Mahila Samman Savings Certificate

In the Budget 2023-2024, the Government announced the Mahila Samman Savings Certificate -a new small savings scheme for women investors.

Salient Features of MSSC

  • Government-Backed: It is a small savings scheme backed by the government. Hence, it does not have any credit risk.
  • Eligibility: The Mahila Samman Savings Certificate can be done only in the name of a girl child or woman.
  • Interest Rate: This scheme will give a fixed interest rate of 7.5%, much higher than most bank Fixed Deposits (FDs) and other popular small savings schemes.
  • Deposit Limits: The maximum deposit amount under the Mahila Samman Savings Certificate is Rs.2 ....
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