What is Mahila Samman Saving Certificate? Check Details

Mahila Samman Saving Certificate: The Union Finance Minister, Smt Nirmala Sitharaman, announced a new small funding scheme for women and girls. This plan is expected to favour women’s empowerment, encouraging them to make individual investments. With an excellent interest rate of 7.5%, this one-time venture delivers promising returns to short-term investors. Read more about the Mahila Samman Saving Certificate in detail through this article.

Mahila Samman Saving Certificate
Mahila Samman Saving Certificate


Mahila Samman Saving Certificate: Overview

The budget session of 2023 is delivering an investment system to celebrate the “AZADI KA AMRIT MAHOTSAV”. It is an honour and tribute to the females to provide them with good fortune by the end of the two years. Smt Nirmala Sitharaman announced the Bachat Patra in her speech on 1st February 2023. This fine programme is discussed on point in the following article. Keep reading to learn more about this scheme for the financial upliftment of women.

SchemeMahila Samman Bachat Patra
CategorySmall Savings Scheme
Type One time investment
TenureApril 2023- March 2025
Span two years
Maximum Deposit2,00,000 rupees
Interest Rate7.5%
Beneficiaries Women and Girls
Announced byNirmala Sitharaman
Announced on1st of February 2023
Facility Partial Withdrawal Option
Taxation SystemTo be announced

What is Mahila Samman Saving Certificate?

Mahila Samman Bachat Patra is a one time asset investment. The maximum amount that can be deposited under this plan is 2 lakh rupees. Women and unmarried girls will benefit from this scheme. The amount, once deposited, will be withdrawn after two years. The interest shall be compounded annually at a fixed rate of 7.5%. Those willing to draw out money prematurely can utilise the partial withdrawal facility.

Interested and eligible girls and women can avail the benefits of this scheme from April 203. The tenure of this programme shall come to end on March 2025.

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Benefits and Drawbacks of Mahila Samman Saving Certificate

Now, many of the ladies might be wondering how this scheme is beneficial to them. So, we have made a list of the benefits and liabilities of its particular investment. After reading the pros and cons, it is entirely up to the saver if they wish to apply.


  • The interest rate of 7.5% is higher than many other schemes, post offices and banks.
  • Partial Withdrawal option.
  • Those looking for short-term investment can avail this opportunity at an assured return.
  • Women who are not eligible for the Sukanya Samridhi Yojana can benefit from this plan.


  • The rate of interest is still lower than “Sukanya Samridhi Yojana” (7.6%) and “Senior Citizen Saving” (8%).
  • Due to the short duration and a one-time investment of utmost two lacks, the return is not very large.
  • Those wanting large returns do not have much to profit from this scheme.

Mahila Samman Saving Certificate Calculator

We have calculated the total return one can profit from this scheme. Since the minimum limit is not mentioned by the government yet, we can only figure for the maximum sum ie.; 200000.

Mahila samman saving certificate Calculator
So, by the end of 2 years, the beneficiaries would collect a sum of 2,31,125 rupees.

How to apply for the Mahila Samman Saving Certificate

Those wondering about the method of application for this scheme should satisfy the eligibility criteria. Once the government makes a complete selection regarding this investment plan, applicants can assure their suitability and apply thereafter. Some basic eligibility for this Bachat Paytra are:

  • Beneficiaries shall be women and girls.
  • They should have an account in an RBI-approved Bank.
  • Other necessary conditions will be announced by the government.

The application procedure has not been explained about this scheme as of now, but the applicants will soon get complete information regarding the strategy. Interested females who wish to be financially independent and stable can apply for this investment once the authorities supply the entire details.

Related Links

Visit NVS RO Home For More such schemes

Frequently Asked Questions

What is Mahila Samman Bachat Patra?

Mahila Samman Bachat Patra works as a one-time small investment scheme for women for over two years till 2025.

How to invest in the Mahila Samman Bachat Patra?

Interested and eligible females can invest an amount of up to 2 lakhs for two years and attain the respective return at a rate of 7.5% per annum.

How much is the interest rate of the Mahila Samman Saving Certificate scheme?

The interest rate of this investment scheme is 7.5% per annum.

Is the Mahila Samman Saving Certificate scheme tax-free?

The government has not clarified the taxation system of this scheme.

When was the Mahila Samman Saving Certificate scheme?

Nirmala Sitharaman announced this plan on the 1st of February 2023.

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