Mahila Samman Savings Certificate (MSSC) offers 7.5% guaranteed return — higher than most bank FDs. Government-backed, exclusively for women. Here's complete 2026 guide.
What is Mahila Samman Savings Certificate?
MSSC is a small savings scheme launched by the Government of India in Budget 2023-24 to commemorate Azadi Ka Amrit Mahotsav. It offers women a safe, government-backed investment option with guaranteed returns higher than bank FDs.
The scheme was available up to March 2025 but continues to be popular. It can be opened at any post office or authorized bank with just Rs 1,000 minimum deposit.
Who is Eligible?
- Indian women — Resident women of any age
- Guardians — On behalf of girl child (below 18 years)
- Joint accounts — Two women can open jointly
How to Apply
- Visit post office or bank — SBI, PNB, Bank of Baroda, or local post office
- Fill MSSC form — Available at the counter
- Submit KYC documents — Aadhaar, PAN, passport photo
- Make deposit — Minimum Rs 1,000
- Get certificate — Physical passbook given
MSSC vs Bank FD: Which is Better?
Final Verdict
MSSC is better than most bank FDs for women — 7.5% is higher than the 6.5-7% most banks offer. Government backing adds safety. The 2-year lock-in is short, and partial withdrawal after 1 year adds flexibility. Ideal for women who want safe, predictable returns without market risk.
Last Updated: May 09, 2026 | Source: India Post, Budget 2023