Question
Which bank has become the first to officially introduce
the Mahila Samman Savings Certificate (MSSC) scheme? What are the key features of this scheme?Solution
Bank of India has become the first bank to introduce the Mahila Samman Savings Certificate (MSSC) scheme. This scheme offers an interest rate of 7.5% per annum, compounded quarterly. Individual girls or women can open an account under the scheme, and guardians can also open an account on behalf of minor girls.
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