In which scheme will you get more returns?
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Saving Scheme for Women: Saving money is becoming difficult these days. In such a situation, people are looking for options for better returns. Many schemes are being run by the government especially for the economic prosperity of women. One of these schemes is Mahila Samman Savings Certificate. However, a few days ago many banks have also increased the interest rates on their FDs. In such a situation, there is confusion among women that by investing money in which scheme they will get more returns. If you are also struggling with this problem then we are helping you.
Mahila Samman Savings Certificate
Mahila Samman Savings Certificate has been launched by the Central Government in the year 2023. Almost like FD, money has to be invested in it. The tenure of the investor in Mahila Samman Savings Certificate is two years. You can invest from one thousand to two lakh rupees in this. Parents can also invest in their daughter’s name. At present a return of 7.5 percent is being given on it. Under certain circumstances, the investment can be closed even after six months. However, by doing this the interest rate will reduce to 5.5 percent. This interest is given on the principal amount. Apart from this, you can also withdraw up to 40 percent of the amount in the scheme after one year. You can open this account by going to your nearest post office or bank.
Also Read: The stock which gives more than 88% return in a year is booming again today, know what is the update.
fixed deposit
Women also have the option of opening fixed deposits in the bank. Bank FD has been the first choice of investors since the beginning. This is a safe investment. At present State Bank of India and HDFC Bank are giving seven percent interest to investors for a period of two years. Whereas, Punjab National Bank is giving a return of 6.80 percent. Apart from this, ICICI and Axis Bank are giving returns of 7.10 percent and IndusInd Bank is giving 7.75 percent returns. Also, Bandhan Bank is offering 7.85 percent interest, RSB Bank 8 percent and Yash Bank 7.75 percent interest on FD. Based on this, you can decide where it is appropriate to invest.
,Note: Before investing, go to a financial advisor or bank and get information. The interest rate of the bank changes over time period.,
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