Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

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Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women - Business Standard

Quick Summary:

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.

The present rate of interest is 7.1 per cent.“MIP is a relatively less attractive scheme, even compared to current bank FDs rates.

Similarly, the rate of TCS on foreign remittances for the purpose of education through loan from financial institutions is proposed to continue to be 0.5 per cent in excess of Rs 7 lakh.