Definition
Mahila Samman Savings Certificate
The Mahila Samman Savings Certificate is a small-savings scheme for women and girls offering a fixed attractive interest over a short tenure.
The Mahila Samman Savings Certificate (MSSC) is a government small-savings scheme exclusively for women and girls, available at post offices and authorised banks. It offers a fixed, relatively attractive interest rate over a short, defined tenure, with a maximum deposit limit per account holder.
It is designed to encourage savings among women, with the safety of a government-backed instrument and the option of partial withdrawal during the term. The interest is taxable, and the scheme is offered for a limited subscription window.
MSSC suits women seeking a short-term, safe, fixed-return option, complementing longer-horizon women-focused instruments like the Sukanya Samriddhi Yojana for a girl child.
Related terms
- Sukanya Samriddhi Yojana (SSY)SSY is a government small-savings scheme for the girl child offering high, tax-free interest to build a corpus for her education and marriage.
- National Savings Certificate (NSC)NSC is a fixed-income government savings bond sold at post offices, offering guaranteed returns and a Section 80C tax benefit.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.