The Mahila Samman Savings Certificate (MSSC) was introduced by the government in 2023 as a special savings instrument for women and girls. It offers a competitive rate with quarterly compounding for a short 2-year tenure — making it ideal for women who want better returns than a savings account without locking money away for years.
Any woman can open this account, or a guardian can open it for a minor girl child. The relatively short tenure (2 years) makes this accessible for shorter-term goals.
Who Should Invest?
- Women looking for a safe, short-term investment with better returns than a savings account
- Guardians saving for a minor girl child's near-term expenses
- Women who want a dedicated savings instrument in their own name
Key Features
- Open to all women (and guardians on behalf of minor girls)
- Short 2-year tenure — not a long lock-in
- Interest compounded quarterly
- Maximum: ₹2 lakhs per account
- Partial withdrawal (up to 40%) allowed after 1 year
- No TDS deducted
Watch Out For
- No Section 80C tax benefit
- Maximum cap of ₹2 lakhs limits total amount you can invest per account
- Interest is taxable — add to income when filing ITR
Compare All NSS Schemes
See how MSSC compares to all other National Savings Schemes in one table.
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