3 banks offering Mahila Samman Savings Certificate, post off scheme earning 7.5% interest rate

economictimes.indiatimes.com:

Mahila Samman Savings Certificate, a small savings scheme for women and girls, was introduced by Union Finance Minister Nirmala Sitharaman in the Union Budget 2023–24. Through an e-gazette announcement published on June 27, 2023, the Department of Economic Affairs, Ministry of Finance, authorised all Public Sector Banks and qualified Private Sector Banks to adopt and operationalize the Mahila Samman Savings Certificate, 2023. The Mahila Samman Savings Certificate scheme can now be purchased at Post Offices and qualified Scheduled Banks.

The two-year Mahila Samman Savings Certificate is a one-time programme that runs from April 2023 to March 2025. For two years at a set interest rate, it will provide a maximum deposit facility of up to Rs. 2 lakh in the names of women or girls.Post Office The scheme has been in operation since April 1, 2023 through the Department of Post. Interested women investor can submit account opening form, KYC Document (Aadhaar and PAN card), KYC form for new account holder, Pay-in-Slip along with deposit amount/cheque at nearest post office.Bank of BarodaBank of Baroda has announced the launch of the Mahila Samman Savings Certificate (MSSC) Scheme, a new initiative by the Government for women, according to the Bank of Baroda press release. At Bank of Baroda, Mahila Samman Savings Certificate Schemes can be opened by both customers and non-customers. Any woman who meets the requirements can open an account, either on her own behalf or on behalf of a girl who is minor and has a guardian (female or male).Canara Bank Canara Bank has rolled out Mahila Samman Savings Certificate, 2023 scheme across India According to the Canara Bank official tweet, “Canara Bank is proud