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Mahila Samman Savings Certificate Calculator
The Mahila Samman Savings Certificate Calculator helps you quickly estimate how much your investment will grow under this government-backed scheme. It shows your maturity amount, interest earned, and total returns in seconds. Even though the scheme closed in 2025, many investors still want to track or analyse returns. This calculator makes planning simple, accurate, and stress-free.
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- Mahila Samman Savings Certificate Calculator
What is Mahila Samman Savings Certificate Calculator?
A Mahila Samman Savings Certificate (MSSC) calculator is an online tool that helps you estimate returns based on your investment.
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Input Fields
- Investment amount (₹1,000 to ₹2 lakh)
- Interest rate (7.5% per annum)
- Tenure (2 years fixed)
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Output You Get
- Total maturity amount
- Total interest earned
- Maturity amount
Important Update for 2026
- The Mahila Samman Savings Certificate Scheme was available from April 2023 to March 2025.
- It is now discontinued for new investments.
- Existing investors will continue to earn 7.5% till maturity.
How does the MSSC Calculator Work?
The Mahila Samman Savings Certificate calculator uses the compound interest formula with quarterly compounding to calculate your returns. It is based on quarterly compounding interest.
| A = P(1 + r/n)nt |
| Where:
A = Maturity amount P = Principal (initial investment) r = Annual interest rate (7.5% or 0.075) n = Number of times interest is compounded in a year (4 for quarterly) t = Time in years (2 years) |
Illustration of Mahila Samman Savings Certificate Calculator
If you invest in the MSSC schemes as per the following details, this best investment plan will give you the following returns as calculated using an MSSC calculator:
- Investment: ₹2,00,000
- Interest: 7.5%
- Tenure: 2 years
- Compounded: Quarterly
*Interest is added every quarter, so your returns grow faster than simple interest.
The Mahila Samman Savings Calculator will give you the following results:
- Total Deposit Amount: ₹ 200000.00
- Total Interest: ₹ 32044.00
- Maturity Amount: ₹ 232044.00
Key Features of Mahila Samman Savings Certificate
The key features of this safe investment plan with high returns are as follows:
- Minimum investment: ₹1,000
- Maximum investment: ₹2,00,000
- Deposit format: Multiples of ₹100
- Fixed interest rate: 7.5% per annum
- It provides guaranteed returns, as it is backed by the Government of India.
- The investment comes with a short and fixed tenure of 2 years, making it suitable for short-term goals.
- Interest is compounded quarterly, which helps your investment grow faster over time.
- It allows partial withdrawal of up to 40% after 1 year, giving some liquidity when needed.
Eligibility Criteria of Mahila Samman Savings Certificate
Here are the key eligibility conditions to apply for the Mahila Samman Savings Certificate:
| Criteria | Details |
| Who can invest | Women only |
| Minor account | Allowed via guardian |
| Residency | Indian resident |
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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Taxation on Mahila Samman Certificate Returns in 2026
The tax rules of MSSC are as follows:
- Interest is taxable as per your income tax slab rates
- No major tax deduction benefits available
- No TDS in most small cases
MSSC vs Fixed Deposit
| Feature | MSSC | Bank FD |
| Interest Rate | 7.5% | 3.5%–7.5% |
| Risk | Government-backed | Bank-dependent |
| Tenure | Fixed (2 years) | Flexible |
| Liquidity | Limited | Flexible |
| Taxation | Taxable | Taxable |
Benefits of Using Mahila Samman Certificate Calculator
The Mahila Savings Certificate Calculator offers you with the following key advantages:
- It provides instant and accurate results, helping you know your returns within seconds.
- It helps in better financial planning by giving a clear picture of your maturity amount.
- It shows the impact of quarterly compounding clearly, so you understand how your money grows.
- It is useful for comparing MSSC returns with fixed deposits or other investment options.
- It saves time and reduces manual calculation errors, making the process simple and reliable.
Conclusion
The Mahila Samman Savings Certificate Calculator is a simple yet powerful tool to understand your returns from this government-backed scheme. Even though new investments are no longer allowed after 2025, the calculator remains highly useful for analysing returns, comparing options, and improving financial decisions. If used smartly, it can help you make better short-term investment choices in 2026.
FAQs
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Can I still invest in MSSC in 2026?
No, the Mahila Samman Savings Certificate scheme was closed on 31 March 2025. -
Is MSSC interest taxable?
Yes, the interest earned on the Mahila Samman Savings Certificate is taxable according to your income slab. -
What is the maturity period?
The maturity period of the Mahila Samman Savings Certificate is fixed at 2 years. -
Can I withdraw money early?
Yes, you can withdraw up to 40% after 1 year of investing from your Mahila Samman Savings Certificate.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.