The Mahila Samman Savings Certificate (MSSC) is a small savings scheme introduced by the Government of India in April 2023 to encourage women to save. Now, partial withdrawal is also allowed under this scheme. India Post has enabled this feature on the Finacle system, making it easier for women investors to withdraw a portion of their savings.

Women who have invested in this scheme can now withdraw up to 40% of their deposited amount after one year. Let’s understand how this scheme benefits you and how you can withdraw your savings.

What is the Mahila Samman Savings Certificate (MSSC)?

✅ Launch Date: Introduced in April 2023.
✅ Investment Limit: You can deposit ₹1,000 to ₹2 lakh.
✅ Interest Rate: 7.5% per annum, which is higher than most other savings schemes.
✅ Purpose: To encourage women to save money and secure their financial future.
✅ Where to Open an Account? At any bank or post office branch.

The scheme is open for new investments until March 31, 2025.

How Does Partial Withdrawal Work?

🔹 Women investors can withdraw up to 40% of their balance after one year from the date of investment.
🔹 This feature is live from March 7, 2025, on the Finacle system used by India Post.
🔹 Withdrawals can be made only once before maturity.

Example:

If a woman deposited ₹2,00,000 on April 30, 2023, her balance would become ₹2,15,427 (including interest) on April 30, 2024.
She can withdraw 40% of ₹2,15,427, which is ₹86,171.

How to Withdraw Funds?

✔️ Visit the bank or post office branch where your MSSC account is held.
✔️ Carry necessary documents (Aadhaar card, passbook, and withdrawal form).
✔️ Fill out and submit the withdrawal form.
✔️ After processing, the withdrawn amount will be credited to your bank account or given as cash.

Benefits of the Mahila Samman Savings Certificate:

✅ High Interest Rate: Earn 7.5% per annum, better than regular savings accounts.
✅ Flexibility: Withdraw up to 40% of your savings after one year.
✅ Easy Investment: Start with just ₹1,000.
✅ Government-Backed Security: Since it’s a government scheme, your money is safe and guaranteed.
✅ Financial Independence for Women: Helps women save for future needs and gain financial stability.

Conclusion

If you have invested in the Mahila Samman Savings Certificate (MSSC), you can now withdraw up to 40% of your balance after one year. This new feature offers more flexibility, allowing women to use their savings as needed.

Remember, March 31, 2025, is the last date to invest in this scheme. If you haven’t invested yet, this could be a great opportunity! 🚀