Mahila Samman Savings Certificate Scheme: Deposit money in this scheme in the name of your wife, you will get good interest

Mahila Samman Savings Certificate Scheme: Numerous savings plans are offered by the national government to various regions of the nation. In this episode, the federal government is also offering unique programs for women that allow them to invest and earn enormous interest. You may also benefit from this plan if you are married. Yes, the Mahila Samman Savings Certificate (MSSC) is what we are discussing. Let us inform you that this program was initiated in 2023 by the administration of Prime Minister Narendra Modi. Under this program, accounts may only be opened by women.

You may deposit a minimum of Rs 1000 and a maximum of Rs 2 lakh

Interest rates on MSSC are 7.5 percent. You may deposit a minimum of Rs 1000 and a maximum of Rs 2 lakh under this plan. In two years, this plan will mature. However, after a year from the account starting date, you are able to withdraw 40% of the qualified sum. You may establish a Mahila Samman Savings Certificate account in your wife’s name at any bank or post office under this program.

Get ₹32,000 in interest when you deposit ₹2 lakh

The maximum amount you may deposit under the Mahila Samman Savings Certificate Scheme is Rs 2 lakh. You would get 7.5 percent interest on any deposit, even if it is just Rs 2 lakh. This means that your wife will get Rs 2,32,044.00 in total when she reaches adulthood. In other words, your wife would get a total interest of Rs 32,044 on a Rs 2 lakh account.

You may establish an account in your mother’s or daughter’s name

You may also invest in the Mahila Samman Savings Certificate Scheme in your mother’s name if you are not yet married. In addition, you may invest in your daughter’s name if you have one.