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New savings scheme for women with 7.5% interest
Highlights
Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years has been announced in the budget
New Delhi: Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years has been announced in the budget.
The deposit can be made in the name of a woman or a girl child. The maximum deposit amount has been kept at Rs 2 lakh and the scheme will have a partial withdrawal facility as well.
"One-time new small saving under 'Mahila Samman Saving Patra' for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent," FM Sitharaman announced.
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