Women's Finance

Mahila Samman Savings Calculator

Calculate the exact maturity value for the Mahila Samman Savings Certificate (MSSC), a special 2-year deposit scheme for women offering 7.5% interest.

Investment Details

Minimum ₹1000. Maximum ₹2 Lakhs.

7.5% p.a.

Compounded quarterly.

2 Years

Short-term lock-in.

Maturity Summary

Final Value

₹2,32,044

Payable after 2 years.

Eligible Deposit₹2,00,000
Total Interest Earned+₹32,044

About Mahila Samman Savings Certificate

  • Exclusive to Women: The MSSC was launched in Budget 2023 specifically to encourage financial independence for women. The account can be opened by any woman for herself, or by a guardian on behalf of a minor girl.
  • High Interest, Short Tenure: Unlike PPF (15 years) or NSC (5 years), the MSSC offers a very attractive 7.5% interest rate for a short lock-in period of just 2 years. Furthermore, the interest is compounded quarterly, increasing the effective yield.
  • Partial Withdrawals: You don't have to wait a full 2 years if an emergency strikes. The scheme allows a one-time partial withdrawal of up to 40% of the eligible balance after the first year.
  • No Tax Benefits: It is important to note that deposits made under MSSC do not qualify for Section 80C tax deductions, and the interest earned is fully taxable according to the depositor's income tax slab.