<h3 style="text-align: justify;">MAHILA SAMMAN SAVINGS CERTIFICATE</h3> <ol style="text-align: justify;"> <li>Mahila Samman Saving Certificate (MSSC), a new small savings scheme launched in the Budget 2023 to promote investments among women. MSSC is a single-holder account that can be opened at any Post Office across the country. Mahila Samman savings scheme is a one-time scheme that is available for a tenure of 2 years.<br>Who can open:-<br>(i) By a woman for herself.<br>(ii) By the guardian on behalf of a minor girl.</li> <li>Deposit<br>(i) Minimum of rupees one thousand and in multiple of rupees one hundred.<br>(ii) Maximum limit of rupees two lakh in an account or all account hold by an account holder.<br>(iii) A time gap of three months shall be maintained between the existing account and the opening of other account.</li> <li>Interest<br>(i) Deposit shall eligible for 7.5 per cent interest per annum.<br>(ii) Interest will be compounded quarterly and credited in account and paid at the time of closure of account.<br>(iii) Account opened or deposit made in-contravention of rules will be eligible for interest @ PO Savings Account.</li> <li>Withdrawal<br>40% withdrawal of eligible balance can be taken after one year from the date of account opening.</li> <li>Pre-mature closure<br>(i) On the death of the account holder<br>(ii) On extreme compassionate ground (i) Life threatening decease of account holder (ii) death of the guardian on production of relevant documents.<br>Note:-Scheme interest will be paid on principal amount.<br>(iii) After six months of account opening without mentioning any reason.<br>Note:-Scheme interest less by 2 per cent will be paid e.g. 5.5%.</li> <li>Maturity<br>(i) After two years from the date opening eligible balance will be paid to the depositor.</li> <li>How to open account<br>(i) Submit Account Opening Form, KYC Document (Aadhaar and PAN card) , KYC form for new account holder, Pay-in-Slip alongwith deposit amount/cheque at nearest post office.</li> </ol> <p style="text-align: justify;">(Source: <a href="https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx" target="_blank" rel="noopener">https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx</a>)</p>