MSSC Scheme: This scheme gives more returns than FD, know for how long you can invest
MSSC Scheme: Soon, the national government’s savings program for women will come to an end. The Mahila Samman Savings Certificate (MSSC) program, which was introduced in 2023, offers investors the chance to make investments until March 31, 2025. As of April 1, it will be impossible to invest in this plan. This plan was unveiled by Finance Minister Nirmala Sitharaman in the February 1, 2023, budget presentation. Nevertheless, the finance minister made no mention of extending this program in this year’s budget. As a result, this plan will end on March 31 when the post office and bank shut.
The MSSC Scheme Offers 7.5 Percent Interest
The Mahila Samman Savings Certificate Scheme offers interest rates of 7.5%. Let us inform you that ladies are now not receiving very high interest rates on any short-term savings plans. A lump sum investment of up to Rs 2 lakh may be made in this program, which matures in two years. In this plan, you may also invest a minimum of Rs 1000. You may open this plan at any bank. In addition, you may establish an MSSC account at the post office.
On MSSC, a Return that is Completely Fixed and Guaranteed will be Accessible
As the name implies, this plan exclusively allows women to establish accounts. You may establish an account in this scheme in the names of your mother, wife, sister, or daughter if you’re a guy. Since this is a government program, your investment is entirely secure. With this plan, you will get a return that is fully set and guaranteed. Remember that you have until March 31, 2025, to make an investment; after that, you won’t be allowed to do so.
