Mahila Samman Bachat Patra Yojana is a new saving scheme launched by the Government of India in Budget 2023.

This scheme is also known as Mahila Samman Savings Certificate scheme and Mahila Samman Yojana.

Here Mahila Samman Bachat Patra Yojana is explained in detail along with Mahila Samman Bachat Patra calendar in excel, eligibility, interest rate, online registration, apply online, and much more.

Calculate your maturity amount through Mahila Samman Bachat Patra Calculator right now here.

Mahila Samman Bachat Patra Yojana Calculator

Mahila Samman Bachat Patra Yojana 2023- Key features 

Mahila Samman Bachat Patra Yojana is a small saving scheme for Indian women and girls only.

It is a totally new savings scheme that is announced by finance Minister Nirmala Sitharaman during the speech on budget 2023.

Indian women and girls can open a Mahila Samman Bachat Patra account in any post office through offline mode.

A maximum of 2 Lakh rupees is permissible to invest in this scheme for a period of two years.

You will get higher returns through this scheme after maturity because it gives us a 7.5% internet rate annually.

Partial withdrawal is also allowed in the Mahila Samman Bachat yojana.

  • Name of the scheme- MahilaSamman Bachat Patra Yojana
  • Interest rate- 7.5% per annam
  • Maturity period- two year
  • Eligibility- allowed for Indin women and girls
  • Where to open- in any post office

Where to open Mahila Samman Bacha Patra account

According to Budget 2023, all post offices are authorized for Mahila Samman Bachat Patra Yojana where you can open Mahila Samman bachat Patra account w.e.f. 01 April 2023.

Just visit the nearest post office to open Mahila Samman account. If you don't know your nearest post office then check here is post office open today or not.

Fill account opening form and submit it along with your KYC documents such as your Aadhar card, pan card, and 2 passport-size photographs to the post office.

Post office will open an MSBP account in the system and provide you a Mahila Samman Bachat Patra account passbook which contains all the information related to your account number, CIF ID number, address, etc.

Mahila Samman Bachat Patra Eligibility 

Women and girls are eligible to open Mahila Samman Bachat Patra account. This scheme is restricted to male citizens of India.

Eligibility to open an account under Mahila Samman scheme is as under-

  • Only Females (women and girls) can open accounts under this scheme.
  • She must have a Resident of India. A foreigner can't eligible for the MSBP scheme.
  • Her Age must be in between 18-60 years
  • Adhar Card must be required for KYC purposes.

Mahila Samman Savings Certificate Yojana Interest Rate

Mahila Samman Bachat Patra Yojana interest rate is 7.5% per year. The interest rate is much higher than bank FD. 

Mahila Samman savings certificate yojana

Mahila Samman Bachat Patra Yojana Calculator in excel

The interest calculator for the Mahila Samman Saving certificate is explained here with an example.

Suppose you want to invest 2,00,000/- rupees in the Mahila Samman Saving certificate scheme for two years, then you will get 2,31,125/- rupees as maturity amount.

The interest calculation is as under-

invested money- 2,00,000/-
interest rate- 7.5% (yearly compounding)
200000x7.5%= 15000/- (Interest earned for the first year)
Principal for second year= 200000+15000= 2,15,000/-
2150000x7.5%= 16125/- (Interest earned for the second year)

Maturity amount after two year= 215000+16125= 2,31,125/-

Click here to download the Mahila Samman Bachat Patra yojana calculator.
Mahila Samman Bachat Patra Calculator

👉👉 Apply Online to open Mahila Samman Bachat Patra Account Right Now

Mahila Samman Savings Certificate Yojana VS other savings scheme

 Mahila Sammaan Savings Certificate scheme is more powerful investment tool other than Public Provident Fund (PPF), Sukanya Samriddhi Yojana, Senir Citizen small savings scheme (SCSS) Monthly Investment Scheme (MIS), Fixed Depost (FD), and Recurring Deposit (RD).

Mahila Samman Yojana is more profitable from other savings scheme due to it's various features. There are as under-

  • Higher interest rate i.e. 7.5 percent per year
  • low maturity period- only two year 
  • Compounding - yearly
  • Higher returns after maturity 
  • Only female (women and girl) can open mahila samman account.


Question 01- Where we can open Mahila Samman Bachat Patra account?

Answer- Account can be open at any post office in India.

Question 02- What is the interest rate on Mahila Samman Savings certificate account?

Answer- 7.5%

Question 03- Can a male person open mahila samman yojana account?

Answer- No.

Question 04- Can I open Mahila Samman savings certificate account online?

Answer- No, you have to visit your nearest post office to open account under the Mahila Samman scheme. 

Question 05- When will post office start opening Mahila Samman saving certificate accounts?

Answer- The post office will start to open mahila samman savings certificate account from 01 April 2023.


In short, we can say Mahila Samman Bachat Patra Yojana is the most profitable national small saving scheme of the Government of India. Every woman and girl should have to open a Mahila Samman Savings certificate scheme account as soon as possible so they can get higher returns at the time of maturity.