Mahila Samman Scheme: How to Withdraw 40% Savings Before Maturity

The Mahila Samman Savings Scheme (MSSC) now allows women to withdraw up to 40% of their savings before the scheme matures. This new feature, introduced by the Department of Posts, is available through the Finacle system. It ensures accurate interest calculations and simplifies the withdrawal process.
To withdraw, account holders must visit the post office where their MSSC account is maintained. They need to fill out a withdrawal request form and submit identification proof. The system processes the request, and the amount is credited to the linked bank account.
Launched on April 1, 2023, MSSC offers a 7.5% annual interest rate with a two-year lock-in period. Women aged 18 and above can invest, while guardians can open accounts for minors. The minimum deposit is ₹1,000, and the maximum is ₹2 lakh.
This scheme encourages financial independence and savings among women. However, the investment process is offline, requiring visits to post offices or select banks. With the March 31, 2025, deadline approaching, interested individuals should act quickly to benefit from this high-return savings option.