Is Mahila Samman Savings Certificate tax free? How to open account - Newztezz Online

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Monday, April 24, 2023

Is Mahila Samman Savings Certificate tax free? How to open account


Mahila Samman saving Scheme: In Mahila Samman Saving Scheme, you have to invest your money for 2 years. The minimum limit of investment in this is Rs 1000 and maximum you can invest up to Rs 2 lakh in it.

If you are a woman and planning to invest, then this news can be useful for you. Today we are going to tell you about one such investment option. Mahila Samman Savings Scheme is a short term investment plan and in this you are fully guaranteed to get strong profits. In this you do not have to spend money for a long time. Also, this scheme is only for 2 years. Therefore, if you want to invest, then this scheme can be of great use to you. Let us know whether this scheme is tax free and how you can open an account in it…

In Mahila Samman Saving Scheme, you have to invest your money for 2 years. The minimum limit of investment in this is Rs 1000 and maximum you can invest up to Rs 2 lakh in it. You do not get tax exemption in this. Now know how you can open an account in it.

Get so much interest

In this you have to invest for 2 years. On which you get 7.5 percent interest every year. In this, you can invest up to a maximum of Rs 2 lakh. Means you will get 15% interest on your investment amount in 2 years. Means on maturity of investment you will get guaranteed Rs 2.32 lakh. In this, your money remains absolutely safe and risk free.

How to open account?

Only women or girls can open an account in Mahila Samman Savings Letter. If you want to open an account in it, then you can go to your nearest post office and open an account in it. For this, it is mandatory to have only Aadhaar card and PAN card in the necessary papers. On the other hand, if you wish, you can withdraw 40% of the savings after one year if needed.


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