Mahila Samman Savings Scheme- The Women Samman Savings Scheme intends to make savings certificates more accessible to females, expanding their reach. It is available for subscription at Post Offices and eligible Scheduled Banks, providing women and girls with a reliable financial option. This website contains detailed information on this central government project. The Ministry of Finance launched the “Mahila Samman Savings Certificate” programme.
Mahila Samman Savings Scheme 2025
The Ministry of Finance launched the “Mahila Samman Savings Certificate” to empower women and girls by providing them with a secure financial savings option. This initiative aims to offer easy access to a reliable savings scheme, ensuring greater financial independence for females across India. Available at Post Offices and qualifying Scheduled Banks, the scheme allows women and girls to invest in a stable and interest-bearing instrument. This scheme encourages savings while promoting financial security and inclusivity for women throughout the country.
Mahila Samman Savings Scheme 2025 Details
| Nodal Agency | Department of Economic Affairs, Ministry of Finance |
| Scheme Name | Mahila Samman Savings Certificate |
| Benefits | 7.5% Interest Rate |
| Beneficiaries | All Girls and Women |
| Minimum Invest | Rs 1000 |
| Last Date | 31 March 2025 |
| Official website | www.indiapost.gov.in |
About Department of Economic Affairs, Ministry of Finance
The Department of Economic Affairs (DEA) is a key division under the Ministry of Finance, responsible for managing the economic policies and financial regulations of India. It oversees areas like public finance, economic reforms, and foreign investment. The DEA also formulates policies related to taxation, banking, and capital markets, while ensuring effective implementation of government initiatives. It plays a vital role in shaping India’s economic landscape and fostering growth and stability in the economy.
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Key Features & Benefits of Scheme
The Mahila Samman Savings Certificate provides secure investing alternatives for women and girls. Accounts can be opened through March 31, 2025, with a two-year investment period. The scheme offers a good yearly interest rate of 7.5%, compounded quarterly.
Investors can deposit as little as Rs 1000, in increments of Rs 100, up to a maximum of Rs 200000. The account matures two years after the date of opening. Furthermore, the programme allows for partial withdrawals, with a maximum of 40% of the balance available for withdrawal during the term.
Eligibility for Mahila Samman Savings Certificate
Applicants for the Mahila Samman Savings Certificate must be Indian nationals. The plan is only offered to women and girls. There is no maximum age limit for this account, therefore any lady can apply. For juvenile girls, a guardian can open an account on their behalf. It is vital to remember that the account created under this plan will be a single-holder account, which means it can only have one account holder.
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Required Documents
- A passport-sized photo is required of applicants in order to open an account under the Mahila Samman Savings Certificate.
- A birth certificate or other form of proof of age is also required. Additional necessary documents include an Aadhaar card, PAN card, and a pay-in slip with the investment amount or cheque.
- For identification and address verification, an ID proof is required.
How to Apply for the Mahila Samman Savings Certificate?
The scheme’s application process is down. Use these procedures to submit an application for the Mahila Samman Savings Certificate:
- Visit an authorised bank branch or the post office in your area.
- The application form can be downloaded or obtained from the official website.
- Fill out the application and affix the required paperwork.
- Complete the nomination and declaration forms.
- Send the form in with the deposit or initial investment amount.
- Obtain the certificate as evidence of your plan investment.
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Final Words
In conclusion, the Mahila Samman Savings Scheme provides a valuable financial option for women and girls, promoting financial independence and security. With an attractive interest rate of 7.5% and flexible investment options, the scheme encourages savings while offering easy access through Post Offices and eligible Scheduled Banks. This government-backed initiative empowers women, ensuring they have a reliable platform to invest in their future, with minimal documentation and a simple application process.
Mahila Samman Savings Scheme FAQ’S
What is The Interest Rate for Mahila Samman Savings Scheme?
The interest rate for the scheme is 7.5%, compounded quarterly.
Who is Eligible for Mahila Samman Savings Certificate?
The scheme is available to all women and girls who are Indian nationals.
What is The Minimum Investment Required?
The minimum investment for the scheme is Rs 1,000.
How Can I Apply for Mahila Samman Savings Certificate?
You can apply at authorized post offices or eligible bank branches by submitting the application form along with necessary documents.