Mahila Samman Saving Certificate

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 Nirmala Sitharaman  on 1 February announced a new investment scheme called Mahila Samman Saving Certificate  and which will be available till March 2025 for women or girl.


  • A women for herself or by the guardian on behalf of a minor girl can open this scheme.
  • The scheme tenure is 2 years and will offer a fixed rate of interest at 7.5% per annum.
  • After maturity eligible amount will be paid to the depositor.
  • Interest will be compounded quarterly and credited in account and paid at the time of closure of an account.
  • Minimum of Deposit 1000/- rupees and in multiples of hundred.
  • Maximum Deposit in the scheme is 2 Lakh.
  • It is also having some partial which is 40%  withdrawal facility in eligible balance and can be taken after one year from the date of account opening.
  • One can invest in this scheme by opening an account with the Post office or by downloading the online form through India Post Office website, filling it out and submit it along with KYC document (Aadhar or PAN card) in nearest Post Office Branch.
  • Require KYC form for new account holder.
  • Pay-in-Slip along with the deposit amount or cheque at nearest post office.

                                                                             Calculation

Suppose if you invest Rs.200000 after first year you will get Rs.15,000 interest to your principle amount, and in the second year you will get Rs.16,125 interest,
In total after your maturity you will get Rs.2,31,125.
you can also open multiple accounts but there should be some timeline to open another account.

Quote of the day : "Save today, rejoice tomorrow"

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