MSSC: To strengthen women’s financial independence, the government introduced the Mahila Samman Saving Scheme (MSSC) two years back. The final date for investing in this saving plan is 31 March 2025.
The government has not made any announcement regarding an extension for this scheme, so it is essential to invest by 31 March 2025. This savings plan earns interest at a rate of 7.5% annually. By seizing this chance, you can invest under your wife’s name and receive assured returns. By investing funds in the Mahila Samman Saving Scheme (MSSC) under your wife’s name for a duration of 2 years, you will get Rs 232044.33 upon maturity, which occurs after 2 years. In other words, you will receive a guaranteed return of Rs 32044.33. At present, no savings plan exists that offers superior returns than this within a two-year lock-in period. You can take advantage of this benefit until March 31.
Why put money in?
Specialists assert that MSSS provides a secure and dependable savings choice with assured returns.
Women seeking short-term investment opportunities with favorable returns should consider utilizing this scheme.
Support from the government provides an additional level of protection.
Furthermore, the plan permits flexibility with partial withdrawals.
Features
Duration of investment: Two years
Investment range: Minimum Rs 1,000, maximum Rs 200,000
Eligibility: Women who are 18 years old or older, or guardians of underage girls.
Withdrawal option: 40% partial withdrawal permitted after one year
Security: Supported by the Government, promising assured returns.
Tax: The interest accrued is subject to taxation, but there is no tax deducted at source (TDS).