MAHILA SAMMAN SAVING CERTIFICATE SCHEME 

ALL YOU NEED TO KNOW 

Mahila Samman Saving Certificate is a one-time new small savings scheme of the government of India announced in the Union Budget 2023. 

The MSSC is a low-risk investment option with attractive returns specifically designed for women.

Any resident Indian woman, regardless of age, is eligible. An account can be established for a minor girl by her natural or legal guardian.

ELIGIBILITY:

Only individual accounts are permitted. An account opened for a minor girl will be managed by the natural or legal guardian until she reaches adulthood.

TYPE OF ACCOUNT:

The minimum deposit is Rs. 1000/- and the maximum is Rs. 200,000/-.

The scheme offers an annual interest rate of 7.5%. Interest will be compounded quarterly and deposited into the account. Eligible interest will be disbursed upon closure, pre- closure, or partial withdrawal of the account.

After one year from the date of deposit, up to forty percent (40%) of the eligible balance can be withdrawn. This partial withdrawal option is accessible only once before maturity.

PARTIAL WITHDRAWAL: 

The Mahila Samman Saving Certificate Scheme has been rolled out through banks and post offices across the country.