Mahila Samman Savings Certificate: Mahila Samman Savings Certificate, 2023, a small savings scheme for women and girls, was introduced by Finance Minister Nirmala Sitharaman in the Budget 2023-24 to empower women. Earlier this small saving scheme was available only in post offices, but now it can be opened in banks also.
The Department of Economic Affairs, Ministry of Finance, through an e-gazette published on 27 June 2023, had authorized all public sector banks and eligible private sector banks to operate the Mahila Samman Savings Certificate, 2023.
- Bank of Baroda-Â Bank of Baroda has launched Mahila Samman Saving Certificate, 2023 scheme across India.
- Union Bank of India-Â Union Bank of India has also started Mahila Samman Saving Certificate, 2023 scheme all over India.
- Canara Bank- Canara Bank has launched Mahila Samman Savings Certificate, 2023 scheme all over India. In this context, it was said in the official tweet of Canara Bank that Canara Bank is proud to launch MSSC scheme all over India. As your trusted banking partner, we are committed to support the financial growth and empowerment of women.
- Bank of India-Â Bank of India MD and CEO Rajneesh Karnataka said that Bank of India is the first bank to start this scheme in all its branches.
Get this much interest
Mahila Samman Savings Certificate (Mahila Samman Savings Certificates Interest rate) scheme is a new initiative of the government for women. MSSC offers an interest rate of 7.5% per annum. The scheme is valid for a period of two years till March 31, 2025.
