There is now less time left to invest in the Women’s Honor Saving Certificate (MSSC) scheme run by the post office. The government has not yet extended the time of investment in the Women’s Honor Saving Certificate (MSSC) scheme.
The last day of investing in this scheme for women operated under the post office is 31 March 2025. Women who have not yet invested in this scheme have time till March 2025. Then this scheme can also be closed or the government may also decide to increase it.
Better plan is for women!
The Government of India launched the MSSC (Women’s Honor Savings Certificate) Scheme for women and girls on 31 March 2023 under the Amrit Festival of Independence and was implemented for two years. The purpose of this scheme is to empower women financially and give them financial freedom. A 2 -year maturity period has also been given under this scheme.
How much interest is you get?
Any woman in the country can invest in this scheme for 2 years. Strong interest is also given under this scheme. The MSSC scheme is paid 7.5% annually, which is more than 2 years of FD of banks. This is a safe scheme, because it is operated by the government. Under this, the account can be easily opened in post office or register banks.
How much can you invest
Under this scheme, any woman, who is a resident of India, can invest a minimum of Rs 1,000 and a maximum of Rs 2 lakh. After a period of 2 years, the entire principal and interest is returned. After 1 year, account holders can withdraw up to 40%.
Conditions of Mahila Samman Yojana
Accounts in conditions like serious illness or death of account holders can be closed prematurely. If the account holder closes the account after 6 months, the interest rate may be cut.
You can invest till 31 March 2025
The government has not announced to carry forward the MSSC scheme. In such a situation, it is necessary to invest by 31 March 2025. This is a best investment option for women with safe and high interest rates.
