MSSC Scheme Discontinued: Last Date for Deposits 31 March 2025

Government Discontinues Mahila Samman Savings Certificate (MSSC) Scheme – Effective 31st March 2025

The Department of Posts (DoP), under the Ministry of Communications, has issued SB Order 03/2025 dated 28th March 2025, announcing the discontinuation of the Mahila Samman Savings Certificate (MSSC) Scheme as per directives from the Ministry of Finance.

Key Highlights of the Notification:

Also read :Standard Operating Procedure for 40% withdrawal in MSSC account in Post Office Finacle

✅ Last Date for Deposits: 31st March 2025 (No new deposits accepted thereafter).

✅ Authority: Decision approved by the Department of Economic Affairs (DEA), Ministry of Finance (Ref: F.No.14/1/2019-NS-Part(1)).

✅ Circulation: All Post Offices, Banks, and Agencies instructed to comply.

✅ Public Notice: Mandatory display on Post Office notice boards for awareness.

Background of MSSC Scheme

The Mahila Samman Savings Certificate (MSSC), launched in 2023, was a women-centric savings scheme offering attractive interest rates and flexible deposit options. Its discontinuation aligns with the government’s revised savings policy.

Actions Required by Stakeholders

Post Offices:

• Stop accepting new MSSC deposits from 1st April 2025.
• Display notices for public information.
• Banks & NSI: Ensure compliance with the Ministry of Finance’s order.
• Existing Account Holders: No impact on matured deposits; only new investments barred.

Why Was MSSC Discontinued?

While the official circular does not specify reasons, possible factors include:

✔ Policy Revisions under the National Savings Programme.

✔ Low uptake or overlap with other schemes (e.g., Sukanya Samriddhi Yojana).

✔ Budgetary adjustments by the Ministry of Finance.

Official References

Also read :Finacle Patch Deployment for 40% withdrawal in MSSC account in Post Offices

SB Order No. 03/2025 – Department of Posts (Download PDF).

Ministry of Finance Letter No. 14/1/2019-NS-Part(1) dated 27.03.2025.