Budget 2023: Govt unveils one-time small savings scheme for women, offers 7.5% rate
1 min read . Updated: 01 Feb 2023, 01:28 PM IST
Premium- This scheme will offer a 7.5% interest rate and will have the benefit of a partial withdrawal option.
Finance Minister Nirmala Sitharaman in her Budget 2023 speech on Wednesday launched a one-time new small saving scheme, Mahila Samman Savings Certificate, for women or girls. This scheme will offer a 7.5% interest rate and will have the benefit of a partial withdrawal option.
However, the scheme will be made available for a period of two years, up to March 2025-end.
She said, "For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025."
According to the FM, the scheme will offer a deposit facility of up to ₹2 lakh in the name of women or girls for a tenor of 2 years at a fixed interest rate of 7.5% with a partial withdrawal option.
