Our mahila samman savings certificate calculator (also known as the mssc calculator) lets you calculate your exact quarterly compounded returns and final maturity payout in a few simple steps:
Our post office mahila samman savings certificate calculator uses the exact formula mandated by the Ministry of Finance and India Post, ensuring 100% mathematical accuracy.
The Mahila Samman Savings Certificate (MSSC), also commonly referred to as the Mahila Samman Yojana, is a specialized government-backed small savings scheme launched to foster financial security and wealth creation for women and girls in India. Backed by a 100% sovereign guarantee from the Government of India, the scheme provides a high fixed return of 7.5% per annum with the added advantage of quarterly compounding over a flexible 2-year period.
The Mahila Samman Savings Certificate is a one-time, 2-year small savings instrument available through India Post offices and authorized commercial banks (such as SBI, Bank of Baroda, PNB, Canara Bank, and Union Bank of India). It was introduced to encourage women to invest their savings in a risk-free avenue that outperforms standard bank fixed deposits of comparable tenures.
Exclusively available for female investors of any age. An adult woman can open an account in her own name, and a parent or legal guardian can open an account on behalf of a minor girl child.
Interest in the mahila samman savings scheme calculator is calculated using the standard quarterly compound interest formula:
A = P × ( 1 + r ÷ 400 )4 × t
Below is a quick reference table showing the total interest earned and final maturity payouts across standard deposit amounts in the mahila samman saving scheme calculator:
| Deposit Amount (₹) | Interest Rate (p.a.) | Tenure | Total Interest Earned (₹) | Final Maturity Amount (₹) |
|---|---|---|---|---|
| ₹10,000 | 7.5% | 2 Years | ₹1,602 | ₹11,602 |
| ₹25,000 | 7.5% | 2 Years | ₹4,006 | ₹29,006 |
| ₹50,000 | 7.5% | 2 Years | ₹8,011 | ₹58,011 |
| ₹1,00,000 | 7.5% | 2 Years | ₹16,022 | ₹1,16,022 |
| ₹1,50,000 | 7.5% | 2 Years | ₹24,033 | ₹1,74,033 |
| ₹2,00,000 (Maximum) | 7.5% | 2 Years | ₹32,044 | ₹2,32,044 |
| Feature | Mahila Samman (MSSC) | Sukanya Samriddhi (SSY) | Post Office 2-Yr TD | 2-Year Bank FD |
|---|---|---|---|---|
| Interest Rate (p.a.) | 7.5% | 8.2% | 7.0% | 6.5% – 7.1% |
| Tenure | 2 Years | 21 Years (or marriage) | 2 Years | 2 Years |
| Target Group | Women & Girls of any age | Girl child below 10 years | All Individuals | All Individuals |
| Maximum Deposit | ₹2,00,000 | ₹1,50,000 / year | No Limit | No Limit |
| Partial Withdrawal | Up to 40% after 1 Year | Up to 50% after age 18 | Not permitted | Premature exit only |
| Sec 80C Tax Benefit | No | Yes (EEE Status) | No | No (Only 5-Yr Tax Saver) |
The Mahila Samman Savings Certificate offers a fixed interest rate of 7.5% per annum, compounded quarterly for a tenure of 2 years.
The minimum deposit amount is ₹1,000 (in multiples of ₹100), and the maximum limit is ₹2,00,000 per individual woman or girl.
Yes, multiple accounts can be opened subject to the overall maximum cap of ₹2,00,000 across all accounts, with a mandatory minimum gap of 3 months between opening the first and subsequent accounts.
Yes, you can withdraw up to 40% of the eligible balance after completing 1 year (12 months) from the date of account opening by submitting Form-3 at the post office or bank.
Yes. Premature closure is permitted after 6 months from account opening, in which case the interest is paid at 5.5% p.a. (2% less than the standard rate). Premature closure without interest penalty is allowed on the death of the account holder or on extreme medical grounds.
No, deposits in MSSC do not qualify for tax deductions under Section 80C of the Income Tax Act. The interest earned is taxable under 'Income from Other Sources' at your applicable income tax slab rate.
No, Tax Deducted at Source (TDS) is not deducted on MSSC interest payments by Post Offices or banks (as notified by the Central Board of Direct Taxes). However, the interest income must be reported in your annual Income Tax Return.
Any female individual of any age (women or minor girls through a guardian) who is a resident of India is eligible to open an MSSC account.