Mahila Samman Savings Certificate (MSSC): Interest, Limits and Status
Last updated: 2026-11-13 · MockMentor
The Mahila Samman Savings Certificate (MSSC) was a one-time small savings scheme for women and girls, announced in Budget 2023-24. It was open from 1 April 2023 to 31 March 2025 and has not been extended. Existing certificates run to their two-year maturity.
In one line: a short, two-year deposit for women at a fixed 7.5%, offered for a limited window to bring more women into formal savings.
At a glance
| Item | Details |
|---|---|
| Launched | 1 April 2023 |
| Status | Closed to new deposits after 31 March 2025 |
| Ministry | Finance (Department of Economic Affairs) |
| Who | Any woman, or a girl through a guardian; individual accounts only |
| Investment | ₹1,000 to ₹2 lakh in total |
| Interest | 7.5% fixed, compounded quarterly, paid at maturity |
| Tenure | 2 years |
Key rules
- Partial withdrawal of 40% once, after one year.
- Early closure after six months at 2% lower interest, or anytime on compassionate grounds at full interest.
- No 80C deduction; interest is taxable, but no TDS is deducted.
Unlike the Sukanya Samriddhi Account, MSSC has no EEE status.
Possible exam questions
- How can savings products be designed to raise women's participation in formal finance?
- Compare MSSC with the Sukanya Samriddhi Account.
Complete notes in our courses: this page gives the essentials. The Super-Elite and Elite courses carry the full chapter with every update merged in, plus practice MCQs. Compare the courses.
More in Finance Ministry schemes
- National Pension System (NPS)
- Unified Pension Scheme (UPS)
- Atal Pension Yojana (APY)
- PM Vaya Vandana Yojana (PMVVY)
- PM Jeevan Jyoti Bima Yojana (PMJJBY)
Prepare with MockMentor
RBI Grade A/B 2027 Super-Elite Course (₹7,500) – Complete Phase 1 and Phase 2 preparation with the Descriptive Writing Programme. 365 days validity.