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Mahila Samman Savings Certificate 2026: Check scheme closure, last deposit date, 7.5% interest, maturity rules and withdrawal process for existing accounts.
The Mahila Samman Savings Certificate (MSSC) was a Government of India small-savings scheme introduced for women and minor girls. It offered a fixed return of 7.5% per annum, compounded quarterly, on deposits held for two years. However, the scheme is now closed to fresh deposits. The Government confirmed that the scheme would remain effective only up to 31 March 2025, and no new deposits have been accepted after that date.
Latest update (14 November 2026): You cannot open a new Mahila Samman Savings Certificate account in 2026. If you already opened an account by 31 March 2025, you can check its maturity date, eligible withdrawal facility and closure procedure with the post office or bank where the account was opened.
The Ministry of Finance, Department of Economic Affairs, informed the Department of Posts on 27 March 2025 that the MSSC scheme would remain effective only until 31 March 2025. The Department of Posts issued SB Order No. 03/2025 on 28 March 2025, instructing its circles that no new deposits could be accepted after the closing date.
An MSSC account has a two-year term. Its maturity date depends on the date it was opened, not on the scheme's final deposit date. Accounts opened during the final days of March 2025 may mature around March 2027, while accounts opened earlier may already have matured. Check the passbook, account statement or deposit receipt for the exact maturity date.
On maturity, the account holder should contact the same post office or authorised bank branch and submit the prescribed account-closure or maturity claim form with the required identification and account documents. The institution can confirm the payable balance and its current claim procedure.
The following were the main terms of the scheme while it was open for subscription. They are provided as a reference for people who already hold an MSSC account.
Do not rely on unofficial websites or agents promising a new MSSC registration. The scheme's deposit window has closed, and no legitimate agent can reopen it.
The post office or bank may ask for the MSSC passbook or deposit receipt, account-closure or claim form, identity and address proof, PAN details where applicable, and bank account details for payment. A guardian or legal representative may need additional documents depending on the account holder's age or circumstances. Confirm the exact list with the branch holding the account.
The scheme permitted a one-time partial withdrawal of up to 40% of the eligible balance after one year from the account-opening date. Premature closure was restricted to specified circumstances, including the death of the account holder and certain extreme compassionate grounds, subject to documentation and the applicable interest rules. It was not a general anytime-withdrawal facility. Ask the bank or post office to calculate the amount payable under the rules applicable to your account.
No. Fresh MSSC accounts cannot be opened online or offline in 2026 because the scheme's subscription period ended on 31 March 2025. Existing account holders should use the post office or bank where their account is maintained for account servicing, eligible withdrawal and maturity claims. Be cautious of websites advertising a new online application form or asking for a fee to register.
Can I apply for Mahila Samman Savings Certificate in 2026?
No. The scheme stopped accepting new deposits after 31 March 2025.
Is the Mahila Samman Savings Certificate scheme permanently closed?
The subscription window for this scheme ended on 31 March 2025. The Government notification states that no new deposits would be accepted after that date. Existing accounts remain subject to their original terms.
What was the interest rate of MSSC?
The scheme offered 7.5% annual interest, compounded quarterly, on eligible deposits.
When will my MSSC account mature?
It matures two years after its opening date. Check your passbook or ask the bank or post office holding the account for the exact date.
Can I withdraw money before maturity?
The rules allowed one partial withdrawal of up to 40% of the eligible balance after one year. Premature account closure was permitted only in specified circumstances.
Can a minor girl have an MSSC account?
Under the original scheme, a guardian could open an account on behalf of a minor girl. New accounts are no longer available.
Where can I claim the maturity amount?
Contact the post office or authorised bank branch where the account was opened and follow its maturity-claim procedure.
This article is for general information. The MSSC subscription period has ended. Account-specific maturity, interest and withdrawal calculations depend on the original deposit date and applicable scheme rules. Always verify your account details with the bank or post office maintaining your account and refer to official Government notifications.