Mahila Samman Savings Certificate is not accepting new investments anymore. This was a one-time government small savings scheme that ran for two years, from April 2023 to March 2025. People who already invested continue to earn 7.5% interest until their certificates mature.
This scheme was made for Indian women and minor girls who wanted a safe, government-backed way to save money. It was managed by the Department of Economic Affairs under the Ministry of Finance. The e-gazette notification was published on June 27, 2023, and it was open for subscription at post offices and eligible scheduled banks.
Scheme has been closed or it was a one time scheme which has been closed by the government.
What Mahila Samman Savings Certificate Offered
During its active period, the scheme provided a fixed interest rate of 7.5% per annum, compounded quarterly for better returns. A person could start with just ₹1,000 and go up to ₹2,00,000 per account. Investors could withdraw up to 40% of the balance one year after opening the account, and premature closure was possible after six months under special conditions.
Eligibility
Any Indian woman, at any age, could open an account for herself. A parent or legal guardian could open an account on behalf of a minor girl. Each account had to be a single-holder account.
Documents Needed
When the scheme was active, investors had to submit a few documents to get started. These included passport-sized photographs, proof of age like a birth certificate, KYC documents such as an Aadhaar card or PAN card, address proof like a passport, driving license, voter ID card, or NREGA job card, and a pay-in-slip with the deposit.
| Detail | Information |
|---|---|
| Scheme Name | Mahila Samman Savings Certificate |
| Launched By | Department of Economic Affairs, Ministry of Finance |
| Beneficiaries | Indian women and minor girls |
| Interest Rate | 7.5% per annum |
| Tenure | 2 Years (closed since March 2025) |
| Investment Limit | ₹1,000 to ₹2,00,000 |
| Current Status | Closed for new investments |
| Official Website | dea.gov.in |
FAQ's
What was the Mahila Samman Savings Certificate?
It was a one-time small savings scheme by the government of India, offering a fixed 7.5% interest rate per annum to women and minor girls for a 2-year period, from April 2023 to March 2025.
Why is the scheme no longer available for new investments?
The Department of Economic Affairs, Ministry of Finance, officially discontinued the scheme from March 31, 2025. A formal letter dated March 27, 2025, confirmed that no new deposits would be accepted after this date.
Can existing investors still access their accounts?
Yes. Existing investors continue to earn 7.5% interest until their certificates reach maturity. They can also withdraw up to 40% of the balance after one year, as per the original scheme rules.
Was the scheme ever extended beyond March 2025?
No. The government did not extend or renew the scheme. It was a time-bound, one-time investment opportunity that ended on March 31, 2025.