For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, has been made available for a two-year period for investment 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.

Mahila Samman Savings Certificate is a risk free scheme dedicated towards Women's and Girls of all age groups. This scheme has been designed with the intent of encouraging women and Girls to save and invest. The account opened under this scheme should be a single holder type account.


  • Any Individual Women.
  • The Minor account can also be opened by the guardian.


  • 100% safe and Secured
  • Scheme by Government of India
  • Attractive interest rate of 7.5%


  • A minimum of one thousand rupees and any sum in multiples of one hundred rupees may be deposited in an account and no subsequent deposit shall be allowed in that account.
  • A maximum limit of two lakh rupees shall be deposited in a single account or multiple accounts held by an account holder.
  • An individual may open any number of accounts subject to the maximum limit for deposit and a time gap of three months shall be maintained between the existing account and the opening of other account.


  • The deposits made under this Scheme shall bear interest at the rate of 7.5 % per annum.
  • Interest shall be compounded on quarterly basis and credited to the account.


  • The account holder shall be eligible to withdraw maximum up to 40% of the Eligible Balance once after the expiry of one year from the date of opening of the account but before the maturity of the account.
    Click Here for Pre-mature withdrawal form.


  • The Customer can open multiple accounts under this scheme, however 2nd account can be opened only after time gap of three months from the date of opening of 1st account and so on. However total deposit including all the accounts should not exceed Rs 2 Lacs.


  • Nomination facility is available for maximum upto 4 Nominee per account.
    Click Here for Nomination Form.

Account Opening Is Now Available At All BOI Branches Near You.
Click Here For Account Opening Form

  • Women individual and guardian on behalf of a minor girl may open an account by submitting an application at branch.


  • A recent passport size photograph (mandatory)
  • PAN CARD (mandatory)
  • Aadhar card (mandatory)
  • Passport (optional)
  • Driving license (optional)
  • Voter’s ID card (optional)
  • Job card issued by NREGA signed by the State Government officer (optional)
  • Letter issued by the National Population Register containing details of name and address. (optional)

*Note: PAN and Aadhar Card is mandatory however in case customer’s address is not the same as mentioned in Aadhar, Bank may accept any other OVDs mentioned above for the purpose along with Aadhar Card.


MSSC account is opened for a period of 2 years and the account shall not be closed before maturity except in the following cases, namely:-

  • on the death of the account holder.
  • where the Bank concerned is satisfied, in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian, that the operation or continuation of the account is causing undue hardship to the account holder, it may, after complete documentation, by order and for reasons to be recorded in writing, allow premature closure of the account. Where an account is prematurely closed, interest on principal amount shall be payable at the rate applicable to the Scheme for which the account has been held (without deduction of any Penal Interest).

Premature closure of an account may be permitted, any time after the completion of six months from the date of opening of an account for any other reason mentioned above and in which case the balance as stood from time to time in the account shall be eligible only for the interest rate less by Two Percent (2%) than the rate specified by the scheme.
Click Here for Pre-mature Closure Form.


The deposit shall mature on completion of two years from the date of the deposit and the Eligible Balance may be paid to the account holder on an application in Form-2 submitted to the branch on maturity.
Click Here for Account Closure Form.


Account Opening Form
Account Closure Form
Withdrawal Form
Pre Mature Closure Form