Empowering Women: The Mahila Samman Saving Certificate Scheme
Mahila Samman Saving Certificate Scheme is a financial initiative by the Indian government to empower women financially. It offers a safe investment avenue with attractive returns, promoting financial inclusion and independence for women. This scheme aims to enhance women’s economic status and encourage their participation in the formal financial sector.
Modi government had started a scheme named ‘Mahila Samman Saving Certificate’ in the budget of 2023, in which women will get bumper returns by investing their savings.
Mahila Samman Saving Certificate: If you are a woman and are thinking of earning better profits by investing your savings, then this news is of great use to you. In fact, the Modi government had started a scheme named ‘Mahila Samman Saving Certificate’ in the budget of 2023, in which women will get better returns by investing their savings. Let us tell you that the maturity period of this scheme is 2 years and compound interest of 7.50 percent is available on the deposited capital. This scheme has been specially designed according to the needs of women. Apart from this, under this scheme you also get the facility of premature withdrawal. Let us know about this scheme in detail.
How to open an account
Under Mahila Samman Saving Certificate Scheme, women of any age can open this account. The government has not set any age limit for this scheme. Let us tell you that a minor girl can also open an account under this scheme under the supervision of her parents. However, as soon as the girl turns 18 years of age, the account will automatically be shifted to her name. While opening an account, you will have to complete the KYC process by submitting a form. After this you can deposit up to Rs 2 lakh in your account.
This much interest will be given on premature withdrawal
Under Mahila Samman Saving Certificate Scheme, customers get the option to withdraw up to 40% of their deposited capital after 1 year. Apart from this, if under any circumstances the account holder dies then the nominee can withdraw the deposited capital by claiming this page. At the same time, if the account holder is suffering from any major illness, then in that case also the facility of premature withdrawal is available in this scheme. If the account holder closes the account prematurely for any reason, then instead of 7.50%, he will get 5.50% interest.
Benefits
- The scheme provides attractive and secure investment options to all girls and women.
- The scheme offers an attractive and fixed interest of 7.5% interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of ₹2,00,000/-.
- The tenure of the scheme is two years.
- Interest shall be compounded on a quarterly basis and credited to the account.
Documents Required
- Passport size photograph
- Proof of age, i.e. Birth Certificate
- Aadhaar Card
- PAN Card
- Pay-in-Slip along with deposit amount or cheque
The following documents are accepted as valid documents for the purpose of identification and address proof:
- Passport
- Driving license
- Voter’s ID card
- Job card issued by NREGA signed by the State Government officer
- Letter issued by the National Population Register containing details of name and address
Application process:
- The applicant can visit the nearest Post Office Branch or a designated bank.
- Collect the applicant form or download it from the official website.
- Fill out the application form and attach all the required documents.
- Fill out the declaration and nomination details.
- Submit the application form with the initial amount of investment/deposit.
- Receive the certificate that serves as proof of investment in the ‘Mahila Samman Savings Certificate’ scheme.
Source: https://dea.gov.in/
नोट :- हमारे वेबसाइट www.indiangovtscheme.com पर ऐसी जानकारी रोजाना आती रहती है, तो आप ऐसी ही सरकारी योजनाओं की जानकारी पाने के लिए हमारे वेबसाइट www.indiangovtscheme.com से जुड़े रहे।