'Mahila Samman Savings Certificate': New deposit scheme for women in Union Budget 2023

Presenting the annual budget for fiscal year 2023-24, Union Finance Minister Nirmala Sitharaman on Wednesday announced a new scheme for women Mahila Samman Savings Certificate.

The one-time new small saving scheme will offer an interest rate of 7.5 per cent for a maximum deposit of Rs 2 lakh. The scheme will be available for years up to March 2025.