Mahila Samman Bachat Patra Yojana 2024: Interest Rate, Rules, And Benefits | 7.5% Interest Rate Will Be Available

Mahila Samman Bachat Patra Yojana, Bachat Patra Yojana, Mahila Samman Bachat Patra Yojana 2023, Mahila Samman Bachat Patra Yojana In English, Mahila Samman Yojana, Women Empowerment, Scheme for Women, Mahila Samman Bachat Patra Scheme, How to Apply, Beneficiaries, Required Documents, Eligibility Criteria, Financial Help, Official Website, Helpline Number

What is Mahila Samman Bachat Patra Yojana?

Finance Minister Nirmala Sitharaman introduced the Mahila Samman Bachat Patra Yojana in the 2023–24 budget. Any Indian woman or girl can create an account at a post office under this scheme, and she will get a fixed interest rate of 7.5% annually on deposits of upto Rs. 2 Lakhs.

This scheme is launched for two years, and offers a 7.5% compound interest rate that is fixed, with an investment limit from Rs. 1000/- up to Rs. 2 Lakhs. This scheme will remain in effect until March 31, 2025.

All the details you need to apply for the Mahila Samman Bachat Patra Yojana are given below, How To Apply, Official Website, Benefits, Required Documents, Eligibility Criteria, and more.

Also, yojnasarkar.in provides information on all government schemes run by the central or state governments.

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Important Points For Mahila Samman Bachat Patra Yojana

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Required Documents For Mahila Samman Bachat Patra Yojana

1. Aadhar card of woman
2. Passport size photo
3. Mobile number
4. PAN card
5. Caste certificate
6. Identity card
7. Ration card
8. Residence certificate

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Benefits and Characteristics of Mahila Samman Bachat Patra Yojana

1. Women will earn huge amount as interest by investing a small amount.
2. The principal amount and interest will be received when the two-year period is over. This scheme has a higher interest rate than other schemes i.e. 7.5%.
3. To open an account for a minor girl a guardian will be required.
4. After 1 year, if applicant wants than only a maximum of 40% of the deposit amount can be withdrawn.
5. For two years, any woman can invest up to Rs. 2 Lakhs either all at once or in installments.

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Eligibility Criteria For Mahila Samman Bachat Patra Yojana

1. The applicant must a woman and an Indian citizen.
2. The woman’s family’s maximum income must be Rs. 7 Lakhs.

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How To Apply For Mahila Samman Bachat Patra Yojana?

In April 2024, information has been issued for Mahila Samman Bachat Patra Yojana and it is available in 1.59 Lakhs post offices with immediate effect.

To apply for this scheme, follow the information given below:-

1. To get any scheme related information or for opening your account, you need to go to your nearest post office.
2. You will get the form of Mahila Samman Bachat Patra Yojana from there.
3. Fill the form and attach the documents asked in the form and submit it back.
4. After this, you can deposit whatever amount you want (minimum Rs. 1000/- to maximum Rs. 2 Lakhs), You can deposit money through cheque or cash.
5. You will get a receipt of your investment after depositing the money.

Apart from this, 4 banks are also providing the Mahila Samman Bachat Patra Yojana. You can contact the nearest branch of these 4 banks given below –

1. Punjab National Bank
2. Bank of India
3. Bank of Baroda
4. Canara bank

These 4 banks are also providing Mahila Samman Savings Certificate.

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