Mahila Samman Savings Certificate: Has Budget 2025 proposed extension beyond the deadline of March 31, 2025?
Mahila Samman Savings Certificate in Union Budget 2025. The scheme is scheduled to end on March 31, 2025. Women investors have time till March 2025 to invest in the scheme.
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The Mahila Samman Savings Certificate (MSSC) was announced in Union Budget 2023 on March 31, 2023. It is a small savings scheme for women and girls in India. The scheme was launched to commemorate the Azadi ka Amrit Mahotsav. The scheme was valid for a two-year period till March 31, 2025.
The scheme offers an interest rate of 7.5% per annum, which is higher than the interest rate currently offered by banks offering fixed deposits on a two year tenure.
Mahila Samman Savings Certificate (MSSC) FAQ
1. What is the Mahila Samman Savings Certificate (MSSC)?
The Mahila Samman Savings Certificate is a government-backed small savings scheme introduced specifically for women and girls. It offers a safe investment option with assured returns and encourages financial inclusion among women.
2. Who can invest in MSSC?
Any woman or girl can open an MSSC account in her name. A guardian can open the account on behalf of a minor girl.
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