MSSC- If you want to become a millionaire, then invest in this scheme today, know the full details

As we told you in our earlier article the Indian Central Government runs various schemes for the economically weaker people of the country, in this context, many schemes have been started for the development of women, one such scheme is the Mahila Samman Savings Certificate Scheme which was started in 2023, this scheme provides women a safe and beneficial way to invest their savings. Let's know about this scheme-

Attractive interest rate: This scheme offers a competitive interest rate of 7.5%. This means that your money grows at a higher rate than many other savings options.

Short-term investment: You can invest in this scheme for a fixed period of two years, making it a flexible option for short-term financial planning.

Investment limit: The maximum investment allowed under this scheme is Rs 2 lakh. This provides ample opportunity for significant savings growth while staying within a manageable investment limit.

Tax benefits: A special feature of the Mahila Samman Savings Certificate Scheme is that it offers tax benefits, which can help you maximize your savings.

TDS exemption: Investment in this scheme is also free from TDS (tax deduction at source) deduction, which adds another layer of financial benefit.

Estimated returns: If you invest Rs 2 lakh at the current interest rate of 7.5% for two years, you can get a return of around Rs 31,125, making it an attractive option to grow your savings.