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2 years, but after 1 year from the date of opening the account, 40 percent of the amount invested in this scheme can be withdrawn if needed.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.
