Mahila Samman Savings Certificate: Has the government extended the deadline for the scheme that helps women earn?

Mahila Samman Savings Certificate: Has the government extended the deadline for the scheme that helps women earn? Newspoint | 05/04/2025 00:39:16

The government scheme 'Mahila Samman Savings Certificate', created by the government to promote women's empowerment, has been officially discontinued from March 31, 2025. This means that no deposits or investments will be accepted under this scheme now. The Department of Economic Affairs (DEA) of the Ministry of Finance has formally announced through an official letter dated March 27, 2025, that the 'Mahila Samman Savings Certificate' (MSSC) scheme will not continue beyond March 31, 2025. Mahila Samman Savings Certificate

The Department of Posts said through SB Order on 28 March 2025 that “The Ministry of Finance has informed through letter number 141112019- NS-Part (1) dated 27.03.2025 that as per the existing guidelines and notifications related to 'Mahila Samman Savings Certificate' (MSSC), this scheme will be effective only till 31 March 2025. After this date, no new deposits will be accepted under the scheme.

What will be the effect of not having MSSC?

'Mahila Samman Savings Certificate' is now closed for investment, now you have to look for another government scheme for investment. At the same time, women who have invested in this scheme will get 7.5% interest. Now no account can be opened under this scheme.

The minimum amount of investment in this scheme was Rs 1 thousand and the maximum investment amount was Rs 2 lakh per person. This scheme is exclusively available for women and girl investors. It was.

You can invest in it.

As we have told you the government has closed this scheme. Now no one can open a new account in it, but apart from this scheme, you can invest in these schemes run by the government. Included in this is the Public Provident Fund (PPF). This is an investment with tax-free interest and a period of 15 years. In this scheme, you get an interest of 7.1%. The second scheme is Sukanya Samriddhi Yojana (SSY). This scheme is designed for girls, this scheme provides high interest rates and tax benefits. This scheme currently provides 8.2% interest rate.

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