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For Women & Girls Rate: 7.5% p.a. (Quarterly Compounding) Sovereign Guarantee

Mahila Samman Savings Certificate (MSSC) Calculator

Calculate guaranteed maturity value and quarterly compounding returns for India's dedicated savings scheme for women.

Investment Details

₹
Min: ₹1,000 Max: ₹2,00,000 (Govt Limit)
Partial withdrawal of up to 40% is allowed after 1 year.
Eligible to withdraw up to 40% of the balance after 1 year (Quarter 4).
Interest Rate: 7.50% p.a.
Compounding: Quarterly (Effective ~7.71%)
Eligible Account Holder: Female citizen of any age
Guaranteed Maturity Amount (After 2 Years)
₹2,32,044
Principal Invested
₹2,00,000
Total Interest
₹32,044
Effective Yield
7.71% p.a.
1-Yr 40% Limit
₹86,220
Statutory Rule (Ministry of Finance): Standard Lock-in

Partial withdrawal of up to 40% of the balance is permitted after 1 year (Quarter 4).

Sovereign Parity

MSSC (7.50%) vs 2-Year Bank Fixed Deposit (FD)

+50 bps Sovereign Edge

Compare 2-year quarterly compounding between Mahila Samman Certificate (7.50%) and standard commercial bank fixed deposits (6.80%–7.10%). Both schemes are taxed at slab rates without Section 80C deductions, but MSSC accounts at Post Offices enjoy 0% TDS deduction at source.

%
MSSC (7.50% Sovereign) 0% TDS at Source
Guaranteed 2-Year Maturity:
₹2,32,044
Total Interest Earned: ₹32,044
Post-Tax Net In-Hand: ₹2,22,048
Section 194A TDS: ₹0 (Post Office Exemption)
2-Year Bank FD (7.00%) DICGC Covered
Maturity Proceeds:
₹2,29,776
Total Interest Earned: ₹29,776
Post-Tax Net In-Hand: ₹2,20,490
Bank TDS at Source: ₹0 (Under ₹40k)
MSSC provides a 50 bps yield advantage over standard 2-year bank fixed deposits, earning an additional ₹2,268 in guaranteed compound interest with zero TDS deduction at source.

Principal vs Compounded Interest Breakdown

Quarter-by-Quarter Growth Schedule

Quarterly Compounding
Quarter Opening Balance (₹) Interest Earned (₹) Closing Balance (₹)

About Mahila Samman Savings Certificate (MSSC)

The Mahila Samman Savings Certificate is a specialized small-savings initiative launched by the Ministry of Finance to commemorate Azadi Ka Amrit Mahotsav. Tailored specifically for women and girl children, it offers sovereign capital security coupled with a high interest rate of 7.5% compounded quarterly over a 2-year tenor.

Key Features & Rules

  • Fixed 7.5% Rate: Interest rate is locked in for the entire 2-year tenure.
  • Deposit Range: Minimum ₹1,000, maximum ₹2,00,000 in multiples of ₹100.
  • Partial Withdrawal: Up to 40% of the eligible balance can be withdrawn after 1 year.
  • Sovereign Safety: Backed 100% by the Government of India via Post Offices and authorized banks.

Tax Treatment & TDS

Unlike PPF or SSY, investments in MSSC do not qualify for Section 80C tax deductions. The interest earned is taxable under "Income from Other Sources" as per the individual's tax slab. However, no TDS (Tax Deducted at Source) is deducted on interest payments up to statutory thresholds.

Frequently Asked Questions

Any woman can open an account for herself, or a natural/legal guardian can open an account on behalf of a minor girl child.

Yes, a woman can hold multiple MSSC accounts, provided there is a minimum gap of three months between opening consecutive accounts and the total aggregate deposit across all accounts does not exceed ₹2 Lakh.

MSSC accounts can be opened at any Department of Post (India Post) office or designated public and private sector banks across India.