In MSSC, money has to be deposited for two years. After two years you get the entire amount back along with interest and principal. At present, interest on this scheme is 7.5 percent. In such a situation, if you invest Rs 50,000, Rs 1,00,000 and Rs 2,00,000 in this government scheme, then how much return will you get? Know the calculation here.

What is the return on investment from Rs 50,000 to Rs 2 lakh?

According to Mahila Samman Saving Certificate Scheme Calculator 2023, if you invest Rs 50,000 in this scheme, then after two years at 7.5 percent interest rate, you will get Rs 8,011 as interest on the amount. but will meet. In this way, after two years you will get a total of Rs 58,011.

Whereas if you invest Rs 1,00,000 in the scheme, then at 7.5 percent interest rate you will get Rs 1,16,022 at the time of maturity. If you deposit Rs 1,50,000, you will get Rs 1,74,033 after two years. If you invest Rs 2,00,000, then after two years at 7.5 percent interest rate, you will get Rs 32,044 as interest on the invested amount. In this way you will get a total of Rs 2,32,044 on maturity.

Where will the account be opened

Any woman can open her account in post office or authorized banks. For girls below 18 years of age, their parents can open this account. While opening an account, you will have to fill Form-1, along with this you will need KYC documents like Aadhar Card, PAN Card and colorful photo etc. The benefit of this scheme can be availed till the year 2025.

Withdrawal rules

If you want to withdraw money from the account before the maturity period, then you get this facility after 1 year. If you need money in between, then after completion of 1 year, you can withdraw up to 40 percent of the deposited money. Can take out.

If the account holder falls seriously ill or dies, the Mahila Samman Savings Patra Scheme account can be closed after six months of opening the account. But in this situation the money is returned by reducing the interest rate by 2%. In such a situation, interest will be given at the rate of 5.5 percent.

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This is a lump sum investment scheme in the short term, which has been started for 2 years at present. This is a great scheme for women, in which along with good returns, the benefit of compounding is also available. If a woman investor deposits Rs 2 lakh in this scheme, then after two years she will get an interest of Rs 32 thousand 44.

Minimum Rs 100 can be deposited

At least 1000 rupees can be invested in this scheme. After that Rs 100 can be invested in multiples and the maximum limit is Rs 2 lakh. This scheme has started from 1 April 2023. At present, this scheme will remain open for investment till March 31, 2025. There can be more than one account in the name of a woman. A gap of at least 3 months is necessary between opening two accounts.

Getting interest of 7.5 percent

Talking about the interest rate, 7.5 percent interest is being received on this scheme. Interest is paid after 2 years, but is calculated quarterly compounding. Talking about tax calculation, the interest amount is added to your total income and tax is levied according to the tax bracket. Talking about TDS, interest income up to 40 thousand from the post office does not come under the purview of TDS.

Private banks also got permission

Seeing the increasing attraction towards this scheme, the government has recently changed the rule. Now apart from public sector banks, Mahila Samman Saving Certificate account can also be opened in ICICI BAnk, Axis Bank, HDFC Bank and IDBI Bank.

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