Mahila Samman Savings Certificate (MSSC) Calculator
Free Mahila Samman Savings Certificate calculator: enter your deposit to see the 2-year maturity value and interest at 7.5% with quarterly compounding, shown instantly.
Updated 2026-06-14 · Free · No sign-up · Runs privately in your browser
Show the formula & steps
How the Mahila Samman Savings Certificate Calculator Works
The Mahila Samman Savings Certificate (MSSC) is a women-only government savings scheme with a fixed 7.5% rate, quarterly compounding, and a 2-year term. This calculator turns your deposit into the maturity value and the interest you earn, using the scheme’s compounding rule.
The Formula
Because interest is compounded quarterly, the maturity value uses the quarterly compound-interest formula:
Maturity = P × (1 + r/4)^(4 × 2)
Where P is your deposit and r is the annual rate as a decimal (for 7.5%, r = 0.075). The exponent is 4 × 2 = 8, the number of quarters in the 2-year term.
Worked Example
Depositing the maximum INR 2,00,000 at 7.5%:
- Quarterly factor = 1 + 0.075/4 = 1.01875
- Maturity = 200000 × (1.01875)^8
- (1.01875)^8 = 1.16022
- Maturity = 200000 × 1.16022 = INR 2,32,044
- Interest earned = 232044 − 200000 = INR 32,044
Maturity at Different Deposits
The maturity scales directly with the deposit because the rate and term are fixed:
| Deposit | Maturity (2 yrs, 7.5%) | Interest |
|---|---|---|
| INR 50,000 | ≈ INR 58,011 | ≈ INR 8,011 |
| INR 1,00,000 | ≈ INR 1,16,022 | ≈ INR 16,022 |
| INR 2,00,000 | ≈ INR 2,32,044 | ≈ INR 32,044 |
Why MSSC Stands Out
The Mahila Samman Savings Certificate offers a relatively high fixed rate locked in for its full term, a sovereign guarantee, and a short 2-year lock-in, making it a low-risk place to park money for the medium term. Partial withdrawal of up to 40% is allowed after one year. The scheme was launched as a one-time offering for women and girls, so confirm availability before investing.
Frequently asked questions
How is the Mahila Samman Savings Certificate maturity calculated?+
The scheme pays 7.5% per year compounded quarterly over a 2-year term. Maturity equals the deposit multiplied by (1 + rate/4) raised to the power 8, because two years contain eight quarters. The interest is added to the principal at the end of each quarter.
What is the interest rate on the Mahila Samman Savings Certificate?+
The scheme offers a fixed 7.5% per year for the full 2-year term, compounded quarterly. Unlike other small-savings schemes, this rate is fixed for the certificate you buy and does not change with quarterly revisions.
What is the maximum I can deposit in MSSC?+
You can deposit a minimum of INR 1,000 and a maximum of INR 2,00,000 in the Mahila Samman Savings Certificate, across one or more accounts. The scheme is available only to women and girls.
How much will INR 2,00,000 grow to in the Mahila Samman scheme?+
At 7.5% compounded quarterly for 2 years, INR 2,00,000 grows to about INR 2,32,044, an interest gain of roughly INR 32,044. Enter your own deposit in the calculator for an exact figure.
Is interest on the Mahila Samman Savings Certificate taxable?+
There is no specific tax exemption for MSSC interest, so the interest you earn is generally taxable as income. TDS may apply if the interest exceeds the threshold. Treat the maturity value as a gross figure for tax purposes.