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Investors can consider investing in this scheme by investing for a mother or wife or girl child. Compared to many other small savings vehicles, this may be an excellent choice for women wanting high safety and a shorter term of locking in money.
Mahila Samman Savings Certificate: Under this Scheme, investment can be made by a woman for herself, or by the guardian on behalf of a minor girl on or before the 31st March, 2025. An account opened under this Scheme will be a single holder type account.
The Mahila Samman Savings Certificate was unveiled by Nirmala Sitharaman, Union Finance Minister, at the presentation of her budget for the current fiscal year (2023-2024).