Mahila Samman Savings Certificate Scheme 2024, Apply Online, Eligibility Criteria, MSSC, Interest Rate

Mahila Samman Savings Certificate Scheme:- The Government has introduced a new initiative aimed at benefiting women citizens within the state. Known as the MSSC Mahila Samman Savings Certificate Yojana 2024, it was launched on April 1, 2024, with a duration of 2 years. Prior to applying for this scheme, women citizens need to verify their eligibility through the Mahila Samman Bachat Patra Scheme Eligibility 2024. The process of applying for the MSSC Yojana 2024 is explained in this article. The interest rate for the MSSC Yojana 2024 is set at 7.5%. This article provides insight into the benefits of the Mahila Samman Savings Certificate 2024 Scheme as well as its distinctive features. To apply online for the scheme, individuals can visit either the post offices or public sector banks.

This scheme, which was announced in the 2024 Budget, has now been officially launched. We’ll delve into details such as returns, tenure, withdrawals, and taxation associated with this scheme. The Mahila Samman Savings Certificate is tailor-made for women investors as part of a small-savings initiative. Its primary purpose is to encourage women’s involvement in investments and enhance their financial inclusion. Let’s explore the intricacies of this scheme further.

Mahila Samman Savings Certificate 2024 Yojana

In the recent Union Budget of 2024-24, the Government of India has launched a brand-new initiative known as the MSS Certificate Scheme. This scheme, which began on April 1, 2024, has been designed to empower the women citizens of the country by offering them a unique savings opportunity. It’s essentially a small savings program aimed at encouraging women to invest for their financial well-being. Under this scheme, women have the chance to invest up to a maximum of 2 lakh rupees for a period of 2 years in either Post Offices or Government/Private banks. In return, they will earn a fixed annual interest of 7.5%, which will be credited to their accounts on a quarterly basis and compounded. The account can be opened by the woman herself or by a guardian if it’s for a minor child.

Mahila Samman Savings Certificate 2024 Yojana

This scheme is a one-time opportunity, requiring a minimum investment of Rs 1000, to be held for a 2-year term. Since it’s backed by the Government, there’s no credit risk involved. The minimum deposit amount is Rs 1000, and deposits can be made in multiples of Rs 100. The upper investment limit is 2 lakh rupees. Eligible women or guardians of minor girls also have the option to open a second account, but they must wait for a minimum of 3 months after the opening of the first account. Since the interest rate remains consistent across all banks, there are no restrictions on where you can open an account. To participate, individuals need to submit necessary documents during the account opening process. For further insights into the benefits of the MSSC Scheme 2024, we recommend reviewing the scheme’s details in full.

Mahila Samman Savings Scheme Overview

Scheme name Mahila Samman Savings Certificate 2024 Scheme
Launched on 1 April 2024
Launched by Government of India
Presented in Union Budget of 2024-24
Beneficiary Women of country
Mahila Samman Bachat Patra Scheme Eligibility 2024 Women or guardians of minor girl children.
Minimum investment amount Rs 1000
Maximum investment amount Rs 200000
Interest rate 7.5%
Tenure 2 years
Scheme valid till 31 March 2025
Withdrawal 40% of the amount
Documents required Mentioned below
Returns Guaranteed
Total accounts 2
Category Sarkari Yojana
Where to open account Post Office or Banks

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What Is the Mahila Samman Saving Certificate?

The Mahila Samman Savings Certificate is a special savings initiative introduced by the government through the 2024 Budget. Its main objective is to empower women by encouraging them to engage in investments.

This scheme offers a guaranteed opportunity for women to earn a stable interest of 7.5% on their investments. It’s a one-time offer available for a limited period of two years, beginning from April 1, 2024, and concluding on March 31, 2025. Beyond this timeframe, the scheme won’t be open for new investments.

Key Features of the Mahila Samman Savings Certificate
Eligibility Any women, including minor
Interest rate 7.50%
Minimum investment Rs 1,000
Maximum investment Rs 2 lakh (combined in all accounts)
Maturity period 2 years


MSSC Yojana 2024 Features

  • The MSSC Scheme 2024 will provide guaranteed returns as it has been backed by the Government.
  • The minimum limit of the investment is Rs 1000 which can be done in multiples of one hundred.
  • The maximum limit of investment is Rs 200000 which will not exceed at any time.
  • The period of the investment is 2 years only.
  • The rate of the interest of the investment is fixed to 7.5% per annum which will be credited in the account of the holder on the quarterly basis.

MSSC Scheme Eligibility 2024

The scheme is exclusively for women citizens of the country, and even guardians of minor girls can open accounts for them. The eligibility for the Mahila Samman Bachat Patra Scheme 2024 is limited to women. Remember, the account must be opened by March 31, 2025, as the scheme has a tenure of 2 years.

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Interest Rate 2024

Women in the country can invest a maximum of Rs 2,00,000 in this scheme, and they will receive interest on their investment. The interest rate for the MSSC Yojana 2024 is set at 7.5% per year. This interest rate remains the same whether the investment is made through banks or post offices. The interest amount will be credited to the account holders’ account on a quarterly basis and will be compounded.

MSSC Scheme Partial Withdrawal Amount 2024

Those who have invested in the MSSCS 2024 can also withdraw a portion of their money from the scheme. The scheme allows for a withdrawal of 40% of the total invested amount. However, this withdrawal is possible only after one year from the date of opening the account. Since there are no tax benefits associated with this scheme, the withdrawal process is straightforward and hassle-free.

How To Apply Mahila Samman Bachat Patra Yojana 2024?

  1. Visit Authorized Institutions: Approach any recognized post office, public sector bank, or authorized financial institution that offers the Mahila Samman Savings Certificate.
  2. Obtain Application Form: Request the application form for the Mahila Samman Bachat Patra Yojana from the institution’s counter.
  3. Fill Form: Carefully fill out the application form with accurate personal and financial information.
  4. Submit Documents: Attach the necessary documents required for identity and address verification, which could include Aadhaar card, PAN card, passport, etc.
  5. Provide Photographs: Affix passport-sized photographs as per the instructions on the application form.
  6. Deposit Amount: Deposit the desired investment amount, which can be a minimum of Rs 1000 and in multiples of Rs 100 thereafter, up to a maximum of Rs 2 lakh.
  7. Submit Application: Submit the completed application form along with the required documents and the investment amount to the institution’s representative.
  8. Acknowledgment: Upon submission, you will receive an acknowledgment receipt. This may contain important information and details about your investment.
  9. Track Progress: Keep the acknowledgment receipt safe for future reference. You can track your investment and any related updates using this receipt.

Documents Required

  • Aadhar Card
  • Voter ID
  • Driving License
  • PAN Card
  • Application Form
  • KYC form of New Account Holders
  • Pay In Slip.


What is the Mahila Samman Savings Certificate Yojana 2024?

The Mahila Samman Savings Certificate Yojna 2024 is a government-backed savings scheme aimed at empowering women by encouraging their participation in investments.

Who is eligible to apply for the scheme?

The scheme is exclusively for women citizens of the country. The guardian of a minor girl child can also open an account on her behalf.

What is the maximum investment limit?

Women can invest a maximum amount of Rs 2,00,000 in the scheme.

What is the interest rate offered under this scheme?

The scheme offers a fixed interest rate of 7.5% per annum on the invested amount.

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