Bank FD Scheme : At present, everyone wants to invest their money in a place where they can earn a good profit in a short period of time. One of the best and safest options for such people is Fixed Deposit (FD). By investing in a fixed deposit, you can earn attractive returns with minimal risk in a relatively short duration.
If you are planning to open a fixed deposit in your wife’s name, this could be an excellent opportunity. Let’s understand in detail how investing in your wife’s, mother’s, or daughter’s name can be financially beneficial.
Bank FD Scheme : Short-Term Investment Option for Women
If you are looking for a short-term investment, instead of investing the amount in your own name, you can invest it in your wife’s, mother’s, or daughter’s name under the Mahila Samman Savings Certificate (MSSC) scheme.
The Mahila Samman Savings Certificate is a one-time deposit scheme launched by the Government of India exclusively for women. Under this scheme, you can invest your money for a tenure of 2 years and earn an interest rate of 7.5% per annum. The maximum amount that can be invested under this scheme is ₹2 lakh.
Bank FD Scheme : Returns on ₹2 Lakh Investment
If you invest ₹2,00,000 in this scheme for 2 years, you will earn ₹32,044 as interest alone. However, note that investment in this scheme is open only till October 31, as the government has not extended the deadline for now.
Bank FD Scheme : Returns Based on Investment Amount
According to the Mahila Samman Savings Certificate Calculator 2025,
For an investment of ₹1,00,000, you will get ₹16,022 as interest at a 7.25% rate, and the maturity amount will be ₹1,16,022.
For an investment of ₹1,50,000, you will get ₹24,033 as interest, making the maturity amount ₹1,74,033.
For an investment of ₹2,00,000, the interest earned will be ₹32,044, and the maturity amount will be ₹2,32,044 after two years at a 7.5% rate.
How to Open an MSSC Account
To invest in this scheme, you need to open an MSSC account at your nearest post office. To open the account, you must submit KYC documents such as:
Aadhaar Card
PAN Card
Recent passport-size color photographs
There is no age restriction for this scheme. Any woman or girl can invest in it. For a minor girl, the account can be opened by her parent or guardian.
Partial Withdrawal Facility After One Year
As per the rules, the Mahila Samman Savings Certificate matures in 2 years, but partial withdrawal is allowed after 1 year. After one year, you can withdraw up to 40% of the deposited amount if required.
For example, if you have invested ₹2,00,000, you can withdraw up to ₹80,000 after one year.
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