Union Finance Minister Nirmala Sitharaman presented the country’s budget on February 1, 2025. In this budget for the financial year 2025-26, Nirmala Sitharaman made several important announcements. Giving a big relief to the middle class, the government made annual incomes of up to Rs 12 lakh completely tax-free. However, there was no expected update regarding a government scheme for women. Yes, we are talking about the Mahila Samman Savings Certificate (MSSC). Before the budget was presented, there were expectations that the government would extend the deadline of the MSSC scheme, but this did not happen.
MSSC Scheme to End on March 31, 2025
Finance Minister Nirmala Sitharaman did not propose an extension for the MSSC scheme in her budget speech. This means that the scheme will close on March 31, 2025, and no new investments will be allowed from April 1, 2025. Crores of women in the country now have only until March 31 to take advantage of this scheme. After this date, investment will no longer be possible.
Also Read
MSSC Scheme Matures in 2 Years
The Mahila Samman Savings Certificate (MSSC) Scheme, which started in 2023, is a savings program run by the Central Government, exclusively for women. The scheme offers an interest rate of 7.5 per cent. Under the MSSC, a lump sum investment can be made, with a minimum investment of Rs 1,000 and a maximum of Rs 2 lakh. The scheme matures in 2 years, and any woman in the country can open an account under it. There is no age restriction for opening an account.
Mahila Samman Savings Certificate – because every woman’s dreams deserve more than just hope, they deserve growth!
The last date to invest is 31st March, 2025!#IndiaPost
@jyotiradityascindia @IndiaPostOffice @cpmgtelangana pic.twitter.com/QeNjBS4POm— Hyderabad Postal Region (@PmgHyderabad) February 6, 2025
How to Apply for the Mahila Samman Savings Certificate Online
Step 1: Check Eligibility and Gather Documents
Ensure you have the necessary documents:
- KYC: Proof of identity (Aadhaar/PAN card) and address (utility bill/bank statement)
- Photographs: Recent passport-sized photo
- Bank Details: Active savings account
Step 2: Visit the Bank’s Website or App
Log in to the bank’s website or mobile app that offers the scheme.
Step 3: Find the Scheme Section
Look for the Mahila Samman Savings Certificate under savings or investment options.
Step 4: Complete the Application Form
Fill in personal information, bank details, and the amount you wish to invest (up to ₹2 lakh).
Step 5: Upload Documents
Submit necessary documents (ID proof, address proof, photo).
Step 6: Make the Payment
Pay via net banking, UPI, or other methods.
Step 7: Confirmation and Certificate
After payment, you’ll receive a confirmation, and the certificate will be issued electronically or available for download.