MSSC: What maturity amount will you get by investing Rs 75,000, Rs 1,50,000, Rs 2,00,000 in this women-centric scheme
MSSC Scheme: Women often prefer investing their savings in places where their money is secure and yields a good return. For this, there are various government schemes that not only encourage savings and investment but also foster economic independence among women. One of these is the Mahila Samman Saving Certificate (MSSC).
MSSC Interest Rate and Time Period
This deposit scheme offers an interest rate of 7.5 per cent, and women can invest in it for a period of two years.
What Return Can You Expect by Investing Rs 75,000, Rs 1,50,000, and Rs 2,00,000?
In this write-up, we will explain the returns you can expect by investing Rs 75,000, Rs 1,50,000, and Rs 2,00,000 in this women-centric scheme.
What Estimated Interest Will You Get by Investing Rs 75,000?
According to the MSSC calculator, if you invest Rs 75,000 in this scheme, you will earn approximately Rs 12,017 in interest at an annual rate of 7.5 percent.
What Maturity Amount Will You Get by Investing Rs 75,000?
At the end of two years, your total maturity amount will be Rs 87,017.
What Estimated Interest Will You Get by Investing Rs 1,50,000?
According to the calculator, if you invest Rs 1,50,000 in this scheme, you will earn Rs 24,033 in interest at an annual rate of 7.5 per cent.
What Maturity Amount Will You Get by Investing Rs 1,50,000?
At the end of two years, your total maturity amount will be Rs 1,74,033.
What Estimated Interest Will You Get by Investing Rs 2,00,000?
According to the calculator, if you invest Rs 2,00,000 in this scheme, you will earn Rs 32,044 in interest at an annual rate of 7.5 per cent.
What Maturity Amount Will You Get by Investing Rs 2,00,000?
At the end of two years, your total maturity amount will be Rs 2,32,044.
How to Open an Account
To invest in the Mahila Samman Savings Certificate Scheme, you can open an account at any post office or authorised bank. Women of all ages are eligible to invest, and a guardian account can be opened for a minor girl. When opening an account, you will need to provide KYC documents such as an Aadhaar card, PAN card, and a recent photograph.
Partial Withdrawal Facility After One Year
As per the scheme rules, after completing one year in the Mahila Samman Savings Certificate Scheme, you are allowed to make a partial withdrawal. You can withdraw up to 40 per cent of the deposited amount. For example, if you have invested Rs 2,00,000, you can withdraw Rs 80,000 after one year.