MSSC: Returns on Investment for Women - Check the Calculations
The Mahila Samman Saving Certificate (MSSC) is a great investment option for women looking for a safe and high-interest savings scheme. This deposit scheme offers 7.5% interest annually, with a maturity period of two years. Here's how much women can earn on their investments:
Investment and Return Breakdown
-
Investment of ₹2,00,000
- Interest: ₹32,044
- Total on Maturity: ₹2,32,044
-
Investment of ₹1,50,000
- Interest: ₹24,033
- Total on Maturity: ₹1,74,033
-
Investment of ₹1,00,000
- Interest: ₹16,022
- Total on Maturity: ₹1,16,022
-
Investment of ₹50,000
- Interest: ₹8,011
- Total on Maturity: ₹58,011
How to Open an MSSC Account
Women of any age can invest in the Mahila Samman Savings Certificate Scheme. You can open an account at the post office or authorized banks. Guardians can open accounts in the name of minor girls. To open an account, you’ll need to submit KYC documents, such as Aadhar card, PAN card, and a passport-sized photo.
Partial Withdrawal Facility
- After one year, you can make a partial withdrawal of up to 40% of the deposited amount.
- For example, if you deposited ₹2,00,000, you can withdraw up to ₹80,000 after a year.
This scheme is a secure option for women seeking both safety and a decent return on their savings.
