Mahila Samman Savings Certificate Scheme 2023–2025: Complete Guide for Women & Girls

The Mahila Samman Savings Certificate (MSSC) is a special savings scheme introduced by the Department of Economic Affairs, Ministry of Finance, aimed at strengthening the financial security of women and girl children across India.

Launched in April 2023 and valid until 31 March 2025, the scheme is available through Post Offices and eligible public and private sector banks. It offers a fixed interest rate of 7.5% per annum, compounded quarterly, making it one of the most attractive short-term government savings options for women.

Under this scheme, women can invest a minimum of ₹1,000 and up to a maximum of ₹2,00,000 for a two-year tenure. The account also provides partial withdrawal flexibility, allowing up to 40% withdrawal after one year. Accounts can be opened by adult women or by guardians on behalf of minor girls.

Key Features

• Government-backed secure savings scheme

• 7.5% annual interest compounded quarterly

• Investment tenure of 2 years

• Partial withdrawal up to 40% after 1 year

• Available at Post Offices and scheduled banks

• Valid for account opening till 31 March 2025

Eligibility

• Indian citizen

• Women and girl children only

• No age limit for women

• Minor accounts can be opened by guardians

• Single-holder account only

Deposit Limits

• Minimum deposit: ₹1,000

• Maximum deposit: ₹2,00,000

• Deposits allowed in multiples of ₹100

• No additional deposits after account opening

Withdrawal & Maturity

• Maturity period: 2 years from account opening

• Partial withdrawal: Up to 40% after 1 year

• Amount rounded to nearest rupee

• Premature closure allowed under specific conditions

Application Process (Offline)

1. Visit nearest Post Office or eligible bank

2. Collect or download application form

3. Submit filled form with required documents

4. Deposit initial amount

5. Receive savings certificate as proof

Documents Required

• Passport size photo

• Aadhaar Card

• PAN Card

• Age proof (Birth Certificate)

• Address proof (Voter ID / Passport / Driving License etc.)