MSSC -Mahila Samman Saving Certificate 2023: The Central Government of India started the Mahila Samman Bachat Patra Yojana 2023 Scheme on 1st Feb 2023. The Mahila Samman Bachat Patra Yojana 2023 scheme will be available until March 2025. The Mahila Samman Bachat Patra Yojana Scheme was proposed by Union Finance Minister Nirmala Sitharaman while presenting the Budget 2023. This scheme was announced to commemorate the Azadi ka Amrit Mahotsav.
Mahila Samman Bachat Patra Yojana 2023 has been established with the goal of financially empowering women. It has a two-year duration and a maximum deposit of two lakhs. This article will provide readers with information about the application process, benefits, rate of interest, registration, eligibility criteria, required documents, and other details concerning the scheme.
How To Apply For Mahila Samman Bachat Patra Yojana 2023?
Mahila Samman Bachat Patra Yojana Scheme Motive is to make the women of India financially independent and stable. The following are the steps to learn how to apply for this Mahila Samman Bachat Patra Yojana Scheme.
- Firstly, you can visit the nearest Post Office or Authorized Bank with the required documents.
- Now take the Application form and complete all the personal, financial, and nomination details. Or download the application form for Mahila Samman Bachat Patra 2023.
- After that, Submit the application form and the required documents, such as proof of identity and address.
- Now you can choose the amount of deposit and deposit cash or cheque.
- Finally, receive the certificate that serves the investment proof in the Mahila Samman Savings Certificate scheme.
Benefits Of Mahila Samman Savings Certificate (MSSC) 2023:
The Mahila Samman Bachat Patra Yojana scheme aims to provide women with financial security by encouraging savings and investment and promoting financial independence and stability.Â
- This small savings scheme is designed for women and girls, allowing them to make financial decisions.Â
- The scheme offers an interest rate of 7.5 percent, allowing women to withdraw some of their deposited money.Â
- The maximum deposit limit is up to Two Lakhs, and the deposit period is limited to a maximum of two years.
Mahila Samman Bachat Patra Yojana 2023, Rate Of Interest:
The Main Objective of Starting the Mahila Samman Bachat Patra Yojana Scheme is to empower women and girls financially. This is a small saving scheme. Under this scheme, beneficiaries can deposit up to 2 lakhs in their bank account. If you invest a maximum of two lakh rupees in the Mahila Samman Bachat Patra Yojana scheme, you will get an interest rate of 7.5 %. In the first year, you will get a profit of 15,000 rupees; in the second year, you will get 16,125 rupees. So, you will get a total benefit of 31000 rupees on the Mahila Samman Bachat Patra Yojana Scheme for investing 2 lakh rupees for two years.
Eligibility Criteria For MSSC Mahila Samman Bachat Patra Yojana 2023:
The following are the eligibility Criteria for Mahila Samman Bachat Patra Yojana 2023.
- Any Woman or girl who is a citizen of India is eligible for this scheme
- Above 18 years of age can open Mahila Samman Bachat Patra Yojana Scheme.
- There is no maximum age limit for Mahila Samman Bachat Patra Yojana Scheme.
- Women of all ages can benefit from this Mahila Samman Bachat Patra Yojana Scheme.
Documents Required For Mahila Samman Yojana 2023 For MSSC:
The following documents are required for Mahila Samman Bachat Patra Yojana 2023 Scheme.
- Aadhaar Card
- 2 Passport size photographs
- Income certificate
- Active mobile number
- The post office or Bank Account Book
Mahila Samman Bachat Patra Yojana 2023 Overview:
| Name of the Scheme | PM Mahila Samman Bachat Patra Yojana 2023 |
| Announced By | Finance Minister of India, Smt. Nirmala Sitharaman |
| Date of Announced | 1 February 2023 (while presenting Union Budget 2023-24) |
| Starting Date | 01.04.2023 |
| Ending Date | 31.03.2025 |
| Beneficiaries | Women and girls of India |
| Scheme Period | 2 Years |
| Maximum Deposit Amount | 2 Lakh Rupees |
| Objective | To empower Women Financially |
| Benefit | 7.50 Percent Interest on deposits |
| Implementation | Post Office |
| Rate of Interest | 7.50% |
| 1st Year Profit | 15,000 Rupees |
| 2nd Year Profit | 16,125 Rupees |
| Total Profit for 2 Years | 31,125 Rupees |
Mahila Samman Saving Certificate 2023 Eligible Government Bank Names:
The following are the Government banks qualified under the Mahila Samman Bachat Patra Yojana 2023 Scheme.
- Bank Of Baroda
- Bank Of India
- Canara Bank
- Bank Of Maharashtra
- Central Bank Of India
- Indian Bank
- Indian Overseas Bank
- Punjab & Sind Bank
- Punjab National Bank
- State Bank Of India
- UCO Bank
- Union Bank Of India
Mahila Samman Yojana 2023 Eligible Private Bank Names To Issue MSSC:
The following are the Private Banks qualified under the Mahila Samman Bachat Patra Yojana 2023 Scheme.
- Axis Bank Limited
- Bandhan Bank Limited
- CSB Bank Limited
- City Union Bank Limited
- DCB Bank Limited
- DhanaLakshmi Bank Limited
- Federal Bank Limited
- HDFC Bank Limited
- ICICI Bank Limited
- IndusInd Bank Ltd
- IDFC First Bank Ltd
- Jammu & Kashmir Bank Ltd
- Karnataka Bank Ltd
- Karur Vysya Bank Ltd
- Kotak Mahindra Bank Ltd
- Nainital Bank Ltd
- RBL Bank Ltd
- South Indian Bank Ltd
- Tamilnad Mercantile Bank Ltd
- YES Bank Ltd
- IDBI Bank Ltd
FAQs Related To Mahila Samman Bachat Patra Yojana 2023:
What is Mahila Samman Bachat Patra Yojana 2023 ?
The Central Government of India started the Mahila Samman Bachat Patra Yojana 2023 Scheme on 1st Feb 2023. Mahila Samman Bachat Patra Yojana is a small savings scheme for women and girls. which helps women to achieve financial independence and make their own financial decisions.
What is the procedure for applying to the Mahila Samman Bachat Patra Yojana 2023 Scheme?
You must visit the nearest Post office or Bank to apply for Mahila Samman Bachat Patra Yojana 2023.
How much interest will Mahila Samman Bachat Patra Yojana 2023 Scheme be received?
In this Mahila Samman Bachat Patra Yojana Scheme, you will get interested at 7.5 %.
