Bank of India becomes first bank to offer Mahila Samman Savings Certificate

Bank of India becomes first bank to offer Mahila Samman Savings Certificate: Bank of India has become the first bank to officially roll out Mahila Samman Savings Certificate (MSSC) scheme.

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The account will mature after two years from the date of opening. Accounts under this scheme can be opened until March 31, 2025.

The scheme offers an interest rate of 7.5% per annum, compounded quarterly. Individual girls or women can open an account under the Mahila Samman Savings Certificate scheme or a guardian can open an account on behalf of a minor girl.