Mahila Samman Savings Certificate Scheme mobilises Rs 8,630 cr: FinMin

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As many as 14.83 lakh accounts opened under Mahila Samman Savings Certificate Scheme (MSSC) and mobilised Rs 8,630 crore, Parliament was informed on Monday..

This is a newly launched small savings scheme of the government to commemorate the Azadi ka Amrit Mahotsav and is exclusively for women and girls in India, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha...

Sharing some salient features of the scheme, he said an MSSC account may be opened by women of any age group, including the girl child, with a minimum deposit of Rs 1,000 and a maximum deposit of Rs 2 lakhs for a period of two years...

Replying to another question, Chaudhary said the interest rate on National Savings Time Deposit Scheme (1 Year & 2 Year) and National Savings Recurring Deposit have been increased by 10 bps and 30 bps, respectively, in the second quarter (July to September) of FY 2023-24...

The net collection under Small Savings Schemes for the first two months of Q1 of FY 2023-24 is Rs 74,937.87 crore, he said.. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)..