Modi Government’s Scheme Offers 7.5% Interest – Start with Just Rs1000!

Key Highlights:

✅ 7.5% interest rate, compounded quarterly
✅ Minimum deposit ₹1000, maximum ₹2 lakh
✅ Partial withdrawal and premature closure allowed
✅ Open multiple accounts, subject to conditions

Mahila Samman Savings Certificate (MSSC) – A Special Scheme for Women

The Narendra Modi government has launched several initiatives to empower women financially. One such scheme is the Mahila Samman Savings Certificate (MSSC), designed exclusively for women and minor girls. Over 45 lakh accounts have already been opened under this initiative.

Features & Benefits of MSSC

✔️ High Interest Rate – Earn 7.5% per annum, compounded quarterly.
✔️ Flexible Investment – Start with ₹1000, up to a maximum of ₹2 lakh.
✔️ Short-Term Lock-in – 2-year maturity period for quick returns.
✔️ Partial Withdrawal – Up to 40% withdrawal allowed after 1 year.
✔️ Premature Closure – Allowed in cases of compassionate grounds.
✔️ Multiple Accounts – Open more than one account, with a 3-month gap between openings.
✔️ Nomination Facility – Up to 4 nominees can be added per account.

Who Can Open an Account?

✅ Any woman can open an MSSC account.
✅ Parents/guardians can open accounts for minor girls.
✅ Multiple accounts allowed, but total deposits cannot exceed ₹2 lakh.

Documents Required for MSSC Account

📌 Aadhaar Card
📌 PAN Card
📌 Passport-size photo
📌 Address proof (Passport/Utility bill as an alternative)

Why Should You Invest in MSSC?

📈 Higher returns compared to regular savings accounts
💰 Safe investment backed by the government
🕒 Short tenure of 2 years for quicker maturity
🎯 Ideal for women and girls looking for secure savings options

💡 Want to apply for MSSC? Visit your nearest post office or bank today!