Key Points
Mahila Samman Certificate intends to improve access to the scheme for girls and women..
It was announced in the Budget 2023 by the finance minister, Nirmala Sitharaman...
The Department of Economic Affairs, Ministry of Finance, by an e-gazette announcement published on June 27, 2023, authorised all Public Sector Banks and qualified Private Sector Banks to execute and operationalize the Mahila Samman Savings Certificate, 2023..
(b) where the post office or the Bank concerned is satisfied, in cases of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder or death of the guardian, that the operation or continuation of the account is causing undue hardship to the account holder, it may, after complete documentation, by order and for reasons to be recorded in writing, allow premature closure of the account...
2) Where an account is prematurely closed under interest on principal amount will be payable at the rate applicable to the Scheme for which the account has been held.. (3) Premature closure of an account may be permitted, any time after the completion of six months from the date of opening...
