{"id":14186,"date":"2026-05-27T07:39:02","date_gmt":"2026-05-27T07:39:02","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/glossary\/mahila-samman-savings-certificate\/"},"modified":"2026-05-27T07:39:02","modified_gmt":"2026-05-27T07:39:02","slug":"mahila-samman-savings-certificate","status":"publish","type":"glossary","link":"https:\/\/lemonn.co.in\/blog\/glossary\/mahila-samman-savings-certificate\/","title":{"rendered":"Mahila Samman Savings Certificate"},"content":{"rendered":"

Mahila Samman Savings Certificate<\/a> is a one-time small savings scheme for women and girls announced in the Union Budget 2023-24. The scheme offers an interest rate of 7.5% per annum for a 2-year tenure and includes a partial withdrawal facility. It was available from April 2023 to March 2025 and was a time-limited scheme to encourage women’s financial savings.<\/p>\n

What Is the Mahila Samman Savings Certificate?<\/h2>\n

This is a government-backed savings scheme specifically for women and girl children, administered through post offices and authorised banks. It provides a guaranteed return of 7.5% per annum compounded quarterly, making it one of the higher-returning risk-free savings instruments available to women.<\/p>\n

The scheme aimed to promote women’s savings and financial independence during the two-year window.<\/p>\n

Key Features<\/h2>\n

– **Interest rate**: 7.5% per annum, compounded quarterly
\n– **Tenure**: 2 years from the date of account opening
\n– **Maximum investment**: Rs 2 lakh per account
\n– **Partial withdrawal**: up to 40% of the eligible balance can be withdrawn once after 1 year
\n– **Eligibility**: any woman or a guardian on behalf of a minor girl child
\n– **Multiple accounts**: a woman can hold multiple accounts in different post offices or banks, subject to the aggregate limit of Rs 2 lakh per person
\n– **Availability**: April 2023 to March 2025<\/p>\n

How to Open<\/h2>\n

Available at:
\n– Post offices across India
\n– Authorised public and private sector<\/a> banks<\/p>\n

Documents required:
\n– Aadhaar card and PAN card<\/a>
\n– Filled application form
\n– Initial deposit amount<\/p>\n

Tax<\/a> Treatment<\/h2>\n

The interest earned is taxable as income from other sources at the applicable income tax<\/a> slab rate. There is no Section 80C<\/a> deduction on the principal invested.<\/p>\n

Comparison with Other Small Savings Instruments<\/h2>\n

| Instrument | Interest Rate | Duration | Tax Benefit |
\n|———–|————–|———|————-|
\n| Mahila Samman Savings Certificate | 7.5% | 2 years | No |
\n| NSC | 7.7% | 5 years | Section 80C |
\n| Senior Citizen Savings Scheme | 8.2% | 5 years | Section 80C |
\n| Post Office FD (2 yr) | 7.0% | 2 years | No |<\/p>\n

Practical Example<\/h2>\n

Radha invests Rs 2 lakh in the Mahila Samman Savings Certificate in June 2023. At 7.5% compounded quarterly, after 2 years she receives approximately Rs 2,32,044. She can also withdraw up to Rs 80,000 (40% of balance) after one year if needed, without closing the account.<\/p>\n

Key Takeaways<\/h2>\n

– Mahila Samman Savings Certificate offered 7.5% interest for 2 years exclusively for women and girl children
\n– Maximum investment of Rs 2 lakh per person; partial withdrawal of 40% allowed after 1 year
\n– Available at post offices and select banks between April 2023 and March 2025
\n– Interest is taxable; no Section 80C deduction available
\n– Suitable for women seeking a short-term, risk-free savings option with guaranteed returns<\/p>\n","protected":false},"excerpt":{"rendered":"

Mahila Samman Savings Certificate is a one-time small savings scheme for women and girls announced in the Union Budget 2023-24. The scheme offers an interest rate of 7.5% per annum for a 2-year tenure and includes a partial withdrawal facility. It was available from April 2023 to March 2025 and was a time-limited scheme to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"menu_order":0,"template":"","meta":{"_uag_custom_page_level_css":"","footnotes":""},"class_list":["post-14186","glossary","type-glossary","status-publish","hentry"],"blocksy_meta":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"web-stories-poster-portrait":false,"web-stories-publisher-logo":false,"web-stories-thumbnail":false},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/ashu\/"},"uagb_comment_info":0,"uagb_excerpt":"Mahila Samman Savings Certificate is a one-time small savings scheme for women and girls announced in the Union Budget 2023-24. The scheme offers an interest rate of 7.5% per annum for a 2-year tenure and includes a partial withdrawal facility. It was available from April 2023 to March 2025 and was a time-limited scheme to…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/14186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/3"}],"version-history":[{"count":0,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/glossary\/14186\/revisions"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=14186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}