Mahila Samman Savings Certificates has been made accessible in 1.59 lakh publish workplaces.
Mahila Samman Savings Certificate affords a hard and fast curiosity of seven.5% curiosity compounded quarterly.
Union finance minister Nirmala Sitharaman whereas presenting the Budget 2023 on February 1 made bulletins to alter the earnings tax slabs change within the new tax regime, together with essential modifications in among the already present financial savings schemes. Mahila Samman Savings Certificate was additionally introduced within the FY 2023-24 Budget.
What is Mahila Samman Savings Certificate, 2023 (MSSC)?
Mahila Samman Saving Certificate scheme was introduced within the 2023-24 Budget to commemorate ‘Azadi Ka Amrit Mahotsav’ and is taken into account a big step in direction of monetary inclusion and empowerment of the ladies, together with the women.
Mahila Samman Savings Certificate Tenure
The two 12 months tenure Mahila Samman Savings Certificate affords a hard and fast curiosity compounded quarterly with versatile funding and partial withdrawal choices with a most ceiling of Rs 2 lakh.
The scheme is legitimate for a two-year interval upto March 31, 2025.
Mahila Samman Savings Certificate Interest Rate
Mahila Samman Savings Certificate affords a hard and fast curiosity of seven.5% curiosity compounded quarterly with versatile funding and partial withdrawal choices with a most ceiling of Rs 2 lakh.
Mahila Samman Savings Certificates Apply
The Ministry of Finance has issued the Gazette Notifications for Mahila Samman Savings Certificates, 2023 and the scheme has been made accessible in 1.59 lakh publish workplaces.
Also, the National Savings (Monthly Income Account) Scheme, 2019 has been amended via National Savings (Monthly Income Account) (Amendment) Scheme, 2023 and the utmost funding restrict has been raised from Rs 4 lakh fifty thousand to Rs 9 lakh for a single account and from Rs 9 lakh to ₹ 15 lakh for a joint account with impact from April 01, 2023.
Likewise, the Senior Citizen Savings Scheme, 2019 has been amended via Senior Citizens Savings (Amendment) Scheme, 2023 and the utmost funding restrict has been raised from Rs 15 lakh to Rs 30 lakh.
Interest charges on all of the small financial savings schemes, besides Savings Deposit and PPF, have additionally been upwardly revised with impact from April 01, 2023.
These measures are anticipated to profit the publish workplace small financial savings prospects and entice extra funding in these schemes via publish workplaces, particularly in rural areas and amongst ladies, girls, farmers, artisans, senior residents, manufacturing unit employees, authorities workers, small merchants and different sections of the society.
For additional particulars, prospects can go to www.indiapost.gov.in.
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