MAHILA SAMMAN SAVINGS CERTIFICATE, 2023
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| Eligibility |
Woman for herself or by the guardian on behalf of a minor girl. |
| Mode of Operation |
Single |
| Deposit Amount |
Minimum Rs. 1000/- (any sum in multiples of Rs. 100/-)
Maximum Rs. 200000/-
An individual may open any number of accounts subject to the maximum limit for deposit and a time gap of three months between the existing account and the opening of other account. |
| Rate of Interest |
7.5% p.a. |
| Tenor |
2 Years |
| Withdrawal Permitted |
Maximum of 40% of the eligible balance once after the expiry of one year from the date of opening of the account but before the maturity of the account. |
| Premature Closure |
- On the death of the account holder.
- 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.
- For any reason other than above, any time after the completion of six months from the date of opening of an Account and in this case the balance stood from time to time in the account shall be eligible only for the interest rate less by two per cent points than the rate specified for this Scheme.
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As of now, accounts are allowed to be opened under this scheme up to 31.03.2025.