Mahila Samman Savings Certificate: After Bank of India, now Canara Bank has started Mahila Samman Saving Certificate, 2023 scheme all over India.

Union Finance Minister Nirmala Sitharaman launched Mahila Samman Saving Certificate during the budget presented for this business year (2023-2024). Canara Bank said in an official tweet that as your trusted banking partner, we are committed to supporting the financial growth and empowerment of women.

It is known that Mahila Samman Saving Certificate, 2023 (MSSC) provides a safe investment option to a woman for herself or by a guardian on behalf of a minor girl child. Let us know in detail about the Mahila Samman Saving Certificate Scheme.

Mahila Samman Savings Certificate Scheme
  • Under this, individuals are allowed to open as many accounts as they want, as long as the total investment limit is not crossed.
  • Its duration is of two years.
  • An investment of at least 1000 rupees is necessary in this.¬†And in multiples of Rs 100, a maximum investment of Rs 2,00,000 can be made.
  • The amount deposited in Mahila Samman Savings Certificate earns an interest rate of 7.5 per cent every year.
  • Interest is credited to the account on a quarterly basis.
  • This interest rate is fixed for the entire period of two years.
  • In case of death of the account holder, the account can be closed before maturity.
  • Premature closure of the account can be done at any time after completion of six months from the date of opening of the account.

How to open Mahila Samman Savings Account

If you also want to invest in this scheme, then to open its account, its form in the nearest post office or authorized bank, KYC documents (Aadhaar and PAN card), KYC form for new account holders, deposit amount / pay with cheque- Can submit in-slip.

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