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A Complete Guide to Mahila Samman Certificate

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A Complete Guide to Mahila Samman Savings Certificates Click Mahila Samman Savings Certificates Overview Financial empowerment of women is essential to the development of a country. A government-backed small savings program called the Mahila Samman Savings Certificate (MSSC) aims to give women financial stability and alluring rewards. This program is intended to promote saving among women while guaranteeing returns and safety. The benefits, eligibility, application process, and reasons why the Mahila Samman Savings Certificate is a great investment choice for women will all be covered in this article. Mahila Samman Savings Certificate's salient features Eligibility: Available only for women and girls. Duration: two years. Interest rate: 7.5% annually, with quarterly compounding. ₹1,000 is the minimum deposit. Deposit maximum: ₹2,00,000. Tax Benefits: Interest is taxable, but there are no tax benefits under Section 80C. Early Withdrawal: Permitted under specific circumstances. The...