Glimpse Of The Workshop
During our recent Financial Literacy Workshop, we enlightened almost 300 incredible women on the importance of financial literacy and managing personal finances. We showcased women's innate abilities in budgeting, saving, and investing through real-life illustrations. We explored the crucial idea of financial planning and its transformative impact.
Because learning starts with questions
If I don’t earn enough then How will I save and invest?
It is required to start saving from the day, one starts earning. Let’s say if you earn Rs 100 a day and save Rs 20, that way you will be able to save 1 day’s income in just 5 days. Saving a small amount is also very much beneficial when it comes to investing.
Who can invest in the Mahila Samman Savings Certificate and what is the minimum amount to start investing?
Mahila Samman Savings Certificate is a government scheme that is available just for Women and can be availed through any post office or bank. The minimum amount to start investing is Rs 1000 and the maximum is Rs 2,00,000 with a lock-in period of 2 years and interest of 7.5%.
What is the minimum investment amount for PPF (Public Provident Fund) and is there any lock-in period?
A PPF account can be opened by an adult for self or on behalf of a minor. The account tenure and the lock-in period is 15 years. The minimum investment amount is Rs.500 and the maximum is Rs.1.5 lakh per financial year, required to make a minimum deposit of Rs.500 per financial year to keep the account active.