Mahila Samman Bachat Patra Yojana 2024 Form PDF is available to download through online mode, check last date to apply. Under this scheme, the central govt. will provide 7.5% interest rate per annum to women depositors in Mahila Samman Savings Certificate Scheme. Last date to apply is 31 March 2025. This scheme is applicable for a tenure of 2 years and maximum Rs. 2 lakh can be deposited into an account. Read this article till the end to know how to apply for Mahila Samman Saving Certificate scheme.
On 1 February 2023, While presenting the Union Budget 2023-24 FM Nirmala Sitharaman said “For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025. This will offer deposit facility upto 2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option”.
Who Can Open Mahila Samman Savings Certificate Account
By a woman for herself.
By the guardian on behalf of a minor girl.
Deposits in Mahila Samman Bachat Patra Yojana
Minimum of rupees one thousand and in multiple of rupees one hundred.
Maximum limit of rupees two lakh in an account or all account hold by an account holder.
A time gap of three months shall be maintained between the existing account and the opening of other account.
Mahila Samman Savings Certificate Interest Rate
Deposit shall eligible for 7.5 per cent interest per annum.
Interest will be compounded quarterly and credited in account and paid at the time of closure of account.
Account opened or deposit made in-contravention of rules will be eligible for interest @ PO Savings Account.
Withdrawal under महिला सम्मान बचत पत्र योजना
40% withdrawal of eligible balance can be taken after one year from the date of account opening.
Pre-mature Closure of Mahila Samman Bachat Patra Yojana
Premature closure of Mahila Samman Savings Certificate account is permissible in only 3 conditions:-
Condition 1: On the death of the account holder
Condition 2: On extreme compassionate ground which includes either Life threatening decease of account holder or death of the guardian on production of relevant documents. In the condition 2, scheme interest will be paid on principal amount.
Condition 3: After six months of account opening without mentioning any reason. In the condition 3, scheme interest less by 2 per cent will be paid e.g. 5.5%.
Maturity of Mahila Samman Savings Certificate Account
After 2 years from the date opening eligible balance will be paid to the depositor.
Overview of Mahila Samman Bachat Patra Yojana
Name of Scheme
Mahila Samman Savings Certificate Scheme or Mahila Samman Bachat Patra Yojana
in Hindi
महिला सम्मान बचत पत्र योजना
Announced by
Finance Minister of India, Smt. Nirmala Sitharaman
Date of Announcement
1 February 2023 (while presenting Union Budget 2023-24)
Launch Date
1 April 2023
Last Date
31 March 2025
Beneficiaries
Women or girls
Duration of Scheme
2 Years i.e upto March 2025
Deposit Amount
Max. Rs. 2 lakh
Maturity
2 Years from date of opening of Mahila Samman yojana account
Implementation
Post Office
Rate of Interest
7.5% (interest rate is fixed)
FAQ’s on Mahila Samman Bachat Patra Yojana
Question 1: महिला सम्मान बचत पत्र योजना कब शुरू हुई? Answer 1: Announced on 1 February 2023 and launched on 1 April 2023.
Question 2: What is Mahila Samman Bachat Patra Yojana Last Date? Answer 2: 31 March 2025.
Question 3: What is the Rate of Interest for Mahila Samman Saving Certificate Scheme? Answer 3: 7.5% per annum
Question 4: What is the minimum balance to be kept in Mahila Samman Savings Certificate Account? Answer 4: Minimum Rs. 1,000 and then add balance in multiples of Rs. 100.
Question 5: What is the maximum amount which can be kept in महिला सम्मान बचत पत्र योजना Khata? Answer 5: Rs. 2 lakh
For more details, visit the Post Office official website at https://www.indiapost.gov.in/vas/Pages/IndiaPostHome.aspx
