The Mahila Samman Savings Certificate (MSSC) is a government-backed fixed-income savings scheme introduced to empower women with higher returns and secure savings. If you’re planning to invest in this scheme, it’s crucial to estimate your maturity amount and interest earnings before depositing funds.
This is where the Mahila Samman Savings Certificate Calculator comes in! It helps you quickly calculate how much interest you will earn and the final amount you’ll receive at maturity.
Use our free online calculator below to get an instant estimate and make an informed financial decision.
What is the Mahila Samman Savings Certificate?
The Mahila Samman Savings Certificate is a 2-year savings scheme exclusively for women and girls. It offers a fixed interest rate of 7.5% per annum and allows a maximum investment of ₹2,00,000.
Key Features of the Scheme:
✅ Guaranteed Returns: Fixed 7.5% annual interest rate.
✅ Flexible Deposits: Invest from ₹1,000 to ₹2,00,000.
✅ Short-Term Investment: Matures in just 2 years.
✅ Partial Withdrawal: Allowed after 1 year under specific conditions.
✅ Government Security: Backed by the Indian government, making it a safe investment.
Since the interest is compounded quarterly, manual calculations can be complex. This is why using an online Mahila Samman Savings Calculator is the easiest way to determine your earnings.
How Does the Mahila Samman Savings Certificate Calculator Work?
The calculator is designed to help investors get an instant estimate of their total earnings and maturity amount.
What Inputs Are Required?
To use the Mahila Samman Savings Calculator, you need to enter:
✔️ Deposit Amount (₹1,000 – ₹2,00,000)
✔️ Interest Rate (7.5% per annum, compounded quarterly)
✔️ Investment Tenure (Fixed at 2 years)
The calculator then provides:
📌 Total Interest Earned over 2 years
📌 Final Maturity Amount (Principal + Interest)
Formula Used in the Calculator:
The interest is calculated using the compound interest formula:
A=P(1+r4×100)4tA = P \left(1 + \frac{r}{4 \times 100}\right)^{4t}
Where:
- A = Maturity Amount
- P = Principal Amount (Investment)
- r = Interest Rate (7.5% per annum)
- t = Time Period (2 years)
- 4 = Quarterly Compounding
This method ensures higher returns compared to simple interest calculations.
Example Calculation: Mahila Samman Savings Scheme
Let’s say you invest ₹2,00,000 in the scheme.
| Year | Opening Balance (₹) | Interest Earned (₹) | Total Balance (₹) |
| 1 | 2,00,000 | 15,384 | 2,15,384 |
| 2 | 2,15,384 | 16,154 | 2,31,538 |
🔹 Total Interest Earned: ₹31,538
🔹 Final Maturity Amount: ₹2,31,538
Instead of calculating manually, use our instant online calculator to get your results in seconds.
Step-by-Step Guide to Using the Calculator
Follow these 3 simple steps to calculate your Mahila Samman returns:
Step 1: Enter Your Investment Amount
- Choose any amount between ₹1,000 to ₹2,00,000 (in multiples of ₹100).
- Example: ₹50,000 investment.
Step 2: Select Interest Rate
- The fixed 7.5% per annum interest is applied automatically.
Step 3: Get Instant Results
- The calculator displays:
✅ Total Interest Earned
✅ Maturity Amount (after 2 years)
✅ Quarterly Compounding Breakdown
This ensures precise financial planning without manual calculations.
Why Use the Mahila Samman Savings Calculator?
✅ Instant & Accurate Results – Avoid complex manual calculations.
✅ Compare Investment Options – See how it performs against FDs or PPF.
✅ Plan Withdrawals & Reinvestment – Helps in better financial decisions.
It’s free, easy to use, and helps maximize your savings strategy!
Comparison: Mahila Samman vs. Other Savings Schemes
If you’re unsure whether to invest in Mahila Samman or other savings schemes, check this comparison:
| Scheme | Interest Rate | Lock-in Period | Max Deposit | Tax Benefits |
| Mahila Samman | 7.5% | 2 Years | ₹2 Lakh | No Tax Benefits |
| Sukanya Samriddhi Yojana | 8% | 21 Years | ₹1.5 Lakh/Year | Tax-Free |
| Post Office FD | 6.7% | 5 Years | No Limit | Partial Tax Benefits |
| PPF (Public Provident Fund) | 7.1% | 15 Years | ₹1.5 Lakh/Year | Tax-Free |
🔹 Best for Short-Term Savings? Mahila Samman
🔹 Best for Long-Term Tax Savings? Sukanya Samriddhi Yojana or PPF
If your goal is quick returns within 2 years, Mahila Samman is a great choice!
FAQs – Mahila Samman Savings Calculator
1. Who can invest in the Mahila Samman Savings Scheme?
Women and girls of any age can invest in the scheme. Guardians can open accounts for minors.
2. How much interest will I earn on ₹2 Lakh?
At 7.5% compounded quarterly, your total maturity amount will be ₹2,31,538 in 2 years.
3. Is the interest earned taxable?
Yes, interest is taxable as per your income tax slab. However, TDS is not deducted automatically.
4. Can I withdraw money before 2 years?
Yes, partial withdrawal is allowed after 1 year, but full withdrawal is only at maturity.
Final Thoughts: Should You Invest in Mahila Samman Savings?
If you’re a woman looking for a secure, high-interest savings option, the Mahila Samman Savings Certificate is an excellent choice.
🔹 Short-term savings goal? ✅ Yes!
🔹 Higher returns than FDs? ✅ Yes!
🔹 Safe & Government-backed? ✅ Yes!
💡 Use our free Mahila Samman Savings Certificate Calculator now and plan your investment wisely!