Saturday, October 5, 2024
HomePersonal FinanceMSSC: How much money will you get on maturity by depositing Rs...

MSSC: How much money will you get on maturity by depositing Rs 2 lakh in MSSC scheme – check calculation

Women who open accounts under this scheme are given 7.5 percent interest with government guarantee. Investment made in this scheme matures in 2 years. That means you will get guaranteed returns on maturity.

The Narendra Modi government at the Center launched a savings scheme for women on April 1, 2023. Only women’s accounts can be opened in this scheme named Mahila Samman Savings Certificate (MSSC). In this scheme, accounts of daughters below 18 years of age can also be opened by parents.

Guaranteed return will be available when the scheme matures

Women opening accounts in this scheme are given 7.5 percent interest with government guarantee. The investment made in this scheme matures in 2 years. That is, 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 at least Rs 1000

Under the Mahila Samman Savings Certificate Scheme, investment can be started with at least Rs 1000. You can deposit a maximum of Rs 2 lakh in this scheme. 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2 years, but after 1 year from the date of opening the account, 40 percent of the amount invested in this scheme can be withdrawn if needed.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 Rs 2 lakh, how much money will you get on maturity

As we told you that 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 be closed on March 31, 2025

Let us tell you that the last date of this scheme is March 31, 2025. That is, investment can be made under this scheme only till March 31, 2025. The benefit of this scheme will not be available from April 1, 2025.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments