CA Nikita Jindal's Investment Tip for Women: Secure Your Future with Mahila Samman

If you want a secure and high-return investment, especially for women, then the Mahila Samman Savings Certificate (MSSC) is your best bet. As per CA Nikita Jindal, a financial influencer, this government-sponsored scheme is a great choice and provides 7.5% interest per annum guaranteed! But it's only till 31st March 2025, so you have to hurry to benefit from it!

Who is Eligible to Invest in MSSC?

The MSSC can be opened by women and girls who can have the account in their name. A guardian can also open an account in the name of a minor girl child. This makes it a great means for women and girls to begin saving safely.

Investment Limit, Tenure, and Lock-in Period

Minimum investment for opening an account is Rs 1,000 and the maximum is Rs 2 lakh per account. Investment tenure is a mere 2 years, which is shorter than the majority of traditional FDs, but still provides handsome returns. The short lock-in time is a value-add for investors who may require access to their money urgently.

Interest, Tax Benefits, and Flexibility

The 7.5% annual interest rate is compounded quarterly and added to the account. One significant benefit is that there's no tax deduction at source (TDS) on the interest, so you get the whole amount. In addition, you can withdraw 40% of the amount deposited after 1 year in partial amounts, which provides flexibility if required.

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How to Invest in MSSC?

To invest in the Mahila Samman Savings Certificate, just open an account at post offices or designated banks before 31st March 2025. It's a good chance to secure your future finances with a secure and high-return investment avenue.

Invest wisely, and utilize this scheme to the fullest!