Mahila Samman Saving Certificate: Finance Minister Nirmala Sitharaman has not made any announcement in the budget regarding furthering the Mahila Samman Saving Certificate (MSSC) scheme. Now it has been decided that the last date to invest in Mahila Samman Certificate is 31 March 2025
Mahila Samman Saving Certificate: Finance Minister Nirmala Sitharaman has not made any announcement in the budget regarding the furtherance of Mahila Samman Saving Certificate (MSSC) scheme. Now it has been decided that the last date to invest in Mahila Samman Certificate is 31 March 2025. Women who have not yet invested in this scheme have time till March 2025.
The government had started the scheme for women
MSSC scheme The Government of India had launched a scheme for women and girls under small savings. The scheme was launched on 31 March 2023. The scheme was implemented for a period of two years on the occasion of Azadi Ka Amrit Mahotsav. This scheme was brought with the aim of making women financially strong and giving them financial independence. The biggest feature of this scheme is that it gives an annual interest of 7.5%. This was more interest than the 2-year FD being given in banks.
You can invest this much money
Under this scheme, any woman or girl can invest money from Rs 1,000 to Rs 2,00,000. These accounts can be easily opened in post offices and registered banks. Those who invest in MSSC get the entire principal and interest back after 2 years of maturity. The special thing is that after completion of 1 year, the account holder can withdraw up to 40% of his deposited money. This is an excellent option for those women who are looking for a safe and high return option.
Rules of Mahila Samman Yojana
If for some reason the account holder needs money in the middle, then in some special circumstances the account can be closed before time. If the account holder dies, the account can be closed at the time of any serious medical emergency. However, if someone wants to close the account even after 6 months of opening the account, then the interest rate can be reduced.
You can invest till 31 March 2025
The government has not announced any extension of the MSSC scheme. In such a situation, it is very important to invest before 31 March 2025. This is the last chance to take advantage of the attractive interest rate of 7.5%. Women who have not yet invested in this scheme should open an account at their nearest post office or bank as soon as possible.
