Mahila samman savings certificate: Have you invested in the Women’s Honor Savings Certificate Scheme (MSSC)? Good news for women. The government has made a major change in the Women’s Honor Saving Certificate Scheme (MSSC). Now account holders associated with this scheme will also be able to withdraw money through Electronic Clearance Service (ECS). However, it is worth noting that since 31 March 2025, the new deposit has been closed in the scheme, 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 the MSSC scheme.
Cash – According to fixed limit
Transfer to Post Office Saving Account (POSA)
Payment through postmaster check
But there was no service to send money directly to other banks. This used to have problems for women who do not have a bank account post office network.
Now money directly in 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 also transfer their money in their bank account which is not in the post office network directly.
Women who have invested in this scheme should go to their nearest post office and get ECS details updated. So that, money can be transferred directly to their bank account. This will also save time and the process of withdrawing money will be easier.
How can we withdraw money now
Cash (in fixed limit)
Credit in posa
Postmaster check
Transfer to other bank account through ECS
This change will make women to withdraw money even easier. Now they do not need to take check or cash through the post office.
Rules to withdraw money
A year after opening the account, women can extract up to 40% amount.
In cases like death or serious illness, the account can be closed prematurely and the entire interest rate (7.5%) will be available.
If someone stops an account without reason after 6 months, the interest rate will come down by 2% to 5.5%.
The MSSC scheme was announced by the central government to promote financial security of women. This is a plan to mature in 2 years.
Interest Rate: 7.5% (for two years) annually
Investment limit
Minimum – Rs 1,000
Maximum – 2 lakh rupees per woman
Eligibility: Only women and girls could invest in this scheme.
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