Lagatar24 Desk
New Delhi, Feb 1: Finance Minister while presenting the Union Budget on Wednesday announced Mahila Samman Bachat Patra,a one-time new small savings scheme for a two-year period up to March 2025.
Through this programme, a woman will be able to deposit up to Rs. 2 lakh for a two-year term at a fixed interest rate of 7.5% with the possibility of partial withdrawal.
The project is being started to honour Azadi Ka Amrit Mahotsav. In addition to this, the Senior Citizens’ Savings Scheme’s maximum deposit amount was increased by the Finance Minister from 15 lakh to 30 lakh. As part of the Monthly Income Accounts Scheme, she also announced an increase in the maximum deposit limits from 4.5 lakh to 9 lakh for single accounts and from 9 lakh to 15 lakh for joint accounts.
“For commemorating Azadi Ka Amrit Mahotsav, a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025. This will offer deposit facility upto 2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option,” she said.
“The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from 15 lakh to 30 lakh. The maximum deposit limit for Monthly Income Account Scheme will be enhanced from 4.5 lakh to 9 lakh for single account and from9 lakh to 15 lakh for joint account,” she added.
