The Government of India launched the MSSC (Mahila Samman Savings Certificate) Scheme for women and girls on 31 March 2023 under the Amrit Mahotsav of Independence and was implemented for a period of two years.
Post office scheme Close: There is little time left to invest in the Mahila Samman Saving Certificate (MSSC) scheme. The government has not yet extended the investment time in the Mahila Samman Saving Certificate (MSSC) scheme. The last date for women to invest in this scheme operated under the post office is 31 March 2025. Women who have not yet invested in this scheme have time till March 2025. Then this scheme may be closed or the government may also decide to extend it.
The scheme is better for women!
The Government of India launched the MSSC (Mahila Samman Savings Certificate) scheme for women and girls on 31 March 2023 under the Amrit Mahotsav of Independence and it was implemented for a period of two years. The aim of this scheme is to empower women financially and give them financial independence. A maturity period of 2 years has also been given under this scheme.
How much interest is available?
Any woman of the country can invest in this scheme for 2 years. Strong interest is also given under this scheme. 7.5% annual interest is given on MSSC scheme, which is more than the 2-year FD of banks. This is a safe scheme because it is run by the government. Under this, the account can be easily opened in post office or registered banks.
How much can you invest?
Under this scheme, any woman who is a resident of India can invest a minimum of Rs 1,000 and a maximum of Rs 2 lakh. After a period of 2 years, the entire principal and interest is returned. After 1 year, the account holder can withdraw up to 40% of the amount.
Terms of Mahila Samman Yojana
The account can be closed prematurely in conditions like serious illness or death of the account holder. If the account holder closes the account after 6 months, the interest rate may be reduced.
You can invest till March 31, 2025
The government has not announced any extension of the MSSC scheme. In such a situation, it is necessary to invest by March 31, 2025. This is an excellent investment option for women with a safe and high interest rate.
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