Mahila Samman Savings Certificate (MSSC):Post Office Savings Schemes

The Mahila Samman Savings Certificate (MSSC) is a government-backed savings scheme aimed at empowering women by providing a secure and attractive investment option. Launched in 2023, this scheme offers a fixed interest rate with flexible terms, making it ideal for women and girls looking for financial growth. Available at both Post Offices and select banks, it is designed to encourage savings among women.

The Mahila Samman Savings Certificate is a small savings scheme introduced by the Ministry of Finance to promote financial security for women. With an interest rate of 7.5%, compounded quarterly, this scheme is available for a limited period until March 2025. The Mahila Samman Savings Certificate Post Office Interest Rate makes it a highly competitive savings instrument compared to other options.

Objectives

• To promote savings among women and girl children.
• To offer a secure investment option with a competitive Mahila Samman Savings Certificate Interest Rate.
• To enable partial withdrawals during the scheme period.

Eligibility Criteria

• Only Indian women can apply.
• Accounts can be opened for minor girls by their legal guardians.
• Women of all ages can benefit from this scheme.

Benefits

• Attractive interest rate of 7.5%, compounded quarterly.
• Flexible withdrawal option: Up to 40% of the balance can withdrawn after one year.
• Secure investment with a maximum limit of ₹2,00,000/-.
• Available at Post Offices and select banks like PNB and SBI, making it easily accessible.

Required Documents

• Passport-size photograph.
• Aadhaar Card for identity proof.
• PAN Card for tax-related purposes.
• Proof of age (Birth Certificate, if required for minors).
• Filled MSSC Form available at designated banks and Post Offices.
• Address proof such as Passport, Driving License And Voter’s ID card.

How to Apply

• Visit the nearest Post Office or a designated bank like PNB or SBI.
• Obtain the Mahila Samman Savings Certificate Form or download it from the official website.
• Fill in the form with all necessary details, including identity and address proof.
• Submit the form along with the initial deposit, which must be between ₹1,000 and ₹2,00,000/-.
• Receive your Mahila Samman Savings Schemes as proof of your investment.

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Interest Rate and Calculator

The Mahila Samman Savings Certificate Interest Rate of 7.5% per annum, compounded quarterly, ensures that your investment grows steadily over time. You can use the MSSC to estimate your returns clearly And before making a deposit. This tool helps you plan your investment wisely, comparing it with other savings options.

Partial Withdrawal and Maturity

One of the key features of the Mahila Samman Savings Schemes is its flexibility in allowing partial withdrawals. After one year of opening the account, you can withdraw up to 40% of the balance. The scheme matures after two years, and you can withdraw the full amount, including the accrued interest. The Mahila Samman Savings Certificate Post Office ensures easy withdrawals and account management.