As per Govt. of India’s instructions ‘No new deposit shall be accepted under MSSC Scheme with effect from 01.04.2025’.
Union Budget 2025
| Interest Rate | 7.5% p.a. |
| Compounded | Quarterly |
| Tenure | 2 Years |
Who can open
- By a woman for herself.
- By the guardian on behalf of a minor girl.
Deposit
- Minimum of rupees one thousand and in multiple of rupees one hundred.
- Maximum limit of rupees two lakh in an account or all account hold by an account holder.
- A time gap of three months shall be maintained between the existing account and the opening of other account.
Interest
- Deposit shall eligible for 7.5 per cent interest per annum.
- Interest will be compounded quarterly and credited in account and paid at the time of closure of account.
- Account opened or deposit made in-contravention of rules will be eligible for interest @ PO Savings Account.
Withdrawal
40% withdrawal of eligible balance can be taken after one year from the date of account opening.
Pre-mature closure
- On the death of the account holder
- On extreme compassionate ground
- Life threatening decease of account holder
- death of the guardian on production of relevant documents.
Note:-Scheme interest will be paid on principal amount.
- After six months of account opening without mentioning any reason.
Note:-Scheme interest less by 2 per cent will be paid e.g. 5.5%.
Maturity
After two years from the date opening eligible balance will be paid to the depositor.
How to open account
- Submit Account Opening Form,
- KYC Document (Aadhaar and PAN card),
- KYC form for new account holder,
- Pay-in-Slip alongwith deposit amount/cheque at nearest post office.
Mahila Samman Savings Certificate vs Other Post Office Saving Schemes
| Savings Schemes | Rate of Interest |
| Mahila Samman Savings Certificate | 7.5% |
| Post Office Savings Account (SB) | 4% |
| Post Office Recurring Deposit (RD) | 6.7% |
| Post Office Time Deposit (1, 2, 3 years) (TD) | 6.9%, 7%, 7.1% respectively |
| Post Office Time Deposit (5 years) (TD) | 7.5% |
| Post Office Monthly Income Scheme (POMIS) | 7.4% |
| National Savings Certificates (NSC) | 7.7% |
| Senior Citizens Savings Scheme (SCSS) | 8.2% |
| Kisan Vikas Patra (KVP) | 7.5% |
| Public Provident Fund (PPF) | 7.1% |
| Sukanya Samriddhi Yojana (SSY) | 8.2% |