This government scheme is powerful for women, they will get 7.5% interest along with tax exemption.

New Delhi: Mahila Samman Savings Certificate (MSSC) Scheme is a special savings scheme for women created by the Government of India. Its objective is to provide financial freedom and security to women. Under this scheme, women can easily save and invest money. It also includes attractive interest rates and tax benefits. This makes the plan an excellent option for women.

objective of the plan
Mahila Samman Savings Certificate (MSSC) scheme is specially designed for women. Its objective is to encourage women to save and invest.

investment period
You can invest in this scheme till March 2025. The investment period is two years.

investment amount
Women can invest a maximum of Rs 2 lakh in this scheme. A minimum deposit of Rs 1,000 is required in the account.

interest rate
The interest rate on this scheme is 7.5 percent. Interest is compounded quarterly.

Interest and maturity
If a woman invests Rs 2 lakh, she will get a total interest of Rs 32,044 after 2 years. The total amount on maturity will be Rs 2,32,044.

withdrawal rule
Women can withdraw 40 percent of the amount after one year of investment. If a person closes the account prematurely, he will get interest at the rate of 5.5 percent.

tax benefit
By investing in this scheme, you get tax exemption under Section 80C of Income Tax. This benefit helps financially.

nominated provision
If the account holder dies, the nominee can claim the accumulated capital. This is an important security measure.

Account opening process
To get Mahila Samman Savings Certificate, you will have to go to the nearest post office or bank. There you will have to fill a form. After this you will be given a certificate.

certificate security
You have to keep this certificate safe for 2 years.

multiple accounts
Multiple accounts can also be opened in this scheme. But the second account can be opened only after three months of opening the first account.

total deposit amount
The total amount deposited in all the accounts of an individual cannot exceed Rs 2 lakh.

Investment process made easy
This scheme makes the investment process easier for women. Women can protect and grow their wealth easily.

It is noteworthy that Mahila Samman Savings Certificate Scheme is a good opportunity for women. It helps them move towards financial independence. Women can strengthen their financial position in future by taking advantage of this scheme.