NEW DELHI: The Mahila Samman Savings Certificate Scheme (MSSC) was launched on March 31, 2023 to commemorate the ‘Azadi ka Amrit Mahotsav’ exclusively for the women and minor girls, and so far, 43,30,121 accounts have been opened under it till October 31, 2024.
This was stated by Union Minister of State for Finance Pankaj Chaudhary in a written reply to a question in Rajya Sabha on Tuesday.
The scheme was launched to promote financial independence of the woman of the country by allowing attractive rate of interest and to also help in achieving objectives of financial inclusion as set by the Government of India. The account under MSSC shall be opened by a woman for herself, or by the guardian on behalf of a minor girl, on or before March 31, 2025.
Some of the salient features of the schemes include:
- The account may be opened with a minimum deposit of ₹1000 and maximum deposit of ₹2 lakh for a tenure of two years only.
- The interest rate for MSSC is 7.5% p.a. which is compounded quarterly and credited to the account.
- The facility of partial withdrawal and premature closure on compassionate grounds are also available under this scheme.
