Best saving schemes for Women: The central government offers several savings schemes for different sections of society. Among these, some special schemes are designed specifically for women, allowing them to earn high interest through investments. If you are married, you can also benefit from one such scheme.
Yes, we are talking about the Mahila Samman Savings Certificate (MSSC). This scheme was launched by the government of PM Narendra Modi in 2023. Under this scheme, accounts can only be opened in the name of women.
You can deposit a minimum of Rs 1,000 and a maximum of Rs 2 lakh in your wife’s name. By investing Rs 2 lakh, you can earn a guaranteed interest of Rs 32,000. Keep reading for complete guidance on how to take advantage of this scheme.
Minimum and Maximum Deposit in MSSC
The Mahila Samman Savings Certificate (MSSC) offers an interest rate of 7.5%. You can deposit a minimum of Rs 1,000 and a maximum of Rs 2 lakh under this scheme. The scheme matures in 2 years. After 1 year from the date of opening the account, you can withdraw 40% of the eligible balance. You can open an MSSC account in the name of your wife at any bank or post office.
Hurry up! 31st march 2025 is the last date to avail the benefits of Mahila Samman Savings Certificate! For more details, visit https://t.co/iaFV1DpgbY#MSSC #IndiaPost #MahilaSamman pic.twitter.com/43IPArjFKQ
— India Post (@IndiaPostOffice) January 4, 2025
Deposit Rs 2 Lakh and Earn Guaranteed Interest of Rs 32,000
Under the Mahila Samman Savings Certificate Scheme, the maximum deposit allowed is Rs 2 lakh. Even with the full Rs 2 lakh deposit, you will earn an interest rate of 7.5%. On maturity, your wife will receive a total of Rs 2,32,044, which includes Rs 32,044 as interest on the Rs 2 lakh deposit.
Account Can Be Opened in the Name of the Mother or Daughter
If you are not married, you can still invest in the Mahila Samman Savings Certificate Scheme in the name of your mother. Additionally, if you have a daughter, you can also open an account in her name.
