Mahila Samman Savings Certificate — Quick Overview
| Scheme Name | Mahila Samman Savings Certificate (MSSC) 2026 — ₹2 Lakh @ 7.5% for Women at Post Office | India's Best Women Savings Scheme |
| Launched By | Government of India |
| Launch Year | 2023 |
| Benefit | 7.5% interest per annum (quarterly compounding) — ₹2 lakh deposit → ₹2,32,044 at maturity after 2 years. Partial withdrawal of 40% allowed after 1 year. Risk-free government-backed guarantee. |
| Category | Finance |
| Last Verified | 24 May 2026 |
| Official Portal | https://www.indiapost.gov.in |
What is Mahila Samman Savings Certificate?
Mahila Samman Savings Certificate (MSSC) is a special one-time savings scheme launched by the Government of India exclusively for women and girls, announced in Union Budget 2023-24 and available for investment from 1 April 2023. The scheme offered an interest rate of 7.5% per annum (compounded quarterly) — the highest risk-free interest rate available to Indian women outside of Sukanya Samriddhi Yojana. Maximum investment: ₹2 lakh. Tenure: 2 years from the date of deposit. Partial withdrawal: 40% of eligible balance allowed after 1 year. The deposit window was open from April 2023 to March 2025 — certificates purchased during this period continue to earn interest until maturity (2-year tenor from deposit date, so last maturity by March 2027). Available at all India Post offices and select banks (SBI, Bank of Baroda, Bank of India, Canara Bank, Union Bank, Central Bank, HDFC Bank, ICICI Bank, IDBI Bank, PNB). MSSC is separate from Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), and Senior Citizen Savings Scheme (SCSS) — all can be held simultaneously. Women who invested in MSSC should note: their certificate matures exactly 2 years from the date of account opening.
Under this scheme, eligible beneficiaries receive 7.5% interest per annum (quarterly compounding) — ₹2 lakh deposit → ₹2,32,044 at maturity after 2 years. Partial withdrawal of 40% allowed after 1 year. Risk-free government-backed guarantee.. The scheme was launched in 2023 and is implemented by the Government of India.
महिला सम्मान बचत पत्र (MSSC) केंद्र सरकार की महिलाओं के लिए विशेष एकमुश्त बचत योजना है, जो Union Budget 2023-24 में ₹1 अप्रैल 2023 से शुरू हुई। ब्याज दर: 7.5% प्रति वर्ष (तिमाही चक्रवृद्धि) — risk-free सेवाओं में महिलाओं के लिए सबसे अधिक। अधिकतम निवेश: ₹2 लाख। अवधि: 2 साल। 1 साल बाद 40% partial withdrawal। Post Office और SBI, BoB, BoI, Canara Bank, HDFC, ICICI, PNB आदि बैंकों में उपलब्ध। निवेश विंडो अप्रैल 2023 से मार्च 2025 तक थी — जिन महिलाओं ने निवेश किया है उनके certificate 2 साल में mature होंगे (मार्च 2027 तक)।
7.5% ब्याज — ₹2 लाख जमा → 2 साल में ₹2,32,044 मिलेंगे। 1 साल बाद 40% partial withdrawal। सरकारी गारंटी — जीरो जोखिम।
Benefits of Mahila Samman Savings Certificate
7.5% interest per annum (quarterly compounding) — ₹2 lakh deposit → ₹2,32,044 at maturity after 2 years. Partial withdrawal of 40% allowed after 1 year. Risk-free government-backed guarantee.
Who is Eligible for Mahila Samman Savings Certificate?
- ✓Only WOMEN and GIRLS are eligible — the account must be in a woman's/girl's name
- ✓Guardian (male or female) can open MSSC account for a MINOR GIRL
- ✓Any woman of any age — no minimum or maximum age restriction
- ✓Indian residents only — NRIs are not eligible
- ✓Multiple accounts allowed: A woman can open multiple MSSC accounts, but total investment across ALL accounts cannot exceed ₹2 lakh
- ✓INVESTMENT WINDOW NOTE: New MSSC accounts could only be opened from 1 April 2023 to 31 March 2025. After March 2025, the scheme is closed for NEW deposits. Existing accounts continue to earn interest until maturity.
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Documents Required for Mahila Samman Savings Certificate
How to Apply for Mahila Samman Savings Certificate Online?
- 1NOTE: The MSSC deposit window (April 2023 – March 2025) is CLOSED for new accounts as of April 2025. Information below is for existing account holders.
- 2TO CHECK YOUR MATURITY DATE: Your certificate matures exactly 24 months from account opening date. Example: Opened on 15 June 2023 → Matures on 15 June 2025.
- 3TO WITHDRAW AT MATURITY: Visit your Post Office/Bank with original MSSC passbook/certificate + Aadhaar + withdrawal form → Funds credited to your savings account within 5 working days.
- 4FOR 40% PARTIAL WITHDRAWAL (after 1 year): Submit Part-Withdrawal Form at your Post Office/bank → Maximum 40% of eligible balance is released → Remaining 60% continues earning 7.5% till maturity.
- 5FOR PREMATURE CLOSURE (before 1 year): Only in case of death of account holder or extreme compassionate grounds. Interest paid at reduced rate (5.5% instead of 7.5%).
- 6FOR PREMATURE CLOSURE (after 1 year, before maturity): Allowed on application to Postmaster. Interest paid at 2% less (5.5% p.a.) than contracted rate.
- 7DEATH CLAIM: Nominee can claim full balance + accrued interest at Post Office/bank with death certificate, legal heir/nominee ID, original passbook/certificate.
- 8ACCOUNT TRANSFER: MSSC can be transferred from one Post Office to another — submit transfer request at your current branch.
Official Government Portal
Apply directly on the official government website. This is the only authorised portal — never pay anyone to apply on your behalf.
🔗Apply on www.indiapost.gov.inFrequently Asked Questions — Mahila Samman Savings Certificate
Common Questions About Finance Schemes
What is covered under PMSBY?+
Death or total permanent disability due to accident gets ₹2 lakh. Partial permanent disability gets ₹1 lakh.
How to enroll in PM Suraksha Bima Yojana?+
Contact your bank branch or enroll through internet banking/mobile app to activate this insurance with just ₹20/year deducted automatically.
How much pension will I get under APY?+
Depending on the pension plan (Rs.1K to Rs.5K/month) and your age at enrollment, your monthly contribution varies. Example: For Rs.5,000/month pension — if you join at age 18, contribute Rs.210/month; at age 30, contribute Rs.577/month; at age 40, contribute Rs.1,454/month.
Can I exit APY before 60 years?+
Voluntary exit before 60 is allowed but the subscriber only gets their own contribution plus accumulated interest, minus account maintenance charges. The government co-contribution (if any) is forfeited. In case of death before 60, the spouse gets the option to continue or claim the accumulated amount.
What does PMJJBY cover?+
It covers death due to any cause. Rs.2 lakh is paid to the nominee in case of the policyholder's death during the policy year.
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