Public Sector Banks and eligible Private Sector Banks authorised to implement and operationalise Mahila Samman Savings Certificate, 2023
The Government of India has authorized all Public Sector Banks and eligible Private Sector Banks to implement and operationalize the Mahila Samman Savings Certificate, 2023. This scheme aims to provide financial security to every girl and woman in India. Account opening is available until March 31, 2025, with a tenure of two years. The scheme can be subscribed to at Post Offices and eligible Scheduled Banks.
Secured Investment Option: The Mahila Samman Savings Certificate, 2023 offers an attractive and secured investment option for all girls and women in India. It ensures that their financial needs are met and provides a sense of economic empowerment.
Partial Withdrawal Option: The Mahila Samman Savings Certificate, 2023 offers flexibility not only in investments but also in partial withdrawals during the scheme’s tenure. Account holders are eligible to withdraw up to 40% of the eligible balance in the scheme account, providing financial liquidity when needed.
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