The Mahila Samman Savings Certificate Scheme (MSSC) was launched by the Government of India in April 2023 as a one-time small savings scheme for women and girls. The scheme offers a fixed interest rate of 7.5% per annum for a period of two years.
The MSSC has been a popular scheme, with over 14.83 lakh accounts opened and Rs 8,630 crore mobilized as of July 2023. The scheme is open to women of all age groups, including girls, and there is no upper age limit. The minimum deposit amount is Rs 1,000 and the maximum deposit amount is Rs 2 lakh.
The MSSC is a safe and secure investment option, and it offers a competitive interest rate. The scheme is also eligible for tax benefits under Section 80C of the Income Tax Act, 1961.
If you are looking for a safe and secure investment option with a competitive interest rate, the Mahila Samman Savings Certificate Scheme is a good option to consider.
Here are the key details of the Mahila Samman Savings Certificate Scheme (MSSC):
- Name: Mahila Samman Savings Certificate Scheme
- Launched by: Government of India
- Launched in: April 2023
- Purpose: To encourage women's savings and investment
- Interest rate: 7.5% per annum
- Tenure: 2 years
- Minimum deposit: Rs. 1,000
- Maximum deposit: Rs. 2 lakh
- Tax benefits: Eligible for tax benefits under Section 80C of the Income Tax Act, 1961
- Eligibility: Open to women of all age groups, including girls
- Mode of application: Online or offline
The MSSC is a one-time scheme, which means that you can only open one account under this scheme. The interest rate is compounded quarterly, so you will earn a higher interest if you keep your money invested for the full two years.
The MSSC is a safe and secure investment option, as it is backed by the Government of India. The scheme is also eligible for tax benefits, which can help you save money on your taxes.
If you are looking for a safe and secure investment option with a competitive interest rate and tax benefits, the Mahila Samman Savings Certificate Scheme is a good option to consider.
Here are some of the benefits of investing in the MSSC:
- Safe and secure: The MSSC is backed by the Government of India, so your investment is safe.
- Competitive interest rate: The MSSC offers a competitive interest rate of 7.5% per annum.
- Tax benefits: The MSSC is eligible for tax benefits under Section 80C of the Income Tax Act, 1961.
- Easy to open an account: You can open an MSSC account online or offline.
- No upper age limit: There is no upper age limit for opening an MSSC account.
If you are looking for a safe and secure investment option with a competitive interest rate and tax benefits, the Mahila Samman Savings Certificate Scheme is a good option to consider.
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