Business News Desk – Women often want to invest their savings in such places where their money is safe and gets good interest. Mahila Samman Savings Certificate (MSSC) can prove to be a great option. This is a government deposit scheme, in which interest is being given at the rate of 7.5%. Women can deposit money in this scheme for up to two years. However, let us tell you that you can invest in Mahila Samman Savings Certificate only till 31 March 2025. Let us know how much return you will get by investing ₹50,000, ₹1,00,000, ₹1,50,000 and ₹2,00,000 in this scheme.
How much profit will you get by investing Rs 2,00,000?
If you invest ₹ 2,00,000 in MSSC, then according to the MSSC calculator, you will get interest of ₹ 32,044 after two years. In this way you will get a total of ₹ 2,32,044 on maturity.
Return on investment of Rs 1,50,000
An investment of ₹1,50,000 will yield interest of ₹24,033 in two years. In this way you will get a total of ₹ 1,74,033 on maturity.
Return on investment of ₹1,00,000
By depositing ₹1,00,000, you will get interest of ₹16,022 after two years. In this way, a total of ₹ 1,16,022 will be paid on maturity.
Return on investment of ₹50,000
If you invest ₹50,000, you will get interest of ₹8,011 after two years. In this way, you will get a total of ₹ 58,011 on maturity.
Where and how to open an account?
To open an account in Mahila Samman Savings Certificate Scheme, you can go to post office or authorized banks. Women of any age can invest in this scheme. Also, the guardian can open an account in the name of the minor girl. To open an account, you will need documents like Aadhar card, PAN card and color photograph.
Partial withdrawal facility after one year
As per the rules of Mahila Samman Savings Certificate Scheme, partial withdrawal is allowed after one year of account opening. You can withdraw up to 40% of the deposited amount. For example, if you have invested ₹2,00,000, you can withdraw up to ₹80,000 after one year.
