If you are a woman then this article is for you. Time is running out to invest in the Mahila Samman Saving Certificate (MSSC) scheme. The government hasn’t announced any extension for this investment opportunity yet. Women have until March 31, 2025, to invest in this post office-operated scheme. If you haven’t jumped in yet, you still have time until March 2025, but after that, the scheme might close, or the government could choose to extend it.

 

This scheme is a great option for women!

Launched on March 31, 2023, as part of the Amrit Mahotsav of Independence, the MSSC (Mahila Samman Savings Certificate) scheme is designed specifically for women and girls and will run for two years. Its goal is to empower women financially and promote their independence. The scheme also features a maturity period of two years.

 

What’s the interest rate?

Any woman in the country can invest in this scheme for two years, and it offers a solid interest rate. The MSSC provides an annual interest rate of 7.5%, which is higher than what you’d get from a typical two-year bank fixed deposit. Plus, it’s a secure option since it’s backed by the government. You can easily open an account at post offices or registered banks.

 

How much can you invest?

Under this scheme, any Indian woman can invest a minimum of Rs 1,000 and a maximum of Rs 2 lakh. After two years, you’ll get back your full principal along with the interest. Additionally, after one year, you can withdraw up to 40% of the amount.

 

What are the terms of the Mahila Samman Yojana?

You can close your account early in cases like serious illness or the account holder’s death. However, if you decide to close the account after six months, the interest rate may be reduced.

 

Make sure to invest by March 31, 2025

Since the government hasn’t announced any plans to extend the MSSC scheme, it’s crucial to invest before the deadline. This is a fantastic investment choice for women, offering both safety and a high interest rate.

 

Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.