate of 7.5% per annum, compounded on a quarterly basis - ensuring reliable growth on your savings.

Investment Limit

You can invest up to ₹ 2 lakh in this scheme. The amount should be in multiples of ₹100 or ₹1,000.

Maturity period

The maturity period of this scheme is 2 years. If you invest ₹2 lakh, you will get a total interest of ₹32,044, making your total maturity amount ₹2,32,044.

Partial withdrawal option

After completing 1 year, you are allowed to withdraw up to 40% of the deposited amount, providing cash in times of need

Tax benefits

Investing under this scheme also offers tax benefits, making it an even more attractive option for women looking to save smartly.

Easy account opening process

To open an account, simply visit your nearest post office. The process is simple and hassle-free.