Mahila Samman Saving Scheme how to Open Online

Are you ready to take control of your financial future? The Mahila Samman Saving Scheme is your key to financial empowerment, and the best part is that you can open it online, hassle-free. In this blog post, we’ll walk you through the process of opening a Mahila Samman Saving Scheme

account online, step by step.

It’s your chance to invest in a scheme that’s tailor-made for women, with an attractive interest rate and tax-free returns. So, let’s dive right in and discover how you can secure your financial dreams with the Mahila Samman Saving Scheme, all from the comfort of your home.

Mahila Samman Saving Scheme how to Open Online

The Mahila Samman Savings Certificate (MSSC) is a new savings scheme launched by the Government of India in September 2023, tailored to benefit women, including minor girls. Offering a competitive annual interest rate of 7.5%, this two-year deposit scheme is designed to provide a safe and secure investment option for women to achieve various financial goals.

In this comprehensive guide, we will walk you through the steps to open an MSSC account online, explain the benefits, eligibility criteria, and how to manage your investment.


Opening an MSSC Account Online

To open an MSSC account online, follow these simple steps:

  • Visit an Authorized Bank or Post Office Website: Begin by visiting the official website of a bank or post office that offers the Mahila Samman Savings Certificate scheme.
  • Navigate to the Account Opening Section: Look for a dedicated section or link on the website to open a new MSSC account.
  • Complete the Online Application Form: Fill out the online application form with accurate details. This form will require information such as your name, address, contact details, and nomination details.
  • Upload KYC Documents: Upload scanned copies of your Know Your Customer (KYC) documents, including your Aadhaar card, PAN card, and passport-sized photograph.
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  • Make the Initial Deposit: Deposit a minimum amount of Rs. 1,000, or more if desired, to open the account. The maximum deposit limit for an MSSC account is Rs. 2 lakh.
  • Submit Your Application: Review the information provided, and once you are satisfied, click the submit button to complete the process.

Additional Details About MSSC

Here are some key details you should be aware of regarding the Mahila Samman Savings Certificate scheme:

  • Interest Calculation: The interest on MSSC is compounded quarterly, helping your savings grow steadily over the two-year tenure.
  • Tax Benefits: MSSC offers tax-free returns, which means you won’t be liable to pay any tax on the interest earned.
  • Premature Withdrawal: While you can withdraw your money prematurely, a penalty of 1% of the deposit amount is applicable for every six months before the maturity date.
  • Limited-Time Offer: MSSC is available for a limited period, with the current window ending on March 31, 2025. It’s advisable to take advantage of this opportunity while it lasts.
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Benefits of Opening an MSSC Account

There are several advantages to consider when opening a Mahila Samman Savings Certificate account:

  • Competitive Interest Rate: The scheme offers an attractive annual interest rate of 7.5%, ensuring your savings grow faster compared to traditional savings accounts.
  • Tax-Free Returns: MSSC provides tax benefits, making it an excellent choice for those looking to maximize their returns without the burden of taxes.
  • Government Backing: Backed by the Government of India, MSSC is a secure investment option, providing peace of mind to investors.
  • Convenient Account Opening: You can open an MSSC account online, making it accessible and hassle-free.

Eligibility and Account for Minor Girls

The Mahila Samman Savings Certificate is open to all women, including minor girls. Additionally, guardians can open accounts on behalf of minor girls. Here’s what you need to know:

  • Eligibility:
    1. Any woman, irrespective of age, can open an MSSC account.
    2. Guardians can open accounts for minor girls.
  • Required Documents for Minor Girl Accounts:
    1. Birth certificate of the minor girl.
    2. Aadhaar card of the guardian.
    3. PAN card of the guardian.

Depositing Money into an MSSC Account

You can conveniently deposit money into your Mahila Samman Savings Certificate account through two primary methods:

  • Online Deposits: Most banks and post offices offer online banking services, allowing you to transfer funds directly from your bank account to your MSSC account.
  • In-Person Deposits: Visit a nearby bank branch or post office and deposit money into your MSSC account. Ensure you have your account details and ID proofs handy.

Maturity and Premature Withdrawal

Understanding the timeline for maturity and the option for premature withdrawal is essential:

  • Maturity Date:
    1. Your maturity amount will be credited to your account on the maturity date, which is exactly two years from the account opening date.
  • Premature Withdrawal:
    1. While premature withdrawal is possible, be aware that a penalty of 1% of the deposit amount is imposed for every six months before the maturity date.


The Mahila Samman Savings Certificate is a remarkable savings scheme designed to empower women financially. With its competitive interest rate, tax-free returns, and government backing, it provides a secure investment avenue. Opening an MSSC account online is a straightforward process, making it accessible to women from all walks of life, including minors. Whether you have specific financial goals or simply want to grow your savings, the MSSC is a worthy option to consider in your investment portfolio. Take advantage of this limited-time opportunity and secure your financial future with the Mahila Samman Savings Certificate.


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