Saving Scheme for Women 2024: Top Investment Secrets for Women Revealed!

Saving Scheme for Women: In today’s era, women are actively participating in various spheres of life, be it in the corporate world, entrepreneurship, or leading successful businesses. However, despite these advancements, there remains a significant portion of women lacking in financial literacy. Reports suggest that around 80 percent of women in the country lack adequate knowledge about managing finances and tax-saving schemes. This knowledge gap underscores the importance of empowering women with financial awareness and enabling them to make informed investment decisions.

Changing Tax Landscape

Previously, women enjoyed certain tax benefits, including separate tax slabs and exemptions compared to men. However, with recent changes, the tax system no longer discriminates based on gender. In this evolving scenario, it becomes crucial for women to explore investment avenues that not only yield good returns but also offer tax-saving benefits.

Exploring Investment Options

Here are some investment schemes specifically designed to cater to the financial needs of women, offering potential returns along with tax-saving opportunities:

1. Mahila Samman Savings Card: Empowering Financial Independence

The Mahila Samman Savings Card is a specially crafted scheme for women, offering them an opportunity to invest in their financial future. Under this scheme, both working women and minor girls can invest, with investments starting from as low as Rs 1,000. With a maximum deposit limit of Rs 2 lakh, this scheme functions akin to a fixed deposit, offering an attractive interest rate of 7.5 percent.

While there are no separate tax exemptions under this scheme, investors need not pay tax on the interest earned. For instance, an investment of Rs 50,000 can yield returns of Rs 58,011 after 2 years, while Rs 1 lakh can grow to Rs 1,16,022, and Rs 2 lakh to Rs 2,32,044. Notably, this scheme, announced by Finance Minister Nirmala Sitharaman, is available until March 2025.

2. Sukanya Samriddhi Yojana: Securing Your Daughter’s Future

For mothers with daughters under the age of 10, the Sukanya Samriddhi Yojana presents an excellent investment opportunity. This scheme allows mothers to open an account in any post office or bank with a minimum deposit of Rs 250 and a maximum yearly deposit of Rs 1.5 lakh. Offering an attractive interest rate of 8.2 percent per annum, this scheme also provides tax exemptions on investments.

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One of the notable features of this scheme is that accounts can be opened for up to two daughters. Moreover, in cases of twins or multiple daughters born together, they can also become beneficiaries. Additionally, adopted daughters are eligible for enrollment under the Sukanya Samriddhi Scheme, further enhancing its inclusivity.

3. LIC’s Aadharshila Policy: Ensuring Financial Security

LIC’s Aadhar Shila Policy emerges as a comprehensive financial solution tailored for women. This non-linked personal life insurance scheme allows women aged between 8 to 55 years to invest, with policy terms ranging from 10 to 20 years. Apart from providing financial protection, women can also avail loan benefits under this scheme.

Investing in LIC’s Aadharshila Policy ensures a fixed amount on maturity, offering peace of mind to investors. In the unfortunate event of the investor’s demise before policy maturity, the family receives financial assistance, with LIC providing a minimum of Rs 75,000 to the nominee, extendable up to Rs 3 lakh.

Top Saving Scheme for Women 2024


In conclusion, these investment schemes serve as invaluable tools for women to secure their financial future while also enjoying tax-saving benefits. By actively participating in such schemes, women can not only build wealth but also foster greater financial independence and empowerment. It’s imperative for women to take charge of their financial well-being and explore these tailored investment options to fulfill their aspirations and secure their financial legacy.

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