Govt. Authorises ICICI, Axis, HDFC, IDBI & all Public Sector Banks to Operate Mahila Samman Savings Scheme
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- By Chetan Kulasri
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- Last Updated on 29 June, 2023
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Notification F. No. 1/3/2023-NS, dated 27-06-2023
The Central Government has specified that all public sector banks and ICICI Bank, Axis Bank, HDFC Bank Ltd. and IDBI Bank shall be authorised to operate the Mahila Samman Savings Scheme. The Government has also notified several conditions that should be followed by banks such as:
a) There shall be dedicated software in the bank for operation and accounting of National Savings Schemes with specific functionality for each Scheme;
b) The bank may manage the operations in accordance with the Scheme, through on-line mode also in all branches that are on Core Banking Solution.
c) he branches that are not on Core Banking Solution may operate the Scheme manually.
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