Post Office Scheme for Women: MSSC was announced by Finance Minister Nirmala Sitharaman in last year’s budget, after which the scheme was started from April 1, 2023. After the launch of the scheme, Union Minister Smriti Irani also invested in it last year. Know the special features of this scheme.
MSSC Post Office Scheme: To promote women empowerment and encourage women to invest, the Government of India runs the Mahila Samman Savings Certificate (MSSC) scheme. This scheme was announced by Finance Minister Nirmala Sitharaman in last year’s budget, after which the scheme was started from April 1, 2023. Union Minister Smriti Irani has also invested in this scheme started for women. After the launch of the scheme, Smriti Irani had opened her Mahila Samman Savings Certificate account at the main post office located at Sansad Marg in Delhi.
Investment can be made in MSSC scheme for a maximum of two years. Women can invest from Rs 1,000 to Rs 2,00,000 in this. At present, interest is being given at the rate of 7.5 percent. If you also want to take advantage of this scheme, then you have this opportunity till 31 March 2025. Meaning, if you open an account and invest in it till this date, you can avail the benefits of this scheme. Know the special things related to the scheme-
Benefits of Mahila Samman Savings Certificate Scheme
- Mahila Samman Bachat Patra Yojana is like a fixed deposit scheme. This is a one time deposit scheme.
- If we compare the interest rate of Mahila Samman Bachat Patra Yojana with other small savings schemes, it still appears better than many schemes. Even compared to National Savings Certificate, Public Provident Fund, Monthly Income Scheme, the interest rate of Mahila Samman Bachat Patra Yojana is quite attractive.
- New interest rates for all the small savings schemes running in India are announced before every quarter, but it will not have any impact on Mahila Samman Savings Patra. In this you will get guaranteed return of 7.5 percent.
- In this scheme it matures only after two years. Your money will not be stuck in it for too long. If needed, you can also do partial withdrawal.
- There is no age restriction, this scheme can be invested in the name of a girl or woman of any age.
Open an account like this
If you also want to invest in Mahila Samman Savings Certificate Scheme, then you can open an account in the post office. Guardian account can be opened in the name of a minor girl. While opening an account, you will need KYC documents like Aadhar card, PAN card and colorful photo etc.
Partial withdrawal facility after one year
According to the rules, after completion of 1 year in Mahila Samman Savings Certificate Scheme, you get permission for partial withdrawal. In such a situation, you can withdraw up to 40 percent of the deposited money. That means, if you have deposited Rs 2 lakh, then after one year you can withdraw Rs 80 thousand.
How much benefit will you get on how much deposit?
According to the Mahila Samman Saving Certificate Scheme calculator, if women invest Rs 50,000 in this scheme, then they will get Rs 8011 as interest in two years and thus a total of Rs 58,011 will be received on maturity. . If you invest Rs 1,00,000, you will get Rs 1,16,022 at the time of maturity at 7.5 percent interest rate.
If you deposit Rs 1,50,000 then you will get Rs 1,74,033 after two years i.e. Rs 24,033 you will get only interest and if you invest Rs 2,00,000 in this scheme then you will get 7.5 percent interest on the invested amount after two years. Rs 32,044 will be received as interest. In this way, a total of Rs 2,32,044 will be received on maturity.
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