Mahila Samman Saving Certificate Calculator – MSSC

Welcome To Mahila Samman Saving Certificate Calculator. Use Our Free Online Calculator To Calculate Your Returns in MSSC Scheme.

Mahila Samman Saving Certificate Calculator

Mahila Samman Saving Certificate Calculator

    Calculate the estimated Maturity Value and Interest of a deposit made under the Mahila Samman Savings Certificate scheme (MSSC). Assuming Quarterly Compound.












Formula To Calculate Returns In Mahila Samman Saving Scheme

The formula to calculate the interest earned and maturity value of a deposit made under the Mahila Samman Savings Certificate (MSSC) scheme is here:

  • Interest Earned = Principal * ((1 + (Rate of Interest / 400))^(4 * Tenure in years)) – Principal
  • Maturity Value = Principal + Interest Earned

Example –

  • Interest Earned = 200,000 * ((1 + (7.5 / 400))^(4 * 2)) – 200,000 = Rs 32,044
  • Maturity Value = 200,000 + 32,044.335 = Rs 2,32,044

You can visit official govt website for more info. We will update this calculator, if any changes required.

What Is Mahila Samman Saving Certificate Scheme

MSSC also known as Mahila Samman Bachat Patra Yojna. This is a saving scheme, which is launched by Government of India to make women financially independent and save more money.

This will offer more returns than normal bank FD. Woman or girl can deposit upto ₹2,00,000 for 2 year tenure at 7.5% interest rate. The depositor is also eligible for partial withdrawal and section 80C Income Tax Act.

Benefits Of Mahila Samman Saving Certificate

  • Women can withdraw money without any penalty
  • Scheme offer more returns than Bank FD or normal investment
  • You can invest minimum 1000 in this scheme.
  • Pre Mature withdrawal is also available.

Interest Rate In MSSC

This scheme offers a fixed interest rate of 7.5% at the current time. Which is more than bank FD. Interest will be compounded quarterly.

How To Invest In Mahila Samman Saving Certificate Scheme

If you want to invest in this scheme, you can go to your nearest Post Office Bank or other bank and ask for this scheme form. Visit this official Post Office MSSC Scheme

  • Account Opening Form
  • KYC Document Aadhaar Card and PAN card
  • KYC form for new account holder
  • Pay-in-Slip along with deposit amount or cheque at nearest post office.

Get the Scheme form from Local Post office any approved bank. You will get a certificate of this scheme.

Which banks are offering Mahila Samman Savings Certificate?

  • Bank of Baroda.
  • Canara Bank.
  • Bank of India.
  • Punjab National Bank.
  • Union Bank of India.
  • Central Bank of India.

Eligibility

Deposit can only be made under a woman or girl name. The guardian can also invest on behalf of a minor girl.

Limits

You can deposit Minimum 1,000 and Max 2,00,000 for 2 years. MSSC Scheme is only Valid till 2025. Multiple accounts is allowed but max investment is Rs 2,00,000.

Withdrawal

40% withdrawal is eligible after one year of account opening.

How To Use Mahila Samman Scheme Calculator

  • Enter Investment Amount
  • Enter Interest Rate
  • Enter Tenure

You can use our Mahila Samman Saving Certificate Calculator, which is given above to calculate your returns.

Try our other Calculators

How To Apply In Mahila Samman Saving Certificate?

You can go to your nearest Post Office bank to apply in this scheme.

What is the Difference Between Mahila Samman Saving Certificate Scheme And Bank FD?

You will get 7.5% returns in MSSC Scheme, Which are lower in Fixed Deposit.

What Is The Interest Rate In Mahila Samman Scheme?

Current ROI Is 7.5% In MSSC.

Who is eligible for mahila samman savings certificate?

Mahila Samman Savings Certificate can only be issued in the name of a girl child or a woman. Legal guardian of a minor girl can also open an account in the name of child.

Is Mahila Samman Saving Certificate Tax Free?

No, MSSC is not tax free. You have to pay Tax on its profit.

Is mahila samman a one-time investment?

Yes, This scheme is vaild till March, 2025.