Secure your future and empower women with Mahila Samman Savings Certificates

Ever wondered about empowering women? Unlock full financial freedom for women with the Mahila Samman Savings Certificate at your bank today!

How to invest in Mahila Samman Savings Certificate through your bank

The Mahila Samman Savings Certificate (MSSC) has brought a groundbreaking opportunity for women to secure their financial future. As part of a government-run scheme for women, the MSSC aims to empower and encourage women to save wisely. Previously available exclusively in post offices, this two-year savings scheme has now expanded its reach to your trusted bank. Since the Budget of 2023 has focused on promoting financial independence, the MSSC provides a unique avenue for women (and girl children) to invest their savings and earnings and build a solid foundation for tomorrow. This article discusses the benefits and highlights of the Mahila Samman Savings Certificate.


  • Guaranteed 7.5% interest on your deposits.
  • Available for subscription from April 1, 2023, to March 31, 2025.
  • The amount deposited in MSSC matures in two years.
  • The maximum deposit limit is INR 2 lakhs.


Also Read: Why Choose Mahila Samman Certificate over PPF, and Senior Citizen Scheme?

Mahila Samman Scheme: Better access for women

The Ministry of Finance has expanded the availability of the MSSC scheme. Now, all scheduled banks can issue the MSSC alongside post offices. This move aims to provide women with better and easier access to the scheme. The Bank of India was the first bank to launch the MSSC, in all its branches.

Features of the Savings Scheme

  • Deposits allowed in the name of a girl child or woman.
  • Guaranteed 7.5% annual interest on the deposit.
  • The Mahila Samman Savings Certificate is available for subscription from April 1, 2023, to March 31, 2025.
  • The amount deposited in MSSC matures in two years.
  • The maximum deposit limit is INR 2 lakhs
  • Partial withdrawal (up to 40% of the eligible balance) is permitted during the investment term. However, there are no tax benefits.

Fixed Deposits Vs MSSC

MSSC is an excellent alternative to fixed deposits because it offers higher returns than most bank FDs. Additionally, the facility of partial withdrawal takes care of liquidity concerns.

How to invest in MSSC through banks?

  • Eligible Banks: All branches of public sector banks, HDFC, ICICI, Axis, and IDBI.
  • Sample form is available here.
  • Women individuals and guardians on behalf of a minor girl can invest by submitting filled in and signed application at the branch.
  • Required Documents: Passport photo, PAN card, Aadhar card.
  • Optional Documents: Passport, driving license, voter’s ID, NREGA job card, National Population Register letter.

Also Read: What good news did the Budget 2023 bring for people investing in small savings schemes?

Should you consider investing?

This government-backed savings scheme offers a higher interest rate than bank fixed deposits (FDs) and Post Office time deposits of similar tenure. Hence, it's a viable option for women looking to park their money for a short period of two years. The MSSC also has an upper cap of Rs 2 lakh, making it a good option for women new to investing or without excessive disposable income. In sum, the MSSC is a good investment for women and girl children looking for a safe, secure, and profitable way to invest their money for a short period.

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