Mahila Samman Savings Certificate: Who can invest; interest, investment limit, and more
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Mahila Samman Savings Certificate
Finance Minister Nirmala Sitharaman announced a one-time small savings scheme — the Mahila Samman Savings Certificate (MSSC) — for women investors in Budget 2023.
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Who can invest?
Through the Mahila Samman Savings Certificate, individuals can make deposits in the name of a woman or a girl child.
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What is the maximum limit?
The maximum investment limit is Rs 2 lakh and investors can earn a fixed interest rate of 7.5 per cent under this scheme.
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One-time scheme
Do note that this is a one-time scheme, and it will remain available for two years — i.e., up to March 2025.
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Key features we know so far
- Backed by the central government.
- Partial withdrawal option is available.
- Partial withdrawal option is available.
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Need more details
We need to get more clarity on how the interest will be calculated and how tax and tax deducted at source (TDS) will be applicable to the scheme.