The Narendra Modi government introduced a special savings scheme for women on April 1, 2023, called the Mahila Samman Savings Certificate (MSSC). Under this scheme, only women can open accounts. Parents can also open accounts for their daughters under 18 years of age. n this article, we will share all the details about the maturity amount for a Rs 2 lakh investment in the MSSC scheme.
Guaranteed Returns with High Interest Rates
Women opening accounts under the Mahila Samman Savings Certificate scheme are offered a 7.5% interest rate with a government guarantee. The scheme has a maturity period of 2 years, ensuring guaranteed returns. Currently, no regular bank, except Small Finance Banks, offers such a high interest rate on 2-year FDs.
Start Investing with Just Rs 1,000
Under this scheme, you can start investing with a minimum of Rs 1,000. The maximum deposit limit is Rs 2 lakh. Although the scheme matures in 2 years, you can withdraw 40% of the deposited amount after 1 year if needed.
Announced in the Union Budget 2023, the Mahila Samman Savings Certificate is a new, one-time small savings scheme for women and girls.#mahilasammansavingscertificate #savingsscheme #unionbudgethttps://t.co/wS7zvuCh03
— News18 (@CNNnews18) January 8, 2025
Maturity Amount for a Rs 2 Lakh Deposit
If you deposit Rs 2 lakh in this government scheme, your investment will mature in 2 years. On maturity, you will receive a total of Rs 2,32,044, which includes an interest of Rs 32,044.
Scheme Valid Until March 31, 2025
The Mahila Samman Savings Certificate scheme will be open for investments until March 31, 2025. From April 1, 2025, this scheme will no longer be available for new investments.