Finance Minister Nirmala Sitharaman proposed a new savings program for women on February 1st, 2023, in the Budget 2023, keeping the issue of women’s financial independence in mind. The scheme is termed Mahila Samman Bachat Patra Yojana and it will be implemented for a period of two years, till  March 2025.

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Sitharaman is presenting the Union Budget 2023-24. The Modi government’s last full budget of the second term is this one. Before the Lok Sabha elections in 2024, this budget is thought to be of great significance. India is presenting its budget at a time when the major economies of the world are slowing down and maybe entering a recession.

Mahila Samman Bachat Patra Yojana 2023

The scheme named‘Mahila Samman Bachat Patra’or ‘Mahila Samman Savings Certificate’ is an initiative to commemorate Azadi Ka Amrit Mahotsav.

Article TitleMahila Samman Bachat Patra Yojana 2023
Scheme NameMahila Samman Bachat Patra
Launched ByGovernment of India
CategoryScheme updates
Launched forWomen in country

The Indian government has initiated the Mahila Samman Bachat Patra Yojana 2023, a savings program, to encourage women to save money and achieve financial independence.  Women will be able to invest two lakh rupees under this program for a period of two years. There will be an exemption from tax for this deposit as well as a return of 7.5 percent on this deposit.  This is a groundbreaking scheme for women. Apart from this, it has been announced increase the limit of 15 lakhs to 30 lakhs for senior citizens.

There are various advantages to the Mahila Samman Bachat Patra Yojana 2023, including desirable interest rates, simple access to funds, and tax advantages. The scheme allows women to open savings accounts with government-owned banks, and to put a minimum amount of money into each account every month as a deposit. The interest rate on the deposit is fixed and is higher than the interest rate on a normal savings account. Moreover, the deposit qualifies for tax advantages under Section 80C of the Income Tax Act. The program aids in increasing the participation of women in financial institutions and encouraging their involvement in the financial sector. A positive step towards empowering women and advancing financial knowledge is the Mahila Samman Bachat Patra Yojana 2023.

Mahila Samman Bachat Patra Calculator

Women have the great opportunity to become financially independent and save money while also gaining access to a number of benefits and tax breaks. Women can use the Mahila Samman Bachat Patra calculator to estimate their investment’s return. This calculator is simple to use and gives a precise estimate of the returns based on the investment amount, interest rate, and tenure.

Women have a great chance to save and invest money for the future through the Mahila Samman Bachat Patra. Women can safeguard their financial future and make a decent return on their investments thanks to its alluring interest rate. A calculator is a practical tool that enables women to plan their investments and savings and aids in their decision-making. Using the Mahila Samman Bachat Patra Calculator can ensure that women have a safe and secure investment option that provides them with peace of mind. The scheme also provides tax advantages, making it a desirable investment choice for women.

How to Apply Mahila Samman Bachat Patra Yojana

The steps to invest in the Mahila Samman Bachat Patra Yojana are as follows:

  • Visit the post office nearby: Inquire about the Mahila Samman Bachat Patra Yojana at the post office that is closest to you.
  • Complete a form for application: Get a form for the scheme and fill it out. Along with the specifics of your nomination, you will need to provide personal and financial information.
  • Submit the form and any required documents: Submit the completed application form and any required supporting materials, such as identification and address verification, to the post office.
  • Deposit the money: You can choose the amount you want to deposit and make deposits with cash or a check.
  • Collect the certificate: Following a successful deposit, you will be sent a certificate confirming your participation in the Mahila Samman Bachat Yojana.


Women can benefit from the program and make additional investments to secure their financial independence. The plan would also increase the representation of women in the nation’s financial landscape. The budget, according to the finance minister, will help them advance to the next level of economic empowerment. “From urban to rural women, we are working to improve the lives of our Nari Shakti,” PM Modi remarked in his budget presentation.

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