The central government, alongside state governments, has rolled out various schemes aimed at different social classes. One notable initiative focused on women is the Mahila Samman Savings Certificate (MSSC), launched in 2023 to boost their financial independence.
This year, there’s a push in the budget to extend the MSSC’s duration, which is a fantastic opportunity for women, offering a competitive interest rate.
Only women can open accounts under this scheme, starting with just Rs 1000, and they can earn an impressive 7.5 percent interest—much higher than what’s typically available in other small savings plans. The MSSC matures in 2 years, allowing deposits of up to Rs 2 lakh. You can set up an account at any bank or even at the post office.
If you invest Rs 1 lakh, you are assured of earning Rs 16,000 in interest
For men, it’s possible to open an account under this scheme in their wife’s name. By depositing just 1 lakh rupees, your wife will receive a total of Rs 1,16,022 upon maturity after 2 years, which includes Rs 16,022 as interest. The Mahila Samman Savings Certificate Scheme is entirely secure, with no associated risks. It’s important to note that this scheme offers guaranteed returns backed by the government.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
Sweta Mitra
Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...
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