Mahila Samman Savings Certificate 2023: Bank of India has started Mahila Samman Savings Certificate 2023 in all its branches. The announcement was made by the Finance Minister in the last budget speech.
In the last budget speech, Finance Minister Nirmala Sitharaman had announced a scheme to provide guaranteed returns for women.
This scheme named Mahila Samman Nidhi Saving Certificate can now be started in every branch of Bank of India.
Women can get 7.5% annual return on small savings through this scheme.
Women can deposit a minimum of Rs 1,000 and a maximum of Rs 2 lakh under this scheme.
Along with this, women can also start separate accounts within three months. But the maximum limit will be 2 lakhs.
The Finance Minister had announced that in this scheme, women will also get exemption under tax rules.
The account will mature after 2 years from the date of opening and accounts under this scheme can be opened till 31/03/2025.
