Outlook Money
MSSC is a government-supported small savings scheme to support women and girls. It provides a safe investment option with guaranteed returns to women.
Union Budget 2025 did not extend the MSSC scheme, so women investors can contribute only until the deadline i.e., March 31, 2025.
A woman or a girl is eligible for an MSSC account in their name. Additionally, a guardian can also open an account on behalf of a minor girl.
The scheme offers a guaranteed return of 7.5 per cent, which is higher than most bank fixed deposits.
The minimum investment starts at Rs 1,000, while the maximum limit is capped at Rs 2 lakh per fiscal year.
The scheme matures in two years, after which the investor receives the principal amount along with accumulated interest.
After one year, up to 40 per cent of the balance can be withdrawn, but the interest earned is taxable as per the individual’s tax slab.