The Government of India launched various Post Office Schemes for Women 2024. To provide financial assistance and other benefits to all the female citizens of India the Government of India along with various state governments launched a bunch of Post Office Scheme for Women 2024. These schemes will provide financial assistance to the female citizen so that they do not have to depend on anyone for their day-to-day expenses. The financial assistance will be transferred directly to the selected applicant’s bank account. All the applicants who clear the eligibility criteria must go to the official website and fill out the application form online to avail the benefits of these schemes.
Helpful Summary of Post Office Scheme for Women
| Name of the scheme | Post Office Scheme for Women |
| Launched by | Government of India |
| Objective | Provide financial assistance |
| Beneficiaries | Female citizens of India |
| Official website |
Also Read: Udyogini Scheme for Women Entrepreneurs
Mahila Samman Savings Certificate
The Department of Economic Affairs of India launched the scheme to provide financial assistance to all the female citizens of India. Under this scheme, the female citizens of India can open up their savings accounts in the post office. All the female citizens of India who are above the age of 18 years can open up an account for themselves or if the applicant is below the age of 18 years then her guardians can open an account for her. This scheme will encourage the habit of saving among the female citizens of India.
Amount of deposit
- Minimum of INR 1000 and in multiple of rupees one hundred.
- Maximum limit of INR 2 lakh in an account or all accounts held by an account holder.
Interest rate
- The deposit shall be eligible for 7.5 percent interest per annum.
- Interest will be compounded quarterly credited in the account and paid at the time of closure of the account.
Maturity period
- After two years from the date opening eligible balance will be paid to the depositor.
Withdrawal
- 40% withdrawal of eligible balance can be taken after one year from the date of account opening.
Also Read: Vidyalakshmi Scheme
Sukanya Samriddhi Saving Scheme
The Ministry of Finance of India launched the Sukanya Samriddhi Saving Scheme to provide financial aid, especially to the girl child in India. The accounts under the scheme can be opened by one of the guardians in the name of a girl child, who has not attained the age of ten years as of the date of opening of the account. With the help of high interest rates, the applicants are eligible to receive higher amounts. The applicants can visit the nearest post office to open an account and avail of the benefits of the Sukanya Samriddhi Saving Scheme.
Amount of deposit
- The minimum amount of deposit under the scheme is INR 250.
- The maximum amount of deposit under the Sukanya Samriddhi Saving Scheme is INR 1,50,000.
Interest rate
- The rate of interest under the Sukanya Samriddhi Saving Scheme is 8.2%.
Maturity period
- Account may be prematurely closed after 5 years of account opening on the following conditions: –
- On the death of the account holder. (from date of death to date of payment PO Savings Account interest rate will be applicable).
- On extreme compassionate grounds.
Withdrawal
- 40% withdrawal of eligible balance can be taken after one year from the date of account opening.
Post Office Monthly Income Account(MIS)
The Post Office Monthly Income Account(MIS) is a scheme launched by the Department of Finance of India to provide a study investment plan for the citizens of India. All the applicants who want to invest their money but don’t want the risk those applicants can invest their money under this scheme. All the applicants who are above the age of 10 years are eligible to open up a account in their own name. The applicants can go to the official website to fill out the application form online to avail the benefits of this scheme.
Amount of deposit
- The minimum amount of deposit under the Post Office Monthly Income Account(MIS) is INR 1000.
- The maximum amount of deposit under the Post Office Monthly Income Account(MIS) is INR 9 lakh.
- The maximum amount of deposit in case of a joint account is INR 15 lakh.
Interest rate
- The rate of interest under the Post Office Monthly Income Account(MIS) is 7.4%.
Maturity period
- Account may be closed on expiry of 5 years from the date of opening by submitting the prescribed application form with passbook at the concerned Post Office.
Withdrawal
- No deposit shall be withdrawn before the expiry of 1 year from the date of deposit.
