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ImageMahila Samman Savings Certificate (MSSC), 2023

Mahila Samman Savings Certificate, 2023 is a small savings scheme by Govt. of India for women beneficiaries. It aims at inculcating the habit of savings among the women of India.


  • A resident Indian woman beneficiary – Age no bar.
  • Accounts can be opened for and on behalf of a minor girl by her natural/legal guardian.

Type of Account:

  • Only single accounts are allowed.
  • Account opened on behalf of a minor girl shall be operated by the natural/legal guardian till she attains majority.

Deposit Limits:

  • Minimum Rs.1000/- and maximum Rs.200000/-
  • The deposit amount must be in multiples of Rs.100/-
  • Only one deposit is allowed in one account.
  • There is no cap on number of accounts for a single depositor subject to condition that the cumulative amount in all the accounts under this scheme shall not exceed ₹200000/-
  • A time gap of 3 months to be maintained between opening of two accounts under this scheme for the same customer.

Interest :

  • The scheme has rate of interest 7.5% per annum.
  • The interest shall be compounded quarterly and credited to the account.
  • The eligible interest shall be paid at the time of closure/pre-closure/partial withdrawal of the account.

Maturity :

  • The deposit under this scheme matures on completion of 2 years from the date of deposit.

Partial Withdrawal :

  • Maximum up to forty percent (40%) of eligible balance can be withdrawn after expiry of one year from the date of deposit.
  • The partial withdrawal facility is available only once before maturity.

Pre-mature Closure :

  • Pre-mature closure is permitted in the following cases, namely:
    • On the death of the account holder.
    • Medical support in case of life-threatening disease of the account holder.
    • Death of the guardian resulting in undue hardship in operation or continuation of the account.
    • For the above categories of pre-closures, interest on principal amount shall be payable at the prescribed rate of interest for the scheme.
  • For reasons other than the above, pre-mature closure may be allowed any time after the expiry of 6 months from the date of opening.
    • Interest in case of such pre-mature closures shall be payable at lower by 2% than the prescribed Rate of Interest for the scheme.