Is the interest earning in Mahila Samman Savings Certificate scheme, more than bank interest?

Is the interest earning in Mahila Samman Savings Certificate scheme, more than bank interest?
After our video on the Mahila Samman Savings Certificate, we got a lot of queries, so here are some simple clarifications.
Interest rate clarifications:
MSSC offers an interest rate of 7.50%, compounded quarterly. So, for 1 year, the annualized return is 7.71%, and for the maturity period of 2 years, the return is 16.02%. On an investment of Rs. 2 lakhs, the interest earning for 1 year will be Rs. 15,420 and 2 years will be Rs. 32,044.
An attempt to revive Indian Post:
Further, you can invest in this scheme, only through Indian Post. So, in a way, this will revive the post office sector, which is slowly fading away in the era of social media and instant messaging, since you have to open an account with the Indian Post, in order to invest in this scheme.
Penalty provisions on early withdrawal:
Penalty provisions are there for early withdrawal, just to discourage early withdrawals and promote investing behaviour.
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[@charanac9271]

Yuh continue to amaze us with your talent and Dedication

[@thefintelligentinvestor]

Thank you!

[@ShahulHameed-gw7fj]

Wooow.. super nice information 🎉

[@nenika-tw9hn]

At the time of maturity ... How much money does a woman get , after taxing ??? Please reply .

[@soujanyanayak1703]

It is great 👍

[@ganesh2500]

thanks for the information

[@SujitJadhav-gu1by]

Thanks mam❤🎉

[@riyaprasad4998]

Monthly installment is there?

[@sumangalimca2866]

Can a govt employee invest in this scheme

[@swatikodam3632]

Nationalised banks are also authorised to open this

[@thefintelligentinvestor]

Yes .. video was upload in first or second week of June.. bank update was released in last week of june.. new video will come up soon

[@rishirajgude1448]

How much is penalty

[@sudhakarsubramaniam4823]

Banks also operate this scheme

[@ProChavan]

There is mistake in video you can also open this in banks

[@thefintelligentinvestor]

Sir this video is uploaded in June first week.. the bank update was released on June last week .. when the video was shot it was still only post office. But thanks for the comment

[@Joker-ve2qe]

Mam can we invest on monthly basis

[@londonlites8187]

Mam tax katega 1,50,000 par

[@nitaighosh7110]

English ki maro boli hindi main samjho