Mahila Samman Savings Scheme is a government scheme designed to provide financial empowerment to women. This scheme not only helps women to make a habit of savings, but also gives them a safe and risk-free investment option. Under this scheme, women can create a stable financial basis for their future.
The Mahila Samman Savings Scheme has been started by the Central Government with the aim of improving the economic condition of women and making them self -sufficient. Investing in this scheme, women can not only achieve their financial goals, but can also build a safe future for their family.
The specialty of this scheme is that it has an annual interest rate of 7.5%, which is higher than other savings schemes in the market. The scheme gives women a chance to deposit money in a short period, allowing them to achieve their financial goals quickly.
Women Samman Savings Scheme Overview
Before knowing in detail about Mahila Samman Savings Scheme, let’s take a look at its main details:
| Description | Women’s honor savings scheme |
| Purpose of the scheme | Economic empowerment of women |
| Interest rate | 7.5% per year |
| Minimum deposit | ₹ 1000 |
| Maximum deposit | ₹ 2 million |
| Duration | 2 years |
| Partial withdrawal | A year later up to 40% |
| Premature closure | Six months later, with 2% fine |
Benefits of Women’s Honor Savings Scheme
Investing in Mahila Samman Savings Scheme has many benefits to women:
- Guarantee Return: Investing in this scheme gives a guaranteed interest rate of 7.5%, which is higher than other savings schemes in the market.
- Partial withdrawal: Up to 40% amount can be withdrawn after one year if needed.
- Premature closure: It can be closed prematurely after six months of opening an account, although it is fined 2%.
- Financial security: This scheme provides financial security to women and helps to make them self -sufficient.
Application process for women’s honor savings scheme
Follow the following stages to apply in Mahila Samman Savings Scheme:
- Prepare documents:
- Aadhar card, PAN card, or passport (for identity card)
- Aadhar card, electricity bill, or ration card (proof of address)
- Passport Size Photo
- Bank account details (if you want to pay from bank account)
- Nominee details (if necessary)
- Go to the nearest post office or bank: This scheme is available through post office and some authorized banks.
- Get the application form: Get the Women’s Honor Savings Account Application Form in the concerned branch.
- Fill the information in the application form:
- Account holder name
- Date of birth
- Contact details
- Nominee details
- Submit the form: Submit the filled form to the respective branch.
Benefits and characteristics of Women’s Honor Savings Scheme
Investing in Mahila Samman Savings Scheme, women not only get financial security, but can also create a stable basis for their future. The scheme offers women a risk-free investment option, allowing them to achieve their financial goals easily.
Financial Mathematics of Women’s Honor Savings Scheme
If you deposit ₹ 2 lakh in this scheme, then at the end of the first year this amount will be ₹ 2,15,000. This amount will reach ₹ 2,31,125 at the end of the second year. This guaranteed return not only promotes your savings, but also gives you an opportunity to become self -sufficient.
Women’s honor savings scheme deadline
The account can be opened by 31 March 2025 under the Women’s Honor Savings Scheme. After this, the option to invest in this scheme will not be available, unless the government announces to extend its duration.
Economic Empowerment through Women’s Honor Savings Scheme
Women’s Honor Savings Scheme not only provides financial security to women, but also helps in empowering them financially. Through this scheme, women can build a better future for their family and improve their economic condition.
Features and benefits of Women’s Honor Savings Scheme
Investing in Mahila Samman Savings Scheme gives women many special benefits:
- Safe Investment: This scheme is completely safe and does not risk.
- Attractive interest rate: The annual interest rate of 7.5% makes it better than other savings schemes.
- Partial withdrawal facility: Up to 40% amount can be withdrawn after one year if needed.
- Premature closure facility: Six months after opening the account, it can be closed prematurely, although it is fined 2%.
Disclaimer: The information given about the Women’s Honor Savings Scheme is only based on general knowledge and available data. This scheme is not real and it is necessary to get information from government official sources to confirm it. It would be appropriate to seek the advice of an expert before joining any investment or scheme.
