About this banking scheme
The Mahila Samman Savings Certificate is for women and girls, offering 7.5% interest on deposits between Rs. 1,000 to Rs. 2,00,000. Apply offline at Post Offices or designated banks until March 31, 2025.
The Mahila Samman Savings Certificate is a financial scheme launched by the Ministry of Finance. It aims to provide secure savings options for women and girl children in India. This scheme helps them earn attractive interest on their savings.
Women and girls can invest in this scheme through Post Offices and certain banks, making it widely accessible. It offers a fixed interest rate of 7.5% per annum, which is compounded quarterly.
The scheme has a duration of two years, allowing for a maximum deposit of Rs. 2,00,000. It also permits partial withdrawals, ensuring flexibility for the account holders.
Benefits at a glance
| Scheme name | Mahila Samman Savings Certificate (MSSC) |
|---|---|
| Launched by | Ministry Of Finance |
| Department | Department Of Economic Affairs |
| Launch year | 2023 |
| Benefit | The Mahila Samman Savings Certificate is for women and girls, offering 7.5% interest on deposits between... |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | indiapost.gov.in (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Implementing agency | Post Office Branch Or A Designated Bank |
| Scheme for | Individual |
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Maturity Date | After two years from the date of deposit |
| Withdrawal Limit | 40% of the balance after one year |
| Application Deadline | March 31, 2025 |
| Account Type | Single-holder type account |
Who can apply (quick check)
- 👤Female
- 🎂Age 5 to 80 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
महिला सम्मान बचत प्रमाणपत्र योजना महिलाओं और लड़कियों के लिए है, जो Rs. 1,000 से Rs. 2,00,000 के बीच जमा पर 7.5% ब्याज देती है। आवेदन 31 मार्च 2025 तक ऑफलाइन करें।
The Mahila Samman Savings Certificate is for women and girls, offering 7.5% interest on deposits between...
What you receive
- Interest Rate: 7.5% per annum
- Minimum Deposit: Rs. 1,000
- Maximum Deposit: Rs. 2,00,000
- Tenure: 2 years
Interest is credited quarterly and is paid at the time of account closure after two years.
Who qualifies
- I am a female.
- I can apply offline.
- I am between 5 to 80 years old.
Who is not eligible
- Men cannot apply for this scheme.
- Non-Indian citizens are not eligible.
Papers to keep ready
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Registration walkthrough
- Visit the nearest Post Office or designated bank.
- Collect or download the application form.
- Fill out the form and attach required documents.
- Complete the declaration and nomination details.
- Submit the form with the initial deposit.
- Receive the certificate as proof of investment.
To check the application status, visit the Post Office or bank where you applied. You can also call their helpline for assistance.
Important dates
| Launch / start | 01 Apr 2023 |
|---|
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not submitting the required documents can lead to rejection.
- Incorrectly filling out the application form may cause delays.
- Missing the initial deposit amount can result in application failure.
- Not adhering to the age criteria will disqualify the application.
- Applying online instead of offline as required for this scheme.
Frequently asked questions
What is the Mahila Samman Savings Certificate?
It is a savings scheme for women and girls with a two-year maturity.
What is the interest rate?
The interest rate is 7.5% per annum, compounded quarterly.
Who can open an account?
Only women and guardians of minor girls can open accounts.
What is the maximum deposit amount?
The maximum deposit allowed is Rs. 2,00,000.
When can I withdraw money?
You can withdraw up to 40% of the balance after one year.
Can the account be closed early?
Yes, but only under specific circumstances.
What happens if I miss the application deadline?
You cannot apply after March 31, 2025.
Is there a limit on the number of accounts I can open?
You can open multiple accounts, but there are deposit limits.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines dea.gov.in (PDF)
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
First draft prepared with editorial AI tools; every fact verified against the official notification and rewritten by our team.
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