Despite many famous researchers such as Anna Morcom decalring that Saraswati Devi is the first female MD, RMIMers know better. Read about it here
Sound and Music in Hindi Talkies
Unfortunately I do not have any song with her as MD, enjoy this Meera bhajan sung by her
Bhajan by Ishrat Jehan (Bibbo)
Now you know!
Listen to Nishan (1965)