A new PM Mahila Samman Bachat Patra Yojana (प्रधानमंत्री महिला सम्मान बचत पत्र योजना) has been announced by Finance Minister Nirmala Sitharaman on 1 February 2023. While presenting the Union Budget 2023-24, she mentioned that central government will start Post Office Mahila Samman Savings Certificate scheme for women and girls. Read this article till the end to know how to make PM Mahila Samman Bachat Patra scheme registration and other aspects regarding the scheme.

Mahila Samman Bachat Patra Yojana in Union Budget 2023-24

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 (महिला सम्मान बचत पत्र योजना), 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".  

Overview of Mahila Samman Savings Certificate Scheme

Name of SchemeMahila Samman Savings Certificate Scheme or PM Mahila Samman Bachat Patra Yojana
in Hindiपीएम महिला सम्मान बचत पत्र योजना
Announced byFinance Minister of India, Smt. Nirmala Sitharaman
Date of Announcement1 February 2023 (while presenting Union Budget 2023-24)
BeneficiariesWomen or girls
Duration of Scheme2 Years i.e upto March 2025
Deposit AmountMax. Rs. 2 lakh
Maturity2 Years from date of opening of Mahila Samman yojana account 
ImplementationPost Office
Rate of Interest7.5% (interest rate is fixed)

Salient Features of Mahila Samman Savings Certificate Scheme

The salient features of Mahila Samman Savings Certificate Scheme are as follows:-

Who can open

  • By a woman for herself.
  • By the guardian on behalf of a minor girl.


  • 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.


  • 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.


40% withdrawal of eligible balance can be taken after one year from the date of account opening.

Pre-mature closure

  • On the death of the account holder
  • On extreme compassionate ground 
    • Life threatening decease of account holder
    • death of the guardian on production of relevant documents.
  • Note:-Scheme interest will be paid on principal amount.
  • After six months of account opening without mentioning any reason.
  • Note:- Scheme interest less by 2 per cent will be paid e.g. 5.5%.


After two years from the date opening eligible balance will be paid to the depositor.

How to Apply Online for PM Mahila Samman Bachat Patra Yojana

Submit Account Opening Form, KYC Document (Aadhaar and PAN card), KYC form for new account holder, Pay-in-Slip alongwith deposit amount/cheque at nearest post office. 
Apply Online for Mahila Samman Bachat Patra Yojana - https://www.indiapost.gov.in/VAS/Pages/Form.aspx#SavingCertificates

List of Documents Required for PM Mahila Samman Bachat Patra Scheme

  • Aadhar Card
  • Income Certificate
  • Active mobile number
  • 2 passport size photograph
  • Post office account passbook
Rest information can be checked in Budget Speech 2023-24 at https://www.indiabudget.gov.in/