Post Office Scheme: Post Office keeps bringing schemes for every section of the country according to their needs. The Post Office runs many schemes to make half the country’s population self-reliant.
In Budget 2023, Finance Minister Nirmala Sitharaman had launched Mahila Samman Savings Certificate Scheme according to the needs of women. As its name suggests, this scheme is specially designed as per the needs of women. By investing in this scheme you can get good returns in two years. Apart from this, you can get strong returns by investing in Sukanya Samriddhi Yojana for your daughter up to 10 years of age. Both the schemes have been designed according to the needs of women and by investing in them you can get strong returns. Let us know about both the schemes in detail-
Women’s Savings Certificate Scheme
Women of any age group can invest in this scheme and the maximum investment amount is Rs 2 lakh. You can avail the benefit of 7.50 percent fixed interest rate by investing money in this scheme for 2 years. A rebate of Rs 1.50 lakh is available under Section 80C of Income Tax on the amount deposited under this scheme. If you invest Rs 2 lakh under this scheme in December 2023, you will get Rs 2,32,044 lakh on maturity.
Sukanya Samriddhi Yojana
The Central Modi government had started Sukanya Samriddhi Yojana in the year 2014. This scheme was especially made keeping in mind the needs of women. Under this scheme, you can open Sukanya Samriddhi account for a girl up to 10 years of age and get huge returns by investing Rs 250 to Rs 1.50 lakh per year. Under this scheme, which is run in the name of the daughter, the daughter can withdraw up to 50 percent of the deposited amount after crossing the age of 18 years. The entire amount can be withdrawn at the age of 21 years. By investing in this scheme, you will be free from the tension of your daughter’s education and marriage expenses. Under this scheme, the government is currently giving the benefit of 8 percent interest rate on the deposited amount.
Both Mahila Samman Bachat Patra and Sukanya Samriddhi Yojana schemes have been launched keeping in mind the needs of women, but the thing to note is that MSSC is a short-term savings scheme. Whereas SSY is a long term savings scheme. By investing in Sukanya account, you will be free from the tension of your daughter’s education and marriage expenses. You can invest in MSSC account to get higher returns in short period.
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