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Government benefits · Women & Children

Mahila Samman Savings Certificate: 7.5% for women, 2-year lock

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  1. Facts

    Launched in Budget 2023, the Mahila Samman Savings Certificate is available exclusively for women and girls. Rate: 7.5% p.a. (compounded quarterly, paid at maturity). Max deposit: ₹2L per account. Tenure: 2 years (March 2023 to March 2025 issue period, check current availability at post offices).

  2. Provisions and law

    • Mahila Samman Savings Certificate 2023 | Post Office | IT Act

  3. Analysis

    Key difference from SCSS: Mahila Samman pays on maturity (not quarterly). Better for those who don't need interim cash flow. No Sec 123, Income-tax Act 2025 (old Sec 80C) deduction, interest is taxable. Partial withdrawal: Allowed once after 6 months, up to 40% of the balance. Premature closure after 1 year with 2% penalty on interest. ₹2L at 7.5% for 2 years = ₹2,32,044 at maturity (gross). After tax at 30%: ₹2,22,430 net. Compare with FD at 6.5% for 2 years = ₹2,27,056 gross, ₹2,18,939 net, Mahila Samman wins post-tax too.

  4. Conclusion

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