In some rural areas of India, many people are investing in many post office schemes. The major reason behind this is that post office scheme 2024 are run by the government, so the risk is minimal or non-existent. Due to which more people join and also get bigger returns very easily.
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Everyone is saving their money for a better future. But by investing in many such schemes, their savings increase a lot. Indian Post Office is offering its customers a new Post Office Scheme 2024 for depositing money in which the post office will give you interest on your deposited amount every month. This interest is so high that you can easily earn an additional Rs 3,30,000.
There are many different post office schemes with benefits you may be familiar with. These schemes are catered to women for more like income and less risk. In this article we will get more information about Mahila Samman Yojana. Investing money for 2 years in which you will get 3.30 lakh rupees.
Mahila Samman Yojana
Mahila Samman Yojana is specially designed for women, through which they can get better return on small savings.
Key Features of the Plan:
- AMOUNT DEPOSIT: You can deposit between ₹1,000 to ₹2,00,000 in this scheme. This amount should be deposited in multiples of ₹100.
- Multiple Accounts: You can open multiple accounts in this scheme, but the total deposit should not exceed ₹2,00,000.
- Interest: This scheme earns 7.5% interest per annum, compounded at three monthly intervals.
- Maturity: The maturity of this scheme is 2 years.
How much interest is earned in Post Office Scheme 2024?
Post Office Scheme 2024, The interest rate is revised by the central government every 3 months for availing small schemes. If you apply under Filhal MIS scheme you pay 7.4% interest every month. This interest is accrued by you. However, after the 5 year term is over, you can withdraw your good money in interest rates with Post Office Scheme 2024. If you invest a maximum of ₹2,00,000 in this scheme, you can get ₹2,32,044 after 2 years at 7.5% interest rate.
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Example:
- Original Investment: ₹2,00,000
- Interest (7.5%): ₹32,044
- Total Amount: ₹2,32,044
Withdrawal facility
In this scheme you have to keep the investment for 2 years, but if required you can withdraw up to 40% of your original investment after one year.
Special case
- CASE OF DEATH: Nominee or family members can withdraw this amount on death of the account holder.
- Withdrawal in case of necessity: This amount can be withdrawn even in case of life-threatening illnesses.
Other Post Office Schemes
- MIS Scheme: If you have more investment capacity, you can invest in this scheme. You can get financial benefits upto ₹15,00,000 with(joint account).
- Minimum Investment: You can start with just ₹1,000 and invest up to a maximum of ₹9,00,000 (individual) or ₹15,00,000 (joint account).
Quick explanation
- Maturity: 5 years
- Withdrawal Conditions: Withdraw after 1 year, but with penalty.
- 1-3 years: 2% penalty
- 3-5 years: 1% penalty
Through these schemes, Post Office ensures better returns on your small savings. So, if you are looking for a safe and guaranteed investment plan, these plans are definitely the best option for you.
Conclusion
If you are able to save a good amount of money and if you have money to save which you want to invest but you are afraid that this money may not give a good return, you can avail the MIS yojana of Post Office. You have to invest a maximum of Rs 1,50,000.
By doing this investment you will get 7.4% interest every month. And that interest will be deposited in your post office account as much as ₹9450 per month. If you continue this scheme for 5 years, you get a benefit of ₹5,50,000 at the end of five years, in which your investment is only ₹1,50,000. And if you can reach this amount by investing every month in this scheme. And can increase your savings.
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