Post Office – Today in this news we are going to tell you about such a scheme of the post office. In which an interest of Rs 32,044 is being received on an investment of two lakhs. Let us tell you that 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.
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 women’s investment related facilities.
This includes a scheme of the post office. The name of this scheme is 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 its benefit. In this scheme, the government is currently giving interest at the rate of 7.50 percent per annum. 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.
- 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- After one year of opening the account, up to 40% of the total deposited amount can be withdrawn in case of an emergency.
- A fixed interest of 7.50% is being given on investing money in it. In such a situation, there is no risk like in the share market on investing in it.
You will get this much money for 2 lakhs-
This scheme is giving interest at the rate of 7.50 percent per annum. This is more than the FD of many banks. In this, the interest is calculated on a quarterly basis. This gives a little more money than annually. If you invest 2 lakh rupees 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, under Section 80C of Income Tax, one does not get the benefit of investing in it.
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