5 Best Savings For Women: Savings is a very important part of everyone’s life. You never know when and where you might need money. Therefore, every earning person is advised by his family members and parents to save. In today’s time, people have many options to save.
Now in India, women are also walking in step with the men. The participation of women in every service sector of India is almost equal to that of men. There are many savings schemes available in India for women to save. Through which you can save money by investing more. Today we will tell you about 5 such savings schemes.
Mahila Samman Savings Card
Mahila Samman Budget Patra Scheme of Government of India can prove to be a good scheme for women in the form of savings. Under this scheme, investment is made for 2 years. Investment in the scheme can be made from Rs 1000 to Rs 200000. On which you get 7.5 percent interest annually. This interest is given on quarterly basis i.e. three months. After completion of 2 years, your principal amount and interest amount are paid together.
time deposit scheme
Post Office Time Deposit Scheme is a good saving route for women. Investment in this scheme can be made from 1 year to 5 years. In this scheme the interest rate keeps increasing according to the duration of the scheme. If you are investing for one year then the interest will be 6.9 percent. Whereas if you are investing in it for 5 years then you get interest up to 7.5 percent.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is very beneficial for those women who have daughters. Under this scheme, an account can be opened in the post office or any bank for ₹ 250. A maximum of Rs 2.5 lakh can be deposited in it annually. In the scheme you get interest at the interest rate of 8.2%. Women can open the accounts of their two daughters in this. And can plan well for their future.
National Savings Certificate Scheme
National Savings Certificate Scheme is a very good option for women to save. You do not need a huge amount to invest in this scheme. The minimum amount of investment in the scheme is Rs 1000. There is no limit on maximum investment in the scheme. The duration of National Savings Certificate Scheme is 5 years. In this, interest is being given at the rate of 7.7 percent.
ppf
Public Provident Fund is a very good scheme for investment. In this, a minimum of Rs 500 can be deposited annually and a maximum of Rs 1.50 can be deposited. In this the interest rate is decided by the government. At present, interest is being given at the rate of 7.1 percent per annum. There is also a provision for exemption on income tax. Its locking period is 5 years. After that money can be withdrawn from it.