Mahila Samman Savings Certificate: 5 Things To Know

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The scheme is open to all women, regardless of age. In the case of minor children, the parents or guardians can manage the accounts on their behalf until they reach adulthood.

Deposit Limit

The minimum deposit amount is Rs 1,000; after that, in multiples of Rs 100. The maximum deposit amount is Rs 2 lakh per individual, whether they hold one or multiple accounts.

Partial Withdrawals

The subscriber can withdraw up to 40 per cent of the fund after a year of opening the account.


After maturity, the entire amount, along with the accumulated interest, is returned to the investor. In the case of a minor child, the parents or guardians can initiate the process.

Tax Benefits

In this scheme, TDS, or tax deducted at source, would be levied only if the interest earned in a financial year exceeds Rs 40,000 and Rs 50,000 for senior persons under Section 194A of the Income Tax Act, 1961.

Compiled By Himani Verma

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