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Mahila Samman Bachat Patra

News: Mahila Samman Saving Certificate Scheme is the name of the programme in English. During the presentation of the budget to Parliament, the Finance Minister made the announcement. The GoI will provide a Savings Certificate as part of the programme. Up to 2025, certifications will be issued. The programme is aimed towards girls and women. Using this certificate, they can obtain a deposit security of two lakh rupees. 7.5% is the interest rate.

Bacahat patra

• You purchase the savings certificate for a set sum. Let’s say you spent Rs. 50,000. A certificate will now be issued by the GoI or its representative, which may be a bank or the post office, as a receipt for your funds.
• This fixed deposit of 50,000 rupees will now be used. Savings certificate plans always offer better interest rates than the standard fixed deposits you can open at any other Indian bank, though. For instance, the National Savings Certificate programme offers 7% interest. The post office is where you can get this certificate. These savings certificate programmes’ only flaw is that you cannot split the deposit in half.