The minimum deposit amount is Rs.1,000 and the maximum deposit amount is Rs.2 lakh for an account holder across all MSSC accounts

5 things to know about Mahila Samman Saving Certificate Scheme

1.The Mahila Samman Saving Certificate is available from April 2023 to March 2025.
2.Only a woman or the guardian of a minor girl child can open this scheme.
3.The minimum deposit amount is Rs.1,000 and the maximum deposit amount is Rs.2 lakh for an account holder across all MSSC accounts.
4.The maturity period of the Mahila Samman Savings Certificate account is two years.
5.This scheme has a fixed interest rate of 7.5% per annum.

Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.

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This story originally appeared on: India Times - Author:Faqs of Insurances