PM Mahila Samman Bachat Patra Yojana (प्रधानमंत्री महिला सम्मान बचत पत्र योजना) has been launched by central government. It was initially 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.
About Mahila Samman Bachat Patra Yojana 2024
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.
Deposit
- 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.
Interest
- 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
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%.
Maturity
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
Official website is https://www.indiapost.gov.in/vas/Pages/IndiaPostHome.aspx
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
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 Scheme | Mahila Samman Savings Certificate Scheme or PM Mahila Samman Bachat Patra Yojana |
| in Hindi | पीएम 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) |
| 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) |
Mahila Samman Savings Certificate Scheme Guidelines PDF - https://www.indiapost.gov.in/VAS/DOP_PDFFiles/MSSC/Mahila_Samman_Savings_Certificate_2023_English.pdf
Rest information can be checked in Budget Speech 2023-24 at https://www.indiabudget.gov.in/
Tags
Central Government