Mahila Samman Saving Certificate- There is a big update revealed regarding Mahila Samman Saving Certificate Scheme. Have you invested in Mahila Samman Savings Certificate Scheme (MSSC)? There is good news for women. The government has made a big change regarding the Mahila Samman Savings Certificate Scheme (MSSC). Now the account holders associated with this scheme will also be able to withdraw money through Electronic Clearance Service (ECS).

However, it is worth noting that new deposits have been stopped in this scheme after March 31, 2025, 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 MSSC scheme.
  • Cash – as per the prescribed limit
  • Transfer to Post Office Savings Account (POSA)
  • Payment through postmaster cheque
  • But there was no service of sending money directly to other banks i.e. ECS. This caused problems for those women whose bank account was not in the post office network.

Now money is transferred directly to the bank through ECS

The government issued a circular on June 12, 2025 stating that now ECS facility has been added to the Mahila Samman Yojana. That is, now women can transfer their money directly to their bank account which is not in the post office network.

Women who have invested in this scheme should go to their nearest post office and update their ECS details. So that the money can be transferred directly to their bank account. This will also save time and the process of withdrawing money will be easy.

How can you withdraw money now?

Cash (within the prescribed limit)

Credit in POSA

Postmaster Check

Transfer to other bank account via ECS

This change will make it even easier for women to withdraw money. Now they do not need to take cheque or cash through post office.

Withdrawal rules

Women can withdraw up to 40% of the amount after one year of opening the account. In cases of death or serious illness, the account can be closed prematurely and full interest rate (7.5%) will be available. If someone closes the account after 6 months without any reason, the interest rate will decrease by 2% to 5.5%. The MSSC scheme was announced by the central government to promote financial security of women. This is a scheme that matures in 2 years.

Interest rate: 7.5% p.a. (for two years)

Investment Limit

Minimum : Rs 1,000

Maximum – Rs 2 lakh per woman

Eligibility: Only women and girls could invest in this scheme.