Mahila Shakti Bachat Yojana

The scheme “Mahila Bachat Saving Yojana” was launched by the Sanatan Co-operative Credit Society Ltd.

Key Features of the Scheme:

• Provides attractive and secured investment options to all ladies.
• An account can be opened for a tenure of three years.
• Interest rate: 7.5% per annum, compounded quarterly.
• Minimum deposit: ₹1,000/- (in multiples of ₹100), maximum ₹3,00,000/-.
• Flexibility in investment and partial withdrawal up to 50% of eligible balance during the tenure.

Benefits

• Attractive and secure investment for girls and women.
• Fixed 7.5% interest compounded quarterly.
• Tenure: three years.
• Quarterly compounding of interest credited to the account.

Eligibility

• Must have Indian citizenship.
• Only for women and girl children.
• Minor account can be opened by guardian.
• No upper age limit.
• Single-holder type account only.

Deposits

• Multiple accounts allowed with a gap of 3 months between openings.
• Minimum deposit: ₹1,000/- (in multiples of ₹100).
• Maximum deposit: ₹2,00,000/- per account holder.

Payment on Maturity

• Matures after three years from date of deposit.
• Fractional amounts rounded to nearest rupee.

Withdrawal from Account

• Up to 50% withdrawal allowed after one year but before maturity.
• For minor accounts, guardian may withdraw for the minor’s benefit.

Application Process

1. Visit nearest Post Office Branch or Sanatan CCSL.
2. Collect or download application form.
3. Fill out the form and attach required documents.
4. Fill declaration and nomination details.
5. Submit with deposit amount or cheque.
6. Receive certificate as proof of investment.