The Mahila Samman Savings Certificate (MSSC) is a government-backed savings scheme designed to empower women by promoting small, secure savings over a fixed tenure of 2 years. To apply online, check your eligibility, gather all required documents, fill out the application on the bank's website, make the payment, and receive a confirmation of your investment.
Applying for the MSSC is easy, and you might even be able to do it online through select banks. So whether you are a woman or the guardian of a girl looking for a safe investment scheme, try the MSSC for a safe place to invest your money.
Here's a quick guide on how to apply and get started.
What is the Mahila Samman Savings Certificate?
The Mahila Samman Savings Certificate is a government-backed savings scheme aimed at promoting financial independence among women. Key features include:
Tenure: Fixed tenure of 2 years.
Interest rate: An attractive interest rate, higher than most traditional savings accounts.
Eligibility: Open to women and girls.
Maximum investment: The scheme allows a maximum investment of up to ₹2 lakh.
Tax benefits: Interest earned is subject to applicable tax laws.
Who is eligible for the Mahila Samman Savings Certificate?
- Any woman or guardian of a minor girl can open an MSSC account.
- It is designed specifically to cater to women who want to secure their financial future with small but regular savings.
Although the application process is generally conducted through post offices and banks, some banks may offer the facility to apply for this scheme online. Here’s how you can apply for the Mahila Samman Savings Certificate online through participating banks:
Step 1: Check eligibility and documents required
Before applying, ensure you have the necessary documents ready:
KYC documents: Proof of identity (Aadhaar card, PAN card) and proof of address (utility bill, bank statement).
Passport-sized photographs: Recent photographs as per the bank's requirements.
Bank details: An active savings account where the scheme will be linked.
Step 2: Visit your bank’s website
Log in to your preferred bank’s official website or mobile banking app that offers the Mahila Samman Savings Certificate. Ensure you’re on a secure and legitimate website before proceeding.
Step 3: Locate the Mahila Samman Savings Certificate section
Look for the Mahila Samman Savings Certificate option under the savings or investment sections on the website or app. If you're unable to locate it, use the search bar to find the relevant information.
Step 4: Fill out the application form
Once you find the application form for the Mahila Samman Savings Certificate, fill in all the necessary details such as:
Personal information: Name, contact details, address.
Bank details: Your savings account number for linking the scheme.
Investment amount: Enter the amount you wish to invest (up to ₹2 lakh).
Step 5: Submit the form and documents
After filling in the application form, upload the necessary documents, such as your ID proof, address proof, and photographs, as per the bank’s requirements.
Step 6: Make the payment
Once your form and documents are submitted, you will be prompted to make the payment for the investment. You can do this through net banking, UPI, or any other payment methods offered by the bank.
Step 7: Confirmation and certificate issuance
After the payment is successful, you will receive a confirmation of your investment. The Mahila Samman Savings Certificate will either be sent to you electronically or can be downloaded from the bank’s portal.
Applying for the Mahila Samman Savings Certificate online is a convenient and straightforward process. With the right documents in place and by following the steps outlined above, you can easily invest in this empowering savings scheme for women and girls.
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