Mahila Samman Savings Certificate Rules
- Eligibility: The account can be opened by a woman for herself, or by a guardian on behalf of a minor girl.
- Maximum Limit: The maximum deposit limit is ₹2 Lakhs per individual. You can open multiple accounts, but the total balance cannot exceed ₹2 Lakhs, and there must be a 3-month gap between opening accounts.
- Taxation: The interest earned is fully taxable as per your income tax slab. There is no Section 80C deduction available for this scheme.
- Partial Withdrawal: You can withdraw up to 40% of the eligible balance after 1 year from the date of opening.