What is Mahila Samman Savings Certificate Scheme?
Mahila Samman Savings Certificate Scheme was launched by the Ministry of Economics and Finance to develop a sense of saving and also financial security. The period of this scheme is just 2 years from 1st March 2023 to 2025. under this, all Indian female can have their accounts in some specific banks and the amount range is from ₹1,000 to ₹2,00,000. This scheme offers a healthy amount of investment for 2 years for a fixed interest rate of 7.5%.
Only the female citizens of India are eligible for this scheme, the maturity time of this scheme is 2 years, and after 1 year 40% of the total can be withdrawn.
Quick summary of this program:
| Scheme name: | Mahila Samman Savings Certificate Scheme |
| Launched by: | Government of India |
| Location: | India |
| Eligibility criteria: | Female citizens of India |
| Scheme type: | 2 Years saving scheme |
| Maximum deposit amount | ₹2,00,000 |
| Minimum deposit amount | ₹1,000 |
| Official website: | https://www.myscheme.gov.in/schemes/mssc |
| Last update: | Visit the official site to stay updated |
| Interst rate: | 7.5 % |
| The first installment of payment: | 40% |
| Objectives: | To support female citizens of India |
| maturity period | 2 years |
| Status check: | available on the official site |
| Document required: | Aadhar card, email ID, address, etc. |
Eligibility criteria:
Here are some pros and cons or we can say some codes and conducts that every applicant should know before applying for these schemes:
- Only the mentioned sections of society can apply to women and girls.
- The applicant must belong to such a family that can fulfill the installments.
- The applicant should be a native of India.
- Applicant should fulfill the required documents.
Important documentation of this scheme:
- Email address
- Address proof
- phone number
- Degree certificate(for students)
- passport size pictures
- Bank details
- proof of age.
The maturity time of this scheme is 2 years and after one year the applicant can withdraw 40% of the total amount.
The maximum deposit amount is ₹2,00,000.
The minimum deposit amount is ₹1,000.
Also read: Karnataka Gruha Jyothi Scheme 2024
Banks Offering Mahila Samman Savings Certificate
- Bank of Baroda.
- Canara Bank.
- Bank of India.
- Punjab National Bank.
- Union Bank of India.
- Central Bank of India.
To get more information click here: e Shram Card Apply Online at eshram.gov.in 2024
Complete the registration process for this scheme:?
If you are eligible for this Mahila Samman Savings Certificate Scheme 2024|Interest rate of 7.5% and want to check your status then follow these steps.
- In the very first step, the applicant should visit the official site of https://www.myscheme.gov.in/schemes/mssc.
- After visiting the official site, go to the home page and there you will find the application form.
- A new page will be shown on your screen and then you have to put all the required information. Attach the required documents.
- After that, you will enter all the details that are required and then click on submit.
FAQs about the Mahila Samman Savings Certificate Scheme
What is the fixed interest rate under this scheme?
What is the Mahila Samman Savings Certificate Scheme?
What is the full-form MSSC scheme?
Still, have more questions Mahila Samman Savings Certificate Scheme?
For any additional questions or if you require more detailed information, I recommend visiting the official channels(Click here to jump on the channel) or the official website (Here is the link to Hindi Yojana news). These platforms are equipped with extensive resources and support, ensuring that all your inquiries are thoroughly addressed and you have access to the most accurate and up-to-date information.
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