Budget 2023: FM Sitharaman announces new savings scheme for women and senior citizens

FM Sitharaman announced Mahila Samman Bachat Patra- a one-time new small savings scheme – for a two-year period up to March 2025. This initiative will avail a deposit facility for a woman up to ₹two lakh for two-year period at a fixed interest rate of 7.5% with partial withdrawal option.

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