The government runs many schemes to empower women financially. One of those schemes is the Mahila Samman Savings Certificate. This is a deposit scheme in which women can invest their money for two years and take advantage of better interest rates. Currently, interest is being given at the rate of 7.5 percent in this scheme. If you also want to invest in this scheme, then get this work done quickly. You have the opportunity to invest only till 31 March 2025.

Benefits of the Mahila Samman Savings Certificate Scheme

Mahila Samman Savings Certificate Scheme is like a fixed deposit scheme. This is a one-time deposit scheme. In this, your money will be safe and you will get guaranteed returns on it.
If we compare the interest rate of Mahila Samman Bachat Patra Yojana with other small savings schemes with a tenure of two years, then it looks better than many schemes.

This scheme matures after two years only. Your money will not be stuck in it for a long time. If needed, you can also make a partial withdrawal.

There is no age limit in this, investment can be made in this scheme in the name of a girl or woman of any age.

How much will you get on investing Rs 2 lakh?

Women can invest in this scheme from Rs 1,000 to a maximum of Rs 2,00,000. The amount is deposited for two years, after which the amount along with interest is returned to the women on maturity. According to the MSSC Calculator, if a woman deposits ₹ 2,00,000 in this scheme, then at the rate of 7.5% she will get Rs 32,044 as interest. In this case, the maturity amount after two years will be Rs 2,32,044.

On the other hand, if she invests Rs 1,50,000, she will get Rs 1,74,033 after two years. In this case, she will get Rs 24,033 only as interest. If she invests Rs 1,00,000, then at the time of maturity she will get Rs 1,16,022 as per the rate of interest of 7.5% and if she invests Rs 50,000, she will get Rs 8011 as interest in two years and thus she will get total of Rs 58,011 on maturity.

Facility of partial withdrawal after one year

According to the rules, the Mahila Samman Savings Certificate Scheme matures in 2 years, but you get the facility of partial withdrawal after the completion of 1 year. If needed, you can withdraw up to 40 percent of the amount after 1 year. Suppose you have deposited Rs 2 lakh in this scheme, then after one year you can withdraw Rs 80 thousand.

Open an account like this.

If you also want to invest in the Mahila Samman Savings Certificate Scheme, then you can open an account in the post office. You can open a guardian account in the name of a minor girl. While opening an account, you will need KYC documents like an Aadhar card, PAN card colorful photo, etc.

Disclaimer: This content has been sourced and edited from ZEE Business Hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.