Mahila Samman Scheme: The government has made a big change related to this scheme. Now the account holders associated with this scheme will also be able to withdraw money through Electronic Clearance Service (ECS). However, it is important to note that after March 31, 2025, new deposits have been stopped in this scheme, but women who have already invested will be able to take advantage of this new facility. Let us know what this new rule is, what was the rule earlier, and how now it will become even easier for you to withdraw money.
Why did women face problems
Earlier there were three main ways to withdraw money from the MSSC scheme:
Cash: – Cash withdrawal could be done as per the fixed limit.
Transfer to Post Office Savings Account (POSA): – Money could be transferred directly to the post office savings account.
Payment through Pomar Cheque: – Payment could be received through cheque.
However, there was no service available to send money directly from the post office to the bank accounts, i.e. ECS (Electronic Clearance Service). This caused a lot of trouble to those women whose bank accounts were not in the network of the post office, or it took them time to go to the bank to encash the check. This problem was even bigger for women in remote areas.
Now money is directly from ECS to a bank account
The government issued a circular on 12 June 2025, in which it has been clearly stated that now the ECS facility has been added to the Mahila Samman Yojana. This means that now women can transfer their money directly to their bank account, even if their bank account is not in the post office network. This is a modern and convenient method.
How to get the benefit
Women who have invested in this scheme will have to go to their nearest post office and update their ECS details. With this, the money will be transferred directly to their bank account. This will also save time and the process of withdrawing money will also become very easy.
How can you withdraw money now
With this change, it will become even easier for women to withdraw money. Now they will not need to take a check or cash from the post office.
- Cash
- Credit in Post Office Savings Account (POSA)
- POMA check
- Transfer to the bank account through ECS
Rules for withdrawing money
There are some specific rules for withdrawing money in the MSSC scheme, which is important to know:
Partial Withdrawal
After one year of opening the account, women can withdraw up to 40% of the deposit amount. It provides liquidity in case of emergency.
Premature Account Closure
The account can be closed prematurely in situations like death or serious illness of the account holder. In this case, a full interest rate (Full Interest Rate – 7.5%) will be available on the deposit amount. If a person closes the account after 6 months without any specific reason, the interest rate will be reduced by 2% to 5.5% (5.5%).
Mahila Samman Savings Certificate Scheme
The MSSC scheme was announced by the government to promote the financial security of women. It is a scheme maturing in 2 years.
Interest Rate:- 7.5% per annum (for two years)
Minimum Investment limit:– ₹1,000
Maximum investment limit:– ₹2 lakh per woman
Eligibility:- Only women and girls could invest in this scheme.