Things to know about Mahila Samman Saving Certificate Scheme | Fusion - WeRIndia

Things to know about Mahila Samman Saving Certificate Scheme

Things to know about Mahila Samman Saving Certificate Scheme

Mahila Samman Saving Certificate Scheme is a government initiative that aims to encourage women to save for their future.

The scheme offers attractive interest rates and is an excellent option for those who wish to invest their savings safely and securely.

The scheme offers an interest rate of 7.5% per annum. The minimum investment amount is ₹1,000. An amount in multiples of ₹100 is allowed to invest in the account. The maximum amount allowed in the scheme is ₹ 2lakhs.

It is a one-time investment scheme with a tenure of 2 years. The amount can be invested in the name of a girl or woman under the plan.


As it is a one-time investment, no further deposits are allowed. A partial withdrawal of 40% is allowed after the first year.

This option is beneficial for those who wish to withdraw before maturity. For this, the account holder has to submit a Form-3 application.

The scheme is available to all Indian women. Any woman can open a Mahila Samman account by submitting Form – I by March 31, 2025. They can open the account in their name or any other girl’s.

The scheme comes with several benefits, including easy access to funds, low investment risk, and guaranteed returns. Additionally, the scheme also provides an opportunity for women to become financially independent and secure their future.

Premature closure of the account is not allowed except under certain conditions. For instance, it can be closed in the event of the death of the account holder.

The Mahila Samman Saving Certificate Scheme is a part of the government’s efforts to promote financial inclusion and empower women. The scheme is an excellent investment option for women who wish to save for their future, especially those who are risk-averse and seek safe investment options.

It is a step towards empowering women financially and promoting financial inclusion in the country.

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