Over 14.83 lakh accounts opened under Mahila Samman Savings Certificate Scheme

Over 14.83 lakh accounts opened under Mahila Samman Savings Certificate Scheme: Under the Mahila Samman Savings Certificate Scheme, Over 14 lakh 83 thousand accounts were opened with total deposits of over 8,000 crore rupees. the newly launched small savings scheme has been exclusively for women and girls. Govt authorized the Department of Posts, all Public Sector Banks, and four Private Sector Banks to operate Mahila Samman Savings Scheme. The scheme will be available for a two-year period up to March 2025.

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The interest rate for MSSC is 7.5 per cent per annum, which is compounded quarterly, and the facility of partial withdrawal and premature closure on compassionate grounds are also available under this scheme, Chaudhary said.