MSSC scheme was launched on April 1, 2024
The Narendra Modi government at the Center launched a savings scheme specifically for women on April 1, 2023. Only women can open accounts under this scheme called Mahila Samman Savings Certificate (MSSC). Accounts can also be opened by parents for daughters below 18 years of age under this scheme.
You will get guaranteed returns when the scheme matures
Women who open an account in this scheme are given 7.5 percent interest with government guarantee. The investment made in this scheme matures in 2 years. That means you will get guaranteed return on maturity. Let us tell you that at present, except Small Finance Bank, no regular bank is giving this much interest even on 2-year FD.
You can start investing with as little as Rs 1000
Under the Mahila Samman Savings Certificate Scheme, investment can be started with a minimum of Rs 1000. The maximum amount you can deposit in this scheme is Rs 2 lakh. Although the scheme matures in 2 years, but after 1 year from the date of opening the account, 40 percent of the amount invested in this scheme can be withdrawn if needed.
If you deposit 2 lakh rupees then how much money will you get on maturity
As we told you, you can deposit a maximum of Rs 2 lakh in this scheme and your investment will also mature in 2 years. In this sense, if Rs 2 lakh is deposited in this government scheme, then after 2 years i.e. on maturity, you will get a total of Rs 2,32,044, which includes interest of Rs 32,044.
This government scheme will end on March 31, 2025
Let us tell you that the last date of this scheme is 31 March 2025. That is, investment can be made under this scheme only till 31 March 2025. The benefit of this scheme cannot be availed from 1 April 2025.
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