Question

    Which bank has become the first to officially introduce

    the Mahila Samman Savings Certificate (MSSC) scheme? 
    A HDFC Bank Correct Answer Incorrect Answer
    B State Bank of India (SBI) Correct Answer Incorrect Answer
    C Bank of India Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E Punjab National Bank (PNB) Correct Answer Incorrect Answer

    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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