Info: Mahila Samman Saving Certificate is a Lucrative Post Office Scheme for Women. The Mahila Samman Saving Certificate (MSSC) is a post office scheme specifically designed for women in India.
It is a scheme that offers a fixed maturity period of two years, making it a short-term investment option.
This government-backed scheme is known for its low-risk, high-reward nature, making it particularly attractive to middle-class and low-income families.
Read More: Top 40 banks offering highest interest rates on fixed deposits in Sept – Compare latest rates
Key Features of the MSSC:
- High-interest rate: The government offers a competitive interest rate of 7.5% per annum on MSSC investments.
- Tax benefits: Interest earned from MSSC is exempt from Tax Deducted at Source (TDS), making it a more lucrative option for investors.
- Multiple account openings: A woman can open multiple MSSC accounts in her name.
- Eligibility: Indian resident women and girls below 10 years of age can invest in the MSSC.
How to Invest in the MSSC:
To invest in the MSSC, you can visit your nearest post office. The maximum investment limit is ₹2 lakhs. Upon maturity, you will receive the principal amount along with the accrued interest. To open an account, you will need to provide your Aadhaar card, PAN card, KYC documents, and a cheque.
Mahila Samman Saving Certificate (MSSC)
The Mahila Samman Saving Certificate offers a secure and profitable investment opportunity for women in India. With its high interest rate, tax benefits, and ease of investment, it’s a compelling choice for those looking to grow their savings within a short timeframe.
