Investment scheme News

Notably, the Mahila Samman Savings Certificate is a special savings scheme launched on April 1, 2023 and is valid until March 31, 2025.  

Mahila Samman Savings Certificates, 2023 is available now in 1.59 lakh post offices. The scheme was announced in budget 2023-24 by FM to commemorate ‘Azadi Ka Amrit Mahotsav’. Interest rates on all the small savings schemes, except Savings Deposit and PPF, have also been upwardly revised with effect from 1st April 2023.

Kisan Vikas Patra is capable of doubling your money in 10 years and four months at the interest rate of 7 per cent. The National Savings Certificate is earning an interest of 6.8 per cent at present. The Senior Citizens Savings Scheme is giving a return of 7.6 per cent to the investors.

For receiving Rs 15 lakh rupees on maturity, investors need to invest at least Rs 5000 rupees every month. Investors will need to invest for about 15 years continuously to receive Rs 15 lakhs on maturity. Currently, the interest rate offered on PPF is about 7.1%.

In its biggest-ever crackdown on a large-scale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months.