Which of the following statement is correct with respect to Mahila Samman Savings Certificate (MSSC)?

1
MSSC is a new small savings scheme launched by Ministry of MSME aimed at encouraging women investors.
2
The minimum investment amount is Rs. 500 and the maximum amount is Rs. 5 lakhs.
3
Interest rate for MSSC is 7.5% per annum, compounded quarterly.
4
Premature closure of the account is not allowed at any time.

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