Sunday, December 8, 2024

MSSC: From today women will be able to invest in this scheme, know how much will be the return and what will be the benefits

While presenting the budget on February 1, Finance Minister Nirmala Sitharaman announced a new scheme for women, Mahila Samman Bachat Patra Yojana. Know here all the benefits of this scheme.

While presenting the budget on February 1, Finance Minister Nirmala Sitharaman announced a new scheme Mahila Samman Bachat Patra Yojana (Mahila Samman Saving Certificate-MSSC) for women. This scheme was to be started from the new financial year. Today the new financial year has started, which means now women can also take advantage of this scheme. Let us tell you how Mahila Samman Bachat Patra Yojana can prove beneficial for women.

Know what is MSSC scheme

Mahila Samman Bachat Patra Yojana is a one time investment scheme. But the interest earned on this has made this scheme attractive. In MSSC, women will get interested at the rate of 7.5 percent. This scheme is like a fixed deposit scheme. A girl or woman of any age can invest in this. Although the investment limit is only Rs 2 lakh, that means women cannot invest more than Rs 2 lakh in this scheme.

A better option than post office FD

At present, interest is being received at the rate of 7 percent on a five-year FD in the post office, while interest is being received at a rate of 6.8 percent on a two-year FD. In such a situation, Mahila Samman Savings Letter Scheme is a much more profitable deal. It is giving interest up to 7.5 percent in two years. Apart from this, the second advantage is that you do not get the facility of partial withdrawal in Fixed Deposit, but women will get this option in Mahila Samman Savings Letter.

These are its advantages

Although there are some drawbacks of MSSC along with the benefits, such as- the interest in this scheme is good, the limit of investment amount has been fixed up to Rs 2 lakh, which means if a woman wants to invest more money in it Sakti Apart from this, it will be a two-year saving scheme, which can be availed till 2025, that is, you can invest in this scheme only till 2025. Apart from this, whether the interest received on this will be tax-free or not, is not completely clear yet.

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