Narendra Modi government has started many schemes for women. We are telling you about one such scheme which has been started for women and minor girls. More than 45 lakh accounts have been opened under this scheme. In this scheme, women investors also get great interest from the government.
Mahila Samman Savings Certificate Scheme: Narendra Modi government of the Center has started many schemes for women. One such scheme is Mahila Samman Savings Certificate (MSSC). More than 45 lakh accounts have been opened under this scheme started for women and minor girls. In this scheme, women investors also get great interest from the government.
What are its features
This account can be opened with a minimum deposit amount of Rs 1000 and a maximum deposit amount of Rs 2 lakh. This account can be opened for a period of two years. Let us tell you that the interest rate for Mahila Samman Savings Certificate Scheme is 7.5 percent per annum which is compounded on quarterly basis and deposited in the account. Partial withdrawal and premature closure facility is also available in this scheme on compassionate grounds.
Who can open an account
Any woman can open an account under the Mahila Samman Savings Certificate Scheme. Guardians can also open accounts for minor girls. Talking about pre-mature withdrawal, account holders are eligible to withdraw up to a maximum of 40% of the total amount after the expiry of one year from the date of opening the account.
A customer can open multiple accounts under this scheme, although the second account can be opened only after a gap of three months from the date of opening the first account. However, the total deposit amount including all accounts should not exceed Rs 2 lakh. Nomination facility is available for a maximum of 4 nominees per account.
Required documents
Passport size photo, PAN card, Aadhaar card are required to open an account under the Mahila Samman Savings Certificate Scheme. At the same time, passport, driving license and voter ID card have been kept as alternative documents.
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