- Mahila Samman Saving Certificate offers a 7.5% fixed interest rate for two years only for women and girls.
- You can deposit up to Rs 2 lakh with the option to partially withdraw if needed.
- This scheme supports women’s financial independence along with other government programs like self-help groups and PM-Kisan benefits.
Let me tell you about the Mahila Samman Saving Certificate, a new small savings scheme started to help women manage their finances better. It offers a fixed interest rate of 7.5% on deposits for two years. Available only to women and girls, this scheme is a great chance to save money safely with the government’s support. Keywords related to this scheme such as Mahila Samman Saving Certificate guide you to protect your financial future with attractive rates and useful benefits.
Who Can Apply and What You Get
Women and girls can open the Mahila Samman Saving Certificate in their name. You can deposit up to Rs 2 lakh. The scheme gives a fixed interest rate of 7.5% per year for two years, which is better than regular savings accounts and fixed deposits. Besides good returns, the certificate lets you partially withdraw money during the two years if you need to, making it easier to access your funds when emergencies come up.
How You Can Invest in Mahila Samman Saving Certificate
Investing in this scheme is simple. You can visit your nearest post office or authorized bank to apply offline, or use the official government savings website online for easier access. The process usually involves filling out an application form with details of the woman or girl for whom the certificate is issued, submitting necessary KYC documents, and depositing your money. After processing, you will get your Mahila Samman Saving Certificate as proof of your investment.
Partial Withdrawal and Term Details
Your deposit stays locked for two years. But if you face urgent money needs, you can partially withdraw funds without closing the entire deposit. This feature offers more flexibility than traditional fixed deposits, so you can keep control of your money while earning good returns.
How Mahila Samman Saving Certificate Helps Women’s Financial Independence
This scheme is not just another investment option; it aims to boost women’s economic independence. By encouraging women to own their savings directly, it helps improve financial knowledge and confidence. The government connects this scheme with bigger programs like the Deendayal Antyodaya Yojana National Rural Livelihood Mission, which supports 81 lakh self-help groups of women, making the impact even stronger.
Links with Other Government Financial Schemes for Women
Apart from the Mahila Samman Saving Certificate, many government schemes help women financially. For example, under PM-Kisan Samman Nidhi, over Rs 54,000 crore has been given to almost three crore women farmers, giving them important income support. All these programs work together to uplift women by providing resources and financial stability.
Government Savings Schemes for Senior Citizens and Others
The government also supports other groups by increasing investment limits in senior citizen schemes. For example, the Senior Citizen Savings Scheme (SCSS) investment limit has doubled from Rs 15 lakh to Rs 30 lakh. Similarly, the postal monthly income scheme now allows investments up to Rs 9 lakh compared to the earlier Rs 4.5 lakh. These schemes go well with the Mahila Samman Saving Certificate by offering safe income options backed by the government.