Post Office Recurring Deposit
To increase the habit of saving and deposit among the citizens of India the Government of India launched the Post Office Recurring Deposit. With the help of this scheme, the applicants can invest their Idol money and increase the country’s cash flow. All the applicants who are permanent residents of India are eligible to open an account for themselves or they can open up a joint account with their partner. The applicants must visit the nearest post office to avail the benefits of the Post Office Recurring Deposit.
Amount of deposit
- The minimum amount of deposit under the Post Office Recurring Deposit is INR 100.
- There is no maximum deposit limit under the Post Office Recurring Deposit.
Interest rate
- The rate of interest under the Post Office Recurring Deposit is 6.7%.
Maturity period
- The maturity period of a deposit under the Post Office Recurring Depositis 5 years
Withdrawal
- RD Account can be closed prematurely after 3 years from the date of account opening by submitting the prescribed application form at the concerned Post Office.
Post Office Public Provident Fund
The Post Office Authority of India launched the Post Office Public Provident Fund to help the citizens of India adopt the habit of saving. All permanent residents of India who are above the age of 18 years are eligible to avail the benefits of the Post Office Public Provident Fund. The interest rate under the Post Office Public Provident Fund is comparatively higher than any other scheme launched by the government of India.
Amount of deposit
- The minimum deposit amount under the Post Office Recurring Deposit is INR 500.
- The maximum deposit under the scheme is INR 1.5 Lakh.
Interest rate
- The rate of interest under the Post Office Recurring Deposit is 7.1 %.
Maturity period
- The maturity period of a deposit under the Post Office Recurring Depositis 15 years
Withdrawal
- A subscriber can take 1 withdrawal during a financial after five years excluding the year of account opening. (if the account is open during 2010-11 the withdrawal can be taken during or after 2016-17).
National Savings Certificate
To encourage small investors in India to invest their money the Government of India launched the National Savings Certificate. The risk factor under the National Savings Certificate is very low, so the scheme is preferable for all low-level investors. With the help of very high interest, the applicants are eligible to receive high returns. There is no maximum deposit limit under the National Savings Certificate.
Amount of deposit
- The minimum amount of deposit under the National Savings Certificate is INR 100.
- There is no maximum deposit limit under the National Savings Certificate.
Interest rate
- The rate of interest under the National Savings Certificate is 7.7 % compounded annually but payable at maturity.
Maturity period
- The maturity period of a deposit under the National Savings Certificateis 5 years
Withdrawal
- NSC may not be prematurely closed before 5 years except for the following conditions: –
- On the death of a single account, or any or all the account holders in a joint account.
- On forfeiture by a pledgee being a Gazetted officer.
- On order by court.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
- Passport Size Photo
Benefits of Post Office Scheme for Women
- The selected applicants can save a lot of money with the help of the post office scheme for women.
- These schemes will uplift the social status and standard of living of the female citizens of India.
- With the help of financial assistance, female children can get a proper education without worrying about financial troubles.
- With the help of these schemes, female citizens did not have to depend on anyone for their day-to-day expenses.
Post Office Scheme for Women Application Procedure
STEP 1: To apply for the post office schemes for women the applicants can visit the nearest post office.
STEP 2: After visiting to the nearest post office branch the applicant can get the application form from the concerned official.
STEP 3: Once the applicant gets the application form they can start filling up the form will all the details.
STEP 4: The applicant must enter all the details carefully and attach all the necessary documents.
STEP 5: After filling out the details carefully the applicant must quickly review and submit the application form back to the concerned official to complete their process.
FAQs
Who is eligible to avail of the benefits of the Post Office Scheme for Women 2024?
All the permanent residence female citizens of India are eligible to avail the benefits of the Post Office Scheme for Women 2024.
What is the interest rate under the National Saving Certificate Scheme?
The rate of interest under the National Savings Certificate is 7.7 % compounded annually but payable at maturity.
What is the main aim of launching the Post Office Scheme for Women 2024?
The main aim of launching the scheme is to increase the habit of saving among the citizens of India.