Post Office Scheme: By investing in these two post office programs, women are receiving returns totaling lakhs.

 Post Office Scheme: By investing in these two post office programs, women are receiving returns totaling lakhs.

Post Office Scheme: The Post Office has a number of programs that are specifically created with the needs of women in mind. Tell us about their specifics.

SSY vs. MSSC: The Post Office continues to provide programs tailored to the requirements of each region of the nation. The Post Office starts a lot of programs to help half the people in the nation become self-sufficient. The Mahila Samman Saving Certificate Scheme was introduced in Budget 2023 by Finance Minister Nirmala Sitharaman in response to the demands of women. As its name implies, this program was especially created with women's needs in mind. In two years, investment in this program may provide substantial profits. In addition, investing in the Sukanya Samriddhi Yojana for your female kid up to the age of ten may provide substantial rewards. Investing in these programs may provide substantial rewards since they are tailored to meet the requirements of women. Tell us about the specifics of both approaches.

Women's Savings Certificate Program

This initiative allows women of all ages to participate, with a maximum investment amount of Rs 2 lakh. If you invest in this program for a period of two years, you may profit from a set interest rate of 7.50 percent. A reimbursement of Rs 1.50 lakh is offered under this plan on the amount submitted in accordance with Income Tax Section 80C. By December 2023, if you invest Rs 2 lakh under this program, you would get Rs 2,32,044 lakh at maturity.

Yojana Sukanya Samriddhi

2014 saw the launch of the Sukanya Samriddhi Yojana by the Modi administration at the Center. This plan was specifically designed with women's needs in mind. With an annual investment of Rs 250 to Rs 1.50 lakh, you may start a Sukanya Samriddhi account for a girl up to 10 years old under this plan and get substantial returns. Once the girl reaches the age of 18, she may withdraw up to 50% of the invested sum under this plan, which is operated in her name. At the age of 21, the whole sum is withdrawable. Investing in this plan will relieve you of the burden of your daughter's schooling and marriage-related costs. The government is presently offering an 8 percent interest return on the deposited funds under this plan.

SSY vs. MSSC

The Sukanya Samriddhi Yojana and Mahila Samman Saving Certificate programs were both introduced with women's needs in mind; nevertheless, it should be noted that MSSC is a short-term savings plan. On the other hand, SSY is a long-term savings plan. You may invest in a Sukanya account and invest worry-free knowing that your daughter's marriage and schooling costs will be covered. You may invest in an MSSC account to get larger profits in the near future.