Along with the state governments, the central government also runs various schemes for people of different classes. In this context, the Central Government is also running many schemes keeping in mind the interests of women. To make women financially empowering, the government has launched a small savings scheme in the year 2023. The name of this savings scheme is – Women’s Honor Savings letter (MSSC). There has been a demand to extend the MSSC period in the budget to be presented this year. Actually, this is a great scheme for women, in which they get quite good interest.
Features of Women’s Honor Savings Letter:
- For women only: Only women account can be opened under this scheme.
- More interest rate: Under this scheme, women are getting heavy interest of 7.5 percent, which women do not get under any fixed income small savings scheme.
- Minimum deposit amount: This scheme can be opened with a minimum of Rs 1000.
- Maximum deposit amount: You can deposit a maximum of Rs 2 lakh in it.
- Deposes period: Women’s Honor Savings Certificate Scheme matures in 2 years.
- Where to open an account: If you want, you can open an account under the Women’s Honor Savings Certificate Scheme in any bank. Apart from this, you can also open an MSSC account in the post office.
Interest Rate and Maturity amount:
If you deposit only 1 lakh rupees in this scheme, then after 2 years you will get a total of Rs 1,16,022 on maturity. Of which only Rs 16,022 includes interest.
Security and Guarantee:
The Women’s Honor Savings Certificate Scheme is completely safe and there is no risk. Let us tell you that in this scheme you get a completely fixed return with government guarantee.
