Post Office's superhit scheme, Mother-in-law is all rich

Post Office Superhit Scheme: Even today, post office is considered the safest and best place to deposit money in small savings schemes. By depositing small amounts in these micro savings schemes, you can accumulate huge sums in a few years. Among these savings schemes of Post Office, there is a Superhit savings scheme where women can earn huge amount by depositing less money. The special feature of this scheme is that you have to invest money in it for only two years and the government will also give you huge interest on your deposited amount. Its name is Mahila Samman Savings Certificate Scheme. Let's know about this savings plan. What is Mahila Samman Savings Certificate Scheme? The Government of India launched a small savings scheme called the Mahila Samman Savings Certificate Scheme in 2023 to inculcate the habit of saving among the women of the country. There is no age limit for depositing money in this scheme. Any age can deposit money. Under this scheme the deposit matures in two years. Any woman residing in India can open an account in the name of her minor daughter and deposit money in this scheme. How much money can I open a Mahila Samman Savings Certificate Scheme account? A minimum of Rs.1000 to a maximum of Rs.200000 can be deposited by opening an account under the Mahila Samman Savings Certificate Scheme. There will be only one deposit in the account opened under this scheme. There is no limit on the number of accounts per depositor. The total amount deposited in all the accounts of this scheme is Rs. Not more than 200000. To open another account under this scheme, there should be a gap of three months from the date of opening the existing account. How much interest is paid on deposits in Mahila Samman Savings Certificate Scheme? Deposits in Mahila Samman Savings Certificate Scheme earn 7.5 per cent interest. Interest is added every three months on the deposit amount of this scheme, which is automatically deposited in the account or accounts of the woman concerned. The interest amount is paid at the time of closing the account or partially withdrawn before the maturity period. When will the money deposited in Mahila Samman Savings Certificate Scheme be partially withdrawn? The amount deposited in the Mahila Samman Savings Certificate Scheme can be partially withdrawn up to a maximum of 40 per cent after one year from the date of deposit. The depositor is given an opportunity for partial withdrawal only once in two years. Is money deposited in Mahila Samman Savings Certificate Scheme tax free? Yes. Depositing money in Mahila Samman Savings Certificate Scheme is also tax exempt. The government has started this scheme to make women economically self-sufficient. This scheme not only offers a whopping interest of 7.5 percent on depositing money, but also benefits from TDS exemption. Also Read: How Train Accident Injured Are Treated? There is a huge shortage of staff in railway hospitals Also Read: Is Bangladesh Longing For Hilsa? Imports stopped after Sheikh Hasina's coup.