Mahila Samman Savings Certificate Deposit Limit: The Government isn't always thinking about any thought to growth the deposit restrict below the currently introduced Mahila Samman Saving Certificate (MSSC) scheme.
In Budget 2023, Finance Minister Nirmala Sithraraman introduced the choice to release the MSSC scheme for ladies and ladies with a deposit restrict of Rs 2 lakh. The scheme will provide a set hobby of 7.five% for 2 years with a partial withdrawal option.
Replying to a question on whether or not the Government has any thought to growth the restrict of quantity to as a minimum Rs 10 lakh below MSSC, Pankaj Chaudhary, Union Minister of State for Finance, stated there's no such thought.
“No Sir. The Sukanya Samriddhi Account Scheme already exists which become brought with comparable motive and pursuits at encouraging economic financial savings for ladies,” Chaudhary stated on Monday (March 27).
Whether MSSC be to be had for a -yr duration as much as March 2025?
Replying to some other question on “whether or not a one-time new small financial savings scheme, Mahila Samman Savings
Certificate could be made to be had for a -yr duration as much as March 2025”, Chaudhary stated that the scheme could be to be had for a duration of years as much as March 2025.
“Yes Sir. In the Budget Speech of FY 2023-24, the Mahila Samman Savings Certificate scheme become introduced with deposit facility upto ₹2 lakh withinside the call of ladies or ladies for a tenor of two years at constant hobby fee of 7.five in step with cent with partial withdrawal option,” the minister stated.
He become replying to a question on “whether or not a one-time new small financial savings scheme, Mahila Samman Savings Certificate could be made to be had for a -yr duration as much as March 2025 in order to provide deposit facility upto Rs. 2 lakh withinside the call of ladies or ladies for a tenure of two years at constant fee of hobby 7.five in step with cent with partial withdrawal option.”