Mahila Samman Savings Certificates: Has The government Prolonged The Deadline For The Scheme That Helps Girls Earn?
The government scheme 'Mahila Samman savings certificates,' created through the authorities to promote girls' empowerment, has been officially discontinued from march 31, 2025, which means that no deposits or investments may be familiar under this scheme now.
The branch of monetary affairs (DEA) of the Ministry of Finance has officially announced via a reliable letter dated march 27, 2025, that the 'Mahila Samman savings certificates' (MSSC) scheme will no longer continue past march 31, 2025. Mahila Samman savings certificate
The branch of Posts stated 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 in step with the existing recommendations and notifications associated with 'Mahila Samman financial savings certificate' (MSSC), this scheme can be powerful only until 31 march 2025. After this date, no new deposits can be well-known underneath the scheme.
What's going to be the effect of now not having MSSC?
'Mahila Samman financial savings certificates' is now closed for investment; now you need to search for any other government scheme for investment. At the same time, ladies who have invested in this scheme get 7.5% interest. Now no account can be opened underneath this scheme.
The minimum quantity of funding on this scheme became Rs 1 thousand, and the maximum investment amount changed into Rs 2 lakh per individual. This scheme is exclusively to be had for ladies and female traders. It became.
You could put money into it.
As we've informed you, the government has closed this scheme. Now no one can open a new account in it, but other than this scheme, you can invest in these schemes run with the aid of the authorities. Included in that is the public Provident Fund (PPF). That is a funding with tax-loose interest and a period of 15 years. In this scheme, you get an interest of 7.1%. The second scheme is the sukanya Samriddhi Yojana (SSY). This scheme is designed for ladies; this scheme provides high interest rates and tax advantages. This scheme currently provides an 8.2% interest rate.
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