Pune : PM urges women to enrol for Mahila Samman Saving Certificate
The Prime Minister Narendra Modi has urged women to enrol for Mahila Samman Saving Certificate (MSSC).
Retweeting a tweet by Union Minister for Women and Child Development, Smriti Irani about enhancing financial inclusion & providing better returns to women through MSSC, the Prime Minister Narendra Modi said: “I also urge more women to enrol for MSSC. It offers many advantages for our Nari Shakti.”Irani further said, “The MSSC scheme announced in Budget 2023-24 to commemorate ‘Azadi Ka Amrit Mahotsav’ is aimed at enhancing financial inclusion & providing better returns to women. I urge women and young girls to enrol for MSSC and take advantage of this small savings scheme.”
The Mahila Samman Saving Certificate, 2023, is available from 01/04/2023 in the Post Offices at an interest rate of 7.5% p.a.
The Union Finance Minister, Nirmala Sitharaman announced Mahila Samman Saving Certificate, a new small savings scheme for women and girls, in her Budget Speech 2023-24. The Mahila Samman Savings Certificate scheme was announced to commemorate the Azadi ka Amrit Mahotsav.
Mahila Samman Savings Certificates made available in Post Offices
In a late night development, the Ministry of Finance issued the Gazette Notifications for Mahila Samman Savings Certificates, 2023 and has been made available in 1.59 lakh post offices with immediate effect. The scheme was announced in the 2023-24 Budget by the Union Finance Minister to commemorate ‘Azadi Ka Amrit Mahotsav’ and is a significant step towards financial inclusion and empowerment of the women, including the girls.
The two year tenure scheme offers an attractive and fixed interest of 7.5 per cent interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of Rs two lakh. The scheme is valid for a two-year period upto 31st March 2025.
National Savings (Monthly Income Account) Scheme, 2019 has been amended through National Savings (Monthly Income Account) (Amendment) Scheme, 2023 and the maximum investment limit has been raised from Rs four lakh fifty thousand to Rs nine lakh for a single account and from Rs nine lakh to Rs 15 lakh for a joint account with effect from 1st April 2023. Likewise, the Senior Citizen Savings Scheme, 2019 has been amended through the Senior Citizens Savings (Amendment) Scheme, 2023 and the maximum investment limit has been raised from ₹ 15 lakh to ₹ 30 lakh with effect from today.
Interest rates on all the small savings schemes, except Savings Deposit and PPF, have also been upwardly revised with effect from 1st April 2023.
These measures will immensely benefit the post office small savings customers and attract more investment in these schemes through post offices, especially in rural areas and amongst girls, women, farmers, artisans, senior citizens, factory workers, government employees, small traders and other sections of the society. They will get a better return on their investment in small savings schemes. For further details, please visit www.indiapost.gov.in.
