![Bank of India to roll out Mahila Samman Savings Certificate Scheme Bank of India to roll out Mahila Samman Savings Certificate Scheme](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB0TmPM5T8de4f8e8YsN3GmXGyLu60f0QK9IGqd_fb36gnIg_jyWoLG4NXURyKdNvZDbeKDBXbeYpk2zqn9cE4jQCNbz6n1yHa5lAF4_67WljASWQMwKoaPZzzneVBLW62oI8yMmJ61z3-vYS-bfh-e191CMgHSSrvWgCcczqIrd3duxsD67cboxhV-vo/w320-h192-rw/Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(300%20%C3%97%20500%20px).jpg)
- The scheme was launched to commemorate the Azadi ka Amrit Mahotsav. It is a one-time scheme available for two years, from April 2023-March 2025.
- It offers a maximum deposit facility of up to Rs.2 lakh in the name of women or girls for two years at a fixed interest rate of 7.5%.
- The scheme is government-backed and has a partial withdrawal facility of up to 40% of the account balance after one year. The scheme also has some tax benefits as TDS is not deducted from the interest received under this scheme.
- The scheme aims to empower women by increasing their participation in investments and promoting their financial inclusion.
Question:
Q.1 What is the interest rate offered by the Mahila Samman Savings Certificate Scheme?a. 6.5%
b. 7.5%
c. 8.5%
d. 9.5%