Bank of Baroda launches Mahila Samman Savings Certificate, a small savings scheme with 7.5% interest rate

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Bank 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..

Nirmala Sitharaman announced the Mahila Samman Savings Certificate, a small savings scheme for women and girls, in the Union Budget 2023-24...

At Bank of Baroda, Mahila Samman Savings Certificate Schemes can be opened by both customers and non-customers..

Under MSSC, a single account holder may deposit up to Rs 200,000 cumulatively, either all at once or gradually, with a minimum deposit of Rs 1,000 made in multiples of Rs 100...

The Mahila Samman Savings Certificate account is charged with the interest on a quarterly basis..

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