At 7.5% rate, Mahila Samman Savings Certificate offers higher interest than bank FDs; who should invest?
Last Update Date: 06-10-2026
Published by The Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar said the scheme could suit those investing up to ₹2 lakh for two years, and cautioned that premature withdrawal carries a penalty, so investors should plan before putting money in.
More of Abhishek's views on saving and deposits
The article explains the Mahila Samman Savings Certificate, a two-year small savings scheme for women and girls announced in Budget 2023. It covers the investment limits, partial withdrawal and premature closure rules, taxation of interest, and how it compares with bank and post office fixed deposits and longer schemes such as PPF and NSC.
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At 7.5% rate, Mahila Samman Savings Certificate offers higher interest than bank FDs; who should invest?