MSSC Scheme: Secure Your Future with This Exclusive Women’s Savings Plan

MSSC Scheme: in 2023, the Modi Government launched the Mahila Samman Saving Certificate (MSSC) scheme to encourage women to save money and become financially independent. This short-term investment plan offers high-interest returns and is available to all women, including minors under the guardianship of parents.

If you are looking for a secure and high-yield savings option, this scheme is an excellent choice. Let’s explore the details of this government-backed savings scheme.

Key Features of Mahila Samman Saving Certificate

Launched in 2023 by the Government of India
Encourages financial savings and security for women
Available for women and girls (minors can apply under guardianship)
Safe investment with a fixed high-interest rate

How Popular Is This Scheme?

Within just two months of its launch, over 5 lakh accounts were opened under this scheme, highlighting its immense popularity among Indian women.

Investment Limits in Mahila Samman Saving Certificate

Minimum Investment: ₹1,000
Maximum Investment: ₹2,00,000
Multiple Accounts Allowed: Yes, but the total investment across all accounts cannot exceed ₹2 lakh.
Gap Between Two Accounts: There must be a minimum of 3 months between opening two accounts.

Interest Rate on Mahila Samman Saving Certificate

Women investing in this scheme will earn a 7.50% compound interest annually.
This interest rate is higher than many other savings schemes, making it a profitable and secure investment.

Who Can Open an Account?

Any Indian woman can open an MSSC account.
Girls below 18 years can also have an account, but under the supervision of their parents or guardians.

How to Open a Mahila Samman Saving Certificate Account?

Women can open an MSSC account by visiting any authorized bank or post office. The process is simple and requires filling out a basic application form along with KYC verification.

Documents Required for Mahila Samman Saving Certificate

Aadhaar Card
PAN Card
Passport-size Photograph
Duly filled application form

When Can You Withdraw Money?

Partial withdrawal is allowed after one year of investment.
The full amount, along with interest, can be withdrawn after the two-year maturity period.

The Mahila Samman Saving Certificate is a fantastic savings option for women looking to invest safely with high returns. With 7.50% compound interest, a flexible deposit limit, and easy withdrawal options, this scheme is an ideal choice for women planning their financial future.