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Banking,Financial Services and Insurance; Women and Child

Mahila Samman Savings Certificate

The scheme “Mahila Samman Savings Certificate” was launched by the Department of Economic Affairs, Ministry of Finance to provide financial security to every girl and woman in India.

Authority

Central

Region

Central Government

Status

Verified 2026

Updated

March 2026

What you get

- The scheme provides attractive and secure investment options to all girls and women. | - The scheme offers an attractive and fixed interest of 7.5% interest compounded quarterly with flexible investment and partial withdrawal options with a maximum ceiling of ₹2,00,000/-. | - The tenure of the scheme is two years. | - Interest shall be compounded on a quarterly basis and credited to the account. | Note: The interest payable to the account holder in respect of any account opened or deposit made which is not in consonance with the provisions of this Scheme shall be payable at the rate applicable to the Post Office Savings Account.

Who can apply

An individual may open any number of accounts subject to the maximum limit for deposit and a time gap of three months shall be maintained between the existing account and the opening of other accounts.; A minimum of ₹1000/- and any sum in multiples of one hundred rupees may be deposited in an account and no subsequent deposit shall be allowed in that account.; A maximum limit of ₹2,00,000/- shall be deposited in an account or accounts held by an account holder.; The deposit shall mature on completion of two years from the date of the deposit and the Eligible Balance may be paid to the account holder on maturity.; In calculating the maturity value, any amount in fraction of a rupee shall be rounded off to the nearest rupee, and for this purpose; any amount of fifty paisa or more shall be treated as one rupee, and any amount less than fifty paisa shall be ignored.; The account holder shall be eligible to withdraw a maximum of up to 40% of the Eligible Balance once after the expiry of one year from the date of opening of the account but before the maturity of the account.; In case of an account opened on behalf of a minor girl, the guardian may apply for the withdrawal for the benefit of the minor girl by submitting the specified certificate to the accounts office.; In calculating the withdrawal from the account, any amount in fraction of a rupee shall be rounded off to the nearest rupee, and for this purpose; any amount of fifty paisa or more shall be treated as one rupee, and any amount less than fifty paisa shall be ignored.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the 'Mahila Samman Savings Certificate' scheme?

It is a small savings scheme introduced by the Government of India for women with a maturity period of two years. A woman or guardian of a girl child can open this account and deposit a maximum amount of [?]2 lakhs.

What is the interest rate of the Mahila Samman Savings Certificate?

The interest rate is 7.5% p.a., credited quarterly and paid at the time of closure of the account.

Who can open an account under the scheme?

- A woman for herself. | - A guardian on behalf of a minor girl.

What is the benefit of the scheme?

Women will get a 7.5% interest p.a. for the one-time deposit made by them at the end of two years.

Where to open under the scheme?

Applicants can open an account through their nearest Post Office Branch or Bank.

When is the investment period for this scheme?

The scheme is available for investment for a duration of two years, starting from April 1, 2023, to March 31, 2025.

What is the minimum and maximum investment allowed?

The minimum investment amount for this scheme is [?]1000/-, while the maximum deposit in a single account is capped at [?]2 lakhs.

When does the maturity of the account occur?

After two years from the date of opening, the eligible balance will be paid to the depositor.

Can the Mahila Samman Savings Certificate be closed prematurely?

Yes, investors can close the account before two years in certain situations, including after six months of opening without providing any reason. In such a case, an interest rate is less by two percent. Other situations for premature closure include the death of the account holder or extreme compassionate grounds.

How does the withdrawal process work?

40% of the eligible balance can be withdrawn after one year from the date of account opening.

Under what circumstances can pre-mature closure occur?

The account shall not be closed before maturity except in the following cases, namely:- | on the death of the account holder; | where the post office or the Bank concerned is satisfied, in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian, that the operation or continuation of the account is causing undue hardship to the account holder, it may, after complete documentation, by order and for reasons to be recorded in writing, allow premature closure of the account.