<h1>Mahila Samman Savings Certificate 2023: Banks Join Post Offices in Offering 7.5% Interest for Women's Financial Security.</h1> The Department of Economic Affairs, Ministry of Finance, has authorized Public Sector Banks and eligible Private Sector Banks to implement the Mahila Samman Savings Certificate, 2023, enhancing access for women and girls. Initially operational through Post Offices since April 1, 2023, the scheme offers a secured investment option with a 7.5% annual interest rate, compounded quarterly. It allows deposits from Rs. 1,000 up to Rs. 200,000, with a two-year maturity and partial withdrawal flexibility of up to 40% of the balance. Announced in the Union Budget FY 2023-24, it aims to provide financial security to women in India.