Mahila Samman Savings Certificate: A small savings scheme for women, know details

Mahila Samman Savings Certificate: This is a small savings scheme run for women, in this scheme women are given a deposit of up to ₹ 2 lakh at an annual interest rate of 7.5% for up to 2 years. All women and girls get the benefit of this scheme. Minor girls or Indian women living in India are eligible in this scheme. Opening an account in it is also very easy. It can be easily opened by going to any post office or designated bank and if you want to close it before time, then it is also allowed. Let’s know all the information about this scheme in detail –

What is this scheme?

Mahila Samman Savings Certificate is a central government scheme which is being run for women. This MSSC scheme was launched by the central government for women in 2023, which is known as Mahila Samman Savings Certificate. This is a small savings scheme in which women can invest for up to 2 years and they are given an annual interest of 7.50%. . In this scheme, a minimum amount of ₹ 1000 to a maximum of ₹ 200000 can be invested and any woman or minor girl can open her account in it.

Features of Mahila Samman Savings Certificate

1. Mahila Samman Savings Certificate is a centrally govt operated scheme in which the invested money is safe.
2. In this, women are given an annual interest rate of 7.5% per annum.
3. This is a small savings scheme which is run for 2 years.
4. The option of partial withdrawal is also available in this scheme i.e. you can withdraw 40% of the amount deposited by you.
5. The benefit of this scheme is given to women and minor girls.
6. A minimum amount of Rs 1000 to a maximum of Rs 2 lakh can be deposited in this scheme.
7. The last date for opening an account in this scheme was 31 March 2025, there is no information about whether the government will continue this scheme further or not.

Facility of partial withdrawal is also available

If you want to partially withdraw money in Mahila Samman Savings Certificate, then this facility is also provided, but in this only 40% of the money invested by you can be withdrawn and if you want to close the account before time, then this facility is also provided.

Who can open an account?

Any woman or minor daughter residing in India can open an account under Mahila Samman Savings Certificate. More than one account can be opened in the name of a woman under this scheme. There should be a gap of 3 months between opening of both the accounts. Apart from this, parents can easily open an account in the name of their daughters and husbands can easily open an account in the name of their wives.

How to open an account

1. To open an account in Mahila Samman Savings Certificate, you can easily open this account by going to your nearest post office or bank.
2. to open an account online, download its application form from the official website of Mahila Samman Savings Certificate
3. fill in all the required information in it.
4. then attach all the required documents to it.
5. after this submit this form by going to your nearest post office or bank.
6. now you will be given the certificate of Mahila Samman Savings Certificate by the post office.