Mahila Saving Samman Certificate: If you are thinking of investing in Mahila Samman Savings Certificate (MSSC), then you have time till 31 March 2025. This is a special savings scheme for women and girls run by the government, which gives attractive interest of 7.5 percent
Mahila Saving Samman Certificate: If you are thinking of investing in Mahila Samman Savings Certificate (MSSC), then you have time till 31 March 2025. This is a special savings scheme for women and girls run by the government, which gives attractive interest of 7.5 percent. This scheme is completely safe and has been created to make women financially strong. However, the government has not yet extended the investment deadline in it. Therefore, it is believed that investment in the scheme can be made only till March 31.
What is Mahila Samman Savings Certificate (MSSC)?
This is a 2-year special deposit scheme, in which women and girls can invest their money. Interest is added on the investment every three months and on maturity both the principal and interest are available together.
Who can invest?
- All women and girls can avail the benefits of this scheme.
- For minor girls, their parents or guardians can open an account.
How to apply?
Go to the bank or post office and get the form.
Fill in the name, address and nominee details.
Select the amount to be deposited.
Identity proof: Aadhaar card, PAN card, passport
Address proof: Aadhaar card, voter ID, electricity or water bill
One passport size photo
How much money can be deposited?
Minimum investment: Rs 1,000
Maximum investment: Rs 2 lakh
Money can be deposited in multiples of Rs 100.
How to get the certificate?
The certificate will be issued after the form and documents are correct.
This certificate will verify your investment. Basically, it is a document that contains information about your investment.
When can you withdraw money?
- After one year, you can withdraw 40 percent of the total deposit amount.
- The entire amount will be available on maturity after two years.
- Tax rules on MSSC
- The interest of this scheme is taxable and is added to your total income.
- However, it is a safe and stable savings scheme, which gives better returns to women.
What will happen after March 31, 2025?
After March 31, 2025, the opportunity to invest in MSSC will end. If you want to take advantage of this scheme, then apply as soon as possible by going to the nearest bank or post office.
