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FM announces new investment scheme for women


To commemorate the Azadi Ka Amrit Mahotsav, the FM has proposed to introduce the Mahila Samman Bachat Patra or the Mahila Samman Savings Certificate.

The tenure of the scheme will be fixed for 2 years, the maximum deposit amount will be 2 lakhs, and the interest will be fixed at 7.5 percent p.a.

The FM also announced the proposal to increase the investment limit for the Senior Citizen Savings Scheme.

SCSS deposit limit has been proposed to be doubled from the current limit of 15 lakhs to 30 lakhs


The FM also announced the proposal to increase the investment limit for the Monthly Income Account Scheme. 


The limit will be enhanced from the current 4.5 lakhs to 9 lakhs for a single account and from the current 9 lakhs to 15 lakhs for a joint account.

 Investors with a conservative risk profile can invest more money in these schemes.

Click here to know more about new investment products for women

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Women in Budget 2023: FM announces new investment scheme; Check details

The Budget 2023 announced various measures for different sections of society. There were two notable announcements for women and senior citizens.

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