Mahila Samman Saving Scheme: MSSC Scheme Deadline Nears, Know Eligibility, Last Date, and More Details

Mahila Samman Saving Scheme: The deadline for investing in the Mahila Samman Savings Certificate (MSSC) scheme is nearing, and the government has not yet announced an extension beyond March 31, 2025. Women who have not yet taken advantage of this chance still have time until the deadline, after which the scheme may be canceled or extended at the government’s discretion. The MSSC scheme provides a fixed interest rate of 7.5%, which is higher than the average two-year fixed deposit rate offered by banks. It is a government-backed investment, therefore it is a safe choice for women.  

MSSC Scheme Details

The initiative allows any Indian woman to invest between Rs 1,000 and Rs 2,00,000, with a two-year lock-in period. At maturity, the investor receives the entire capital plus the collected interest, and after one year, up to 40% of the invested money can be withdrawn. In the case of serious illness or the death of the account holder, the account may be cancelled prematurely.  However, if you close the account after six months, the interest rate may be reduced. As no formal notification has been made regarding an extension date, women who are planning to invest should do so before the March 31, 2025 deadline.