Post Office: The central government is implementing various initiatives aimed at empowering women, one of which is the Mahila Samman Savings Certificate Scheme. Time is running short for investments in this scheme, as the government has not yet extended the investment period.
Mahila Samman Savings Certificate Scheme
The deadline for investing in this post office-operated scheme is 31 March 2025. Consequently, women who have not yet made an investment have limited time remaining. Launched on 1 April 2023, the Mahila Samman Savings Certificate Scheme is designed to last for two years, with the goal of providing financial empowerment and independence to women and girls.
Criteria, duration, interest rate
All women in the country are eligible to participate in this scheme, which allows for investments over a two-year period and offers competitive interest rates. The scheme provides an annual interest rate of up to 7.5 percent, surpassing the rates offered by most bank fixed deposits. Additionally, it is a secure option, as it is managed by the Central Government. Women can easily open an account through either a post office or a bank. The minimum investment required for the Mahila Samman Savings Certificate Scheme is Rs 1,000, while the maximum investment is capped at Rs 2 lakh.
Any woman residing in India can take advantage of this opportunity. Upon completion of the two-year term, both the principal and interest will be returned. Another notable feature of this scheme is that after one year, investors can withdraw up to 40 percent of their investment. This scheme represents an excellent investment opportunity for women’s development, offering a high interest rate.