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Post Office Mahila Samman Savings Scheme – Check Interest Rate, Benefits Online Apply

Post Office Mahila Samman Savings Scheme: The Government of India has introduced several Post Office Schemes for Women in 2024. These schemes aim to provide financial assistance and other benefits to all female citizens of India. In collaboration with various state governments, the Government of India has launched these Post Office Schemes to empower women financially, ensuring they do not have to rely on others for their day-to-day expenses. The financial aid will be directly transferred to the bank accounts of eligible applicants. Women who meet the eligibility criteria should visit the official website and complete the online application form to take advantage of these schemes.

Overview of Post Office Scheme for Women

Name of the schemePost Office Scheme for Women
Launched byGovernment of India
ObjectiveProvide financial assistance
BeneficiariesFemale citizens of India

What Is Post Office Mahila Samman Savings Scheme 2024

Post Office Mahila Samman Savings Certificate (Mahila Samman Bachat Patra): Launched in April 2023, the Mahila Samman Savings Certificate scheme is a government-guaranteed small savings initiative designed to promote the financial growth of women. Known as Mahila Samman Bachat Patra, this scheme is available at post offices, PSU banks, and select private banks. It is a limited-period savings scheme, accessible until March 31, 2025.

Mahila Samman Savings Certificate

The Department of Economic Affairs of India launched this scheme to provide financial assistance to all female citizens of India. Under this scheme, female citizens can open savings accounts in the post office. Women above the age of 18 can open an account for themselves, while guardians can open accounts on behalf of girls below 18. This scheme aims to encourage the habit of saving among women in India.

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Amount of Deposit

  • Minimum: INR 1000, and in multiples of INR 100.
  • Maximum: INR 2 lakh in an account or across all accounts held by an account holder.

Interest Rate

  • The deposit will earn 7.5% interest per annum.
  • Interest will be compounded quarterly, credited to the account, and paid at the time of account closure.

Maturity Period

  • The eligible balance will be paid to the depositor after two years from the date of account opening.

Withdrawal

  • A 40% withdrawal of the eligible balance can be made after one year from the date of account opening.

Required Documents

  • Aadhaar Card
  • Email ID
  • Mobile Number
  • Electricity Bill
  • Address Proof
  • PAN Card
  • Passport Size Photo

Benefits of Post Office Scheme for Women

  • The selected applicants can save a significant amount of money through the post office schemes for women.
  • These schemes will enhance the social status and standard of living for female citizens of India.
  • Financial assistance from these schemes will enable female children to receive a proper education without financial worries.
  • Women will gain financial independence, reducing their reliance on others for daily expenses.

Post Office Scheme for Women Application Procedure

Step 1: Visit the nearest post office to apply for the post office schemes for women.

Step 2: Obtain the application form from the concerned official at the post office branch.

Step 3: Fill out the application form with all required details.

Step 4: Enter all details carefully and attach the necessary documents.

Step 5: Review the completed application form and submit it to the concerned official to complete the process.

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Collect the applicant form or download it from the official website.

Notes: Please note that the details provided are based on the information available and may be subject to change. Candidates should refer to the official notification and website for the latest and most accurate information.

FAQ’s Of Post Office Mahila Samman Savings Scheme

1. What is the eligibility criteria for the Post Office Scheme for Women?

Female citizens of India above 18 years of age can open an account. For those below 18, guardians can open an account on their behalf.

2. How much interest does the Mahila Samman Savings Certificate offer?

The scheme offers an interest rate of 7.5% per annum, compounded quarterly.

3. Can I withdraw money before the maturity period of the scheme?

Yes, you can withdraw up to 40% of the eligible balance after one year from the date of account opening.

4. How can I apply for the Post Office Scheme for Women?

Visit the nearest post office, obtain the application form, fill it out with the required details, attach the necessary documents, and submit it to the official.

5. What are the benefits of the Post Office Scheme for Women?

The scheme helps women save money, uplifts their social status, improves their standard of living, and provides financial assistance for female children’s education.

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