FM Nirmala Sitharaman: Ministry of Finance has permitted all public sector banks and eligible private sector banks to introduce and sell Mahila Samman Saving Certificate, 2023. given.
Mahila Samman Savings Certificate: There is great news for women across the country. The Ministry of Finance has given permission to all public sector banks and eligible private sector banks to implement and sell Mahila Samman Savings Certificate, 2023. That is, now you can take advantage of this scheme in any private and government bank. For this you do not just need to go to the post office.
Finance Ministry issued a statement
The Department of Economic Affairs, Ministry of Finance has issued this regulation through an e-Gazette notification issued on June 27, 2023. The Finance Ministry said in a statement on Friday that the move is aimed at helping increase the reach of the scheme to girls/women. In this way, membership of Mahila Samman Savings Certificate Scheme can now be taken in eligible scheduled banks along with post offices.
The central government had announced in the budget
This scheme, started to encourage savings among women, is applicable from April 1, 2023, through the Department of Posts. In the general budget of the financial year 2023-24, the Central Government had announced the Mahila Samman Savings Certificate 2023 scheme to provide financial security to every girl and woman of the country.
Will get 7.7 percent interest
Under this scheme, interest will be given at the rate of 7.5 percent per annum on the deposited amount, which will be added on quarterly basis. In this way the effective interest rate will be around 7.7 percent.
Can start with minimum 1000 rupees
Any amount in multiples of 100 can be deposited within the limit of minimum Rs.1000 and maximum Rs.2 lakh. The maturity of investment under this scheme is two years from the date of account opening under the scheme. Under this scheme, the account can be opened for a period of two years on or before March 31, 2025.
