New Investment Scheme for Women

Budget 2023: Nirmala Sitharaman unveils women's investment scheme

Nirmala Sitharaman introduced a one time small saving scheme for women on February 1. Mahila Samman Saving Certificate  will run until March 2025.

The 2-year programme would give 7.5 percent fixed interest. Women or girls can deposit. The scheme will allow partial withdrawals. This scheme allows Rs 2 lakh deposits.

The finance minister raised the maximum Senior Citizen Saving Scheme (SCSS) investment to Rs 30 lakh from Rs 15 lakh. POMIS also increased its limit. POMIS allows Rs 9 lakh per name, up from Rs 4.5 lakh. From Rs.  9 lakh to Rs. 15 Lakhs for joint accounts.

Investors seeking regular income in strong inflation have found relief in limit increases. The programmes are sovereign-backed and credit-risk-free.

Click here…Should invest in Government Bonds
Click here… Should invest in National Pension Scheme (NPS)
Click here... How does work National Saving Certificate (NSC)
Click here... to Work Public Provident Fund (PPF)
Click here…Should invest in Postal Monthly Investment Scheme


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