SB Order 10/2023 – Clarification for Mahila Samman Savings Certificate

SB Order 10/2023: Clarification for Mahila Samman Savings Certificate (MSSC) 2023 on various queries

Letter Number	SB Order 10/2023 – F. No FS-13/1/2023-FS-DOP
Letter Dated	05/04/2023
Issued by	FS Division DOP
Subject	SB Order 10/2023 – Clarification for Mahila Samman Savings Certificate
Signed By	AD (SB-II)
Download PDF	Click Here

This has reference to SB Order No. 05/2023 dated 31-03-2023 in which a new scheme ‘Mahila Samman Savings Certificate, 2023” was circulated along with detailed SOP.

2. This office has received various queries in connection with Mahila Samman Savings Certificate, 2023. Accordingly, the competent authority has decided to issue clarification on the various queries received.

3. The details of queries received and clarification on Mahila Samman Savings Certificate (MSSC) thereon is mentioned below: 

S1 No.	Query on Mahila Samman Savings Certificate (MSSC)	Clarification Mahila Samman Savings Certificate (MSSC)
1	Whether this scheme is available through agents ?	This scheme is not covered under the MPKBY/SAS agency.
2	Whether investment under the scheme qualifies for a rebate u/s 80C of Income Tax Act ?	The investment under scheme does not qualify for rebate w/s 80C of Income Tax Act.
3	Whether interest earned in the scheme has tax exemption ?	Interest earned under the scheme is taxable.
4	Whether the maximum limit for investment of Rs 2 lakh is separate in case of minor ?	Maximum limit prescribed in Rule 4(1) of Mahila Samman Savings Certificate, 2023 is for an Individual. As such minor limit is separate and investment upto Rs 2 lakh can be made in the name of minor girl child.

4. It is requested to circulate it to all concerned for information, guidance and necessary action. Same may also be placed on the notice board of all Post Offices in public area.

5. This is issued with the approval of the Competent Authority.

Download PDF of SB Order 10/2023 – Click Here