Mahila Samman Saving Certificate Scheme – How to Apply, Eligibility and More

Mahila Samman Saving Certificate Scheme – How to Apply, Eligibility, Interest Rate, and More: The Union Ministry of Finance announced the Mahila Samman Savings Certificate-2023 scheme, which will be available in more than 1.59 lakh post offices nationwide. Nirmala Sitharaman, the union finance minister, launched the scheme during her 2023-24 budget speech. It is a one-time small savings scheme for girls and women, and it was made public to celebrate “Azadi ka Amrit Mahotsav.”

Mahila Samman Saving Certificate Scheme

Mahila Samman Saving Certificate Scheme

The interest rate on the Mahila Samman Savings Certificate is set for 24 months, from April 2023 to March 2025. The government of India has also raised the interest rates on different Small Savings Schemes by up to 70 basis points for the first quarter of the financial year 2023–24. Interest rates are reviewed every three months. Find out how to invest in the “Mahila Samman Savings Certificate” and other important information about the scheme.

Eligibility Criteria :

Only a girl or woman can open a Mahila Samman Savings Certificate.

Interest Rate:

This scheme will offer a fixed interest rate of 7.5%, much higher than most bank Fixed Deposits (FDs) and other popular small savings schemes.


This scheme is a one-time offer for two years, from 2023 to 2025.

Tax Benefits:

Section 80C usually allows tax breaks for small savings plans. However, the taxation of this scheme has not yet been decided.

Mahila Samman Savings Certificate Calculation:

Suppose you invest some of the amounts in the Mahila Samman Savings Scheme for two years. Your interest is fixed at 7.5% yearly.

How to get a Mahila Samman Savings Certificate?

Starting April 1, 2023, women and girls can invest in this scheme through state-owned banks. Here are the steps to invest in Mahila Samman Savings Certificate:

1) You can get the Mahila Samman Bachat Patra Yojana form at any bank or post office participating in this scheme.
2) Fill out the application form by listing your personal, financial, and nomination information.
3) Submit the form along with the needed documents, such as evidence of identification and address.
4) Choose the deposit amount and pay it in cash or a cheque.
5) Get the certificate that shows you invested in the Mahila Samman Savings Certificate scheme.

Mahila Samman Saving Certificate Scheme

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