By Admin 
Mahila samman savings certificate: The government is running a variety of schemes to make women financially empowered. One of these is the Women’s Honor Savings Certificate Scheme. The investment deadline in this scheme of the post office is till March 31, 2025. Now the post office has started a partial withdrawal facility from this scheme.
You can withdraw so much money from the account
The account holders will be able to withdraw money for 40 percent of the amount deposited in it after one year of opening an account under the Women’s Honor Savings Certificate Scheme. The scheme started on 1 April 2023 for two years. For example, the investment made in this account from April 30, 2023 is available for partial withdrawal from May 1, 2024. With this, you also have some money deposited as an investment and if you need, you can also complete your work by withdrawing some money.
One time scheme applicable for two years
Women’s Honor Savings Certificate is a one -time scheme implemented for two years. The government has not extended the investment deadline in it till now. You can invest a minimum of Rs 1,000 to a maximum of Rs 2 lakh. In this scheme, 7.5 percent fixed interest rate is given annually. It is different from many small savings schemes and bank FDs. It gets compound interest in every quarter.
No tax exemption on interest
However, it has to pay tax on the amount of interest in it. In this, you cannot avail tax exemption under Section 80C, so the interest rates being deposited in the bank account should be declared under the ‘income from other sources’ in income tax returns. Under the Women’s Honor Savings Certificate Scheme, the account can also be opened under the age of 18 years. It will be looked after by the guardian.
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