Mahila Samman Bachat Pramanpatra: Best Option for Safe Savings and Guaranteed Returns for Women
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Mahila Samman Bachat Pramanpatra
Mahila Samman Bachat Pramanpatra: The Indian government has introduced a special savings scheme for women, known as Mahila Samman Bachat Pramanpatra (Mahila Samman Savings Certificate Scheme). This scheme provides a safe and guaranteed return, ensuring financial independence and security for women. With an attractive 7.5% interest rate and a tenure of just 2 years, it is one of the best savings options available today. Below is a detailed breakdown of the scheme’s features and benefits:
Features & Benefits of Scheme
Scheme Overview
Feature
Details
Scheme Name
Mahila Samman Bachat Pramanpatra
Target Audience
Women and Girl Children
Investment Tenure
2 Years
Interest Rate
7.5% (Compounded Quarterly)
Maximum Investment Amount
Rs 2,00,000
Minimum Investment Amount
No specified minimum
TDS Applicability
No TDS on Interest Earned
Government Backing
Fully Government-Backed for Safety
Account Closure
Allowed in case of death or serious illness (No penalty)
Mahila Samman Bachat Pramanpatra Returns Calculation
Investment Amount (Rs)
Term (Years)
Interest Rate (%)
Total Interest (Rs)
Total Maturity Amount (Rs)
Rs 2,00,000
2
7.5
Rs 32,044
Rs 2,32,044
Rs 1,00,000
2
7.5
Rs 16,022
Rs 1,16,022
Rs 50,000
2
7.5
Rs 8,011
Rs 58,011
Key Benefits of the Scheme
Benefit
Description
Higher Interest Rate
Offers 7.5% interest, higher than many other schemes.
Safe Investment
Fully backed by the Government of India, ensuring security.
No TDS on Interest
Complete tax-free earnings.
Flexible Partial Withdrawals
40% withdrawal allowed after 1 year.
Premature Closure
Available with reduced 5.5% interest rate.
Financial Empowerment
Helps women grow their savings safely and become financially self-reliant.
How to Open a Mahila Samman Bachat Pramanpatra Account?
Mahila Samman Bachat Pramanpatra is an excellent savings option for women looking for a risk-free and high-return investment. With its 7.5% interest rate, government guarantee, and flexibility of withdrawals, this scheme is an ideal choice for financial growth.
Invest today in Mahila Samman Bachat Pramanpatra and secure your financial future!