Mahila Samman Savings Certificate: Details of the new savings scheme designed for women investors

The Mahila Samman Saving Certificate is a new small savings scheme aimed at encouraging women investors. The government introduced this scheme in the Budget 2023. The minimum investment amount is Rs. 1000, and the maximum amount is Rs. 1.5 lakh per financial year. Additionally, the scheme allows premature withdrawal after one year with some nominal penalty charges.