New Delhi: The Mahila Samman Savings Scheme 2023 has been launched by the Centre in 1.59 lakh post offices across the country after the Ministry of Finance issued a gazette notification. The scheme was announced by Union Finance Minister Nirmala Sitharaman during her 2023-24 Budget speech in the Parliament. 


The move was lauded by Prime Minister Narendra Modi who said the scheme was the “best example” to portray his government’s commitment towards women empowerment. 


“Our government is committed to the respect and empowerment of women and ‘Mahila Samman Bachat Patra’ is the best example of this,” he said in a tweet. 






"These measures will immensely benefit the post office small savings customers and attract more investment in these schemes through post offices, especially in rural areas and amongst girls, women, farmers, artisans, senior citizens, factory workers, government employees, small traders and other sections of the society," said the Ministry of Communications in its press release.


They will get better return on their investment in small savings schemes, it added. 


Mahila Samman Savings Certificates: Details 



  • The two-year scheme offers a fixed interest rate of 7.5 per cent compounded quarterly with flexible investment. 

  • The scheme will have partial withdrawal options with a maximum ceiling of Rupees 2 lakhs. 

  • The scheme is valid for a two-year period upto March 31, 2025. 

  • National Savings (Monthly Income Account) Scheme, 2019 has been amended through National Savings (Monthly Income Account) (Amendment) Scheme, 2023 and the maximum investment limit has been raised from Rupees 4 lakh fifty thousand to Rs 9 lakh for a single account and from Rs 9 lakh to Rs 15 lakh for a joint account with effect from April 1, 2023. 

  • Senior Citizen Savings Scheme, 2019 has been amended through Senior Citizens Savings (Amendment) Scheme, 2023 and the maximum investment limit has been raised from Rs 15 lakh to Rs 30 lakh with effect from today.

  • Interest rates on all the small savings schemes, except Savings Deposit and PPF, have also been upwardly revised with effect from April 1, 2023.