1 / 7Finance Minister Nirmala Sitharaman announced a new savings scheme for women in her budget speech on February 1. The Finance Minister had said that he had decided to launch a new savings scheme for women called Mahila Samman Savings Certificate.2 / 7The scheme will be available for women for two years till March 2025. In this, up to Rs 2 lakh can be invested in the name of a woman or girl child, which will earn 7.5 per cent interest per annum. It will have a partial withdrawal option.3 / 7Through Mahila Samman Savings Certificate, Mahila Samman Savings Certificate can be purchased in the name of any woman or girl child. Through this money can be invested on their behalf.4 / 7The maximum investment limit in Mahila Samman Savings Certificate is Rs 2 lakh. Investors can earn a fixed interest rate of 7.5 percent under this scheme.5 / 7Important thing to note here is that this is a one time scheme. Women investors will be able to take advantage of this scheme for the next 2 years i.e. till 2025.6 / 7This scheme is being run by the central government. Also, the option of partial withdrawal has also been given to the investors in this scheme. Investors can withdraw some money from this if required.7 / 7No further details on how the interest will be calculated have been revealed. No information has come out whether compounding interest will be given or simple interest will be given. No information has been given yet whether TDS will be deducted on the interest received.