Shreyaa Kapoor Instagram – This is a Govt backed zero risk savings scheme!🌟
The Mahila Samman Savings Certificate is a one-time scheme available for two years, from April 2023-March 2025! 🙌🏼
Apart from the things talked about in the video – here are a few important things you must know!🫡
You can withdraw the amount, prematurely. The account holder can withdraw up to 40% of the account balance after one year from the account opening date. 🙌🏼
But you will not be given any rebate under section 80C for this scheme.🙏🏼
And while TDS should be applicable under this scheme you won’t have to pay any as even if you invest 2 lacs in the scheme which is the maximum amount – the interest will only be 32,000 and TDS is only applicable if this exceeds 40,00 under section 194(A). 🎉
If you still have any questions, feel free to drop them in the comments!👇🏼
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[Shreyaa Kapoor, Govt scheme, schemes for women, investing for women, investing tips, investing schemes, zero risk investments] | Posted on 08/Jan/2024 20:00:13
