Mahila Samman Savings Certificate: Have you invested in Mahila Samman Savings Certificate Scheme (MSSC)? There is good news for women. The government has made a big change regarding Mahila Samman Savings Certificate Scheme (MSSC)
Mahila Samman Savings Certificate: Have you invested in Mahila Samman Savings Certificate Scheme (MSSC)? There is good news for women. The government has made a big change regarding the Mahila Samman Savings Certificate Scheme (MSSC). Now the account holders associated with this scheme will also be able to withdraw money through Electronic Clearance Service (ECS). However, it is worth noting that new deposits have been stopped in this scheme after March 31, 2025, but women who have already invested can take advantage of this new facility.
What was the rule earlier?
Earlier there were three options to withdraw money from MSSC scheme.
Cash – as per the fixed limit
Transfer to Post Office Savings Account (POSA)
Payment through Postmaster Cheque
But there was no service of sending money directly to other banks i.e. ECS. This caused problems for those women whose bank account is not in the post office network.
Now money directly to the bank from ECS
The government issued a circular on 12 June 2025 stating that now ECS facility has been added to the Mahila Samman Yojana. That is, now women can get their money transferred directly to their bank account which is not in the post office network.
Women who have invested in this scheme should go to their nearest post office and get the ECS details updated. So that, the money can be transferred directly to their bank account. This will also save time and the process of withdrawing money will be easy.
How can you withdraw money now
Cash (within the prescribed limit)
Credit in POSA
Postmaster cheque
Transfer to other bank account through ECS
This change will make it even easier for women to withdraw money. Now they do not need to take cheque or cash through post office.
Rules for withdrawing money
Women can withdraw up to 40% of the amount after one year of opening the account.
In cases like death or serious illness, the account can be closed prematurely and full interest rate (7.5%) will be available.
If someone closes the account after 6 months without any reason, the interest rate will be reduced by 2% to 5.5%.
The MSSC scheme was announced by the central government to promote financial security of women. This is a scheme that will mature in 2 years.
Interest rate: 7.5% per annum (for two years)
Investment Limit
Minimum – Rs 1,000
Maximum – Rs 2 lakh per woman
Eligibility: Only women and girls could invest in this scheme.
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