Last Updated:June 18, 2025, 19:04 IST
The scheme offers 7.5 per cent interest, allows Rs 1,000 – Rs 2 lakh deposits, and permits early withdrawal after a year.
The Mahila Samman Savings Certificate was introduced in the year 2023. (Photo Credits: X)
The Mahila Samman Savings Certificate (MSSC) is a government-backed small savings scheme launched exclusively for women and girls. Introduced as part of the Union Budget 2023, it aims to encourage financial independence and savings among women by offering a safe and attractive investment option.
This scheme offers a fixed interest rate of 7.5 per cent per annum, higher than most other savings instruments, and is valid for a limited period. It’s important to note that accounts under this scheme can only be opened in a single holder’s name.
With its low minimum deposit requirement and guaranteed returns, MSSC is an important step toward promoting inclusive financial growth and empowering women to plan for their future with confidence and security.
Mahila Samman Savings Certificate: Who Can Invest? And How Much
The Mahila Samman Savings Certificate is specifically designed for women and girl child residents of India. In the case of minors, a parent or guardian can open the account on behalf of a girl child. There is no age limit for women to invest, making it accessible to working women, homemakers, and senior citizens alike.
The minimum deposit required is just Rs 1,000, and investments can be made in multiples of Rs 100. However, the maximum limit for investment is Rs 2 lakh per account, and only one account per person is allowed during the scheme’s tenure (currently available until March 31, 2025).
It’s a simple, hassle-free scheme with no need for regular income proof or long paperwork, making it ideal for women from all economic backgrounds.
Mahila Samman Savings Certificate: What Are the Benefits?
– The scheme offers a safe and rewarding investment option exclusively for women and girls.
– It provides a fixed interest rate of 7.5 per cent per annum, which is compounded quarterly.
– The investment limit is flexible, but the maximum deposit allowed is Rs 2 lakh per account.
– The scheme duration is two years from the date of deposit.
– Partial withdrawal of up to 40 per cent is permitted after completing one year.
– Interest is calculated quarterly and added to the account balance accordingly.
– It is important to keep in mind that if any deposit or account is found to be outside the rules of the scheme, the interest will be paid at the lower rate applicable to a regular Post Office Savings Account instead of the scheme’s rate.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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