Mahila Samman Saving Certificate (MSSC), a new small savings scheme launched in the Budget 2023 to promote investments among women. MSSC is a single-holder account that can be opened at any Post Office across the country. Mahila Samman savings scheme is a one-time scheme that is available for a tenure of 2 years.
1. Who can open:-
(i) By a woman for herself.
(ii) By the guardian on behalf of a minor girl.

2. Deposit
(i) Minimum of rupees one thousand and in multiple of rupees one hundred.
(ii) Maximum limit of rupees two lakh in an account or all account hold by an account holder.
(iii) A time gap of three months shall be maintained between the existing account and the opening of other account.

3. Interest
(i) Deposit shall eligible for 7.5 per cent interest per annum.
(ii) Interest will be compounded quarterly and credited in account and paid at the time of closure of account.
(iii) Account opened or deposit made in-contravention of rules will be eligible for interest @ PO Savings Account.

4. Withdrawal
40% withdrawal of eligible balance can be taken after one year from the date of account opening.

5. Pre-mature closure
(i) On the death of the account holder
(ii) On extreme compassionate ground (i) Life threatening decease of account holder (ii) death of the guardian on production of relevant documents.
Note:-Scheme interest will be paid on principal amount.
(iii) After six months of account opening without mentioning any reason.
Note:-Scheme interest less by 2 per cent will be paid e.g. 5.5%.

6. Maturity
(i) After two years from the date opening eligible balance will be paid to the depositor.

7. How to open account
(i) Submit Account Opening Form, KYC Document (Aadhaar and PAN card) , KYC form for new account holder, Pay-in-Slip alongwith deposit amount/cheque at nearest post office.

(Source: https://www.indiapost.gov.in/Financial/pages/content/post-office-saving-schemes.aspx)