Mahila Samman Savings Certificate Calculator

Rules, opening & closing

How to open, how to close, premature withdrawal rules, and main regulations for this scheme.

How to open a Mahila Samman account?

The scheme was available at post offices and some banks. Account could be opened by a woman for herself or by a guardian for a minor girl. Required: identity and address proof, photograph, and deposit (min ₹1,000, max ₹2 lakh in one or more deposits). Note: The scheme is discontinued for new accounts from 1 April 2025; existing accounts continue till maturity.

How to close or withdraw at maturity?

Tenure is 2 years. On maturity, visit the post office or bank with the passbook/certificate and identity proof. Submit a closure form. The maturity amount (principal + interest) is paid. Interest is taxable.

Can I close or withdraw prematurely? What are the rules?

Partial withdrawal up to 40% of the balance is allowed after one year. Premature closure is allowed only in case of death of the account holder or in extreme compassionate grounds as per the scheme rules. No loan against the deposit. For accounts opened before discontinuation, these rules apply till maturity.

What are the main rules and regulations?

Interest was 7.5% p.a., compounded quarterly. Maximum deposit ₹2 lakh (total across all Mahila Samman accounts of the account holder). Tenure 2 years. No 80C benefit; interest is taxable. Scheme discontinued for new accounts from 1 April 2025.

Who is eligible and what documents are needed?

Eligible (when the scheme was open): women in their own name; guardian for a minor girl. Documents: identity and address proof, photograph. No new accounts can be opened after 31 March 2025.