The Mahila Samman Saving Certificate (MSSC) is a new small savings scheme launched by Ministry of Finance, Govt. of India aimed at encouraging women investors.  Central government has introduced this scheme in the Budget 2023 to mark the Azadi Ka Amrit Mahotsav and is a significant step towards financial inclusion and empowerment of the women, including the girls.  Amount can be invested in the name of individual girl or woman.  Minor account can be opened through natural or legal guardian.

The minimum investment amount is Rs. 1,000 and the maximum amount is Rs. 2 lakhs.  The scheme will mature in two years from the date of opening the account.  Interest rate for MSSC is 7.5% per annum, compounded quarterly. The scheme is operational during the period 01.04.2023 to 31.03.2025.

Withdrawal is allowed up to 40% of the eligible balance which can be taken after expiry of one year from the date of opening the account. 
The savings account can be closed due to the death of the depositor or guardian and on extreme medical grounds. Premature closure of the account is allowed at any time after six months of opening but with the interest rate reduced by 2%.

On behalf of Tamilnadu Postal Circle, it is requested to utilize the opportunity launched exclusively for the empowerment of women benefit by approaching nearby post offices. For further details, please visit https://www.indiapost.gov.in.

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