Syllabus
Context: Recently, Mahila Samman Savings Certificate (MSSC) 2023 has been notified.
About Mahila Samman Savings Certificate (MSSC) 2023:-

IMAGE SOURCE: Mahila Samman Saving Certificate Apply Post Office and Bank – Sarkari Yojana – TheHowPedia
- It is a one-time small savings scheme for women to commemorate celebrations of 75 years of Independence.
- It will be made available for a two-year period up to March 2025.
- It will be under the Ministry of Women and Child Development.
- The small saving certificate will have a fixed interest rate of 7.5% for two years.
- The deposit can be made in the name of a woman or a girl child.
- The maximum deposit amount has been kept at ₹2 lakhs and the scheme will have a partial withdrawal facility as well.
Eligibility:-
- Application for opening an account under the scheme can be made by a woman for herself or by the guardian on behalf of a minor girl.
Deposit limit:-
- Any number of MSSC accounts can be opened by a woman, or in the name of a minor girl by the guardian, subject to the maximum limit of Rs 2 lakh.
Interest Rate:-
- The Government has notified 7.5% interest on deposits in an MSSC account.
- The interest will be compounded on a quarterly basis and credited to the account.
Maturity and Payment:-
- The notification said that the deposit shall mature on completion of two years from the date of the deposit.
- The eligible balance may be paid to the account holder on an application in Form-2 submitted to the accounts office on maturity.
Partial Withdrawal:-
- An MSSC accountholder will be allowed to withdraw a maximum of up to 40% of the eligible balance once after the expiry of one year from the date of opening of the account but before the maturity of the account.
- The notification further said that in case of an account opened on behalf of a minor girl, the guardian may apply for the withdrawal for the benefit
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SOURCE: FINANCIAL EXPRESS
PREVIOUS YEAR QUESTIONS
Q.1) Which of the following statements is/are correct regarding the Maternity Benefit Amendment Act, 2017? (2019)
- Pregnant women are entitled to three months of pre-delivery and three months of post-delivery paid leave.
- Enterprises with creches must allow the mother a minimum of six creche visits daily.
- Women with two children get reduced entitlements.
Select the correct answer using the code given below.
- 1 and 2 only
- 2 only
- 3 only
- 1, 2 and 3
Q.2) With reference to the ‘stand up India scheme’, which of the following statement is/are correct? (2016)
- Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
- It provides for refinancing through SIDBI.
Select the correct answer using the code given below.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2