Mahila Samman Savings Certificate (MSSC) Calculator 2026
Closed to new deposits since 31 March 2025. Work out the maturity payout of an account opened while the scheme was running — 7.5% compounded quarterly over two years.
MSSC Deposit Inputs
7.5% p.a.Quarterly Compounding Accrual Schedule
Quarterly interest accrual and compounding trajectory over the 2-year tenure.
| Tenure Quarter | Opening Balance | Interest Accrued | Closing Balance |
|---|---|---|---|
| Q1 (Year 1) | ₹2.00 L | +₹3,750 | ₹2.04 L |
| Q2 (Year 1) | ₹2.04 L | +₹3,820 | ₹2.08 L |
| Q3 (Year 1) | ₹2.08 L | +₹3,892 | ₹2.11 L |
| Q4 (Year 1) | ₹2.11 L | +₹3,965 | ₹2.15 L |
| Q5 (Year 2) | ₹2.15 L | +₹4,039 | ₹2.19 L |
| Q6 (Year 2) | ₹2.19 L | +₹4,115 | ₹2.24 L |
| Q7 (Year 2) | ₹2.24 L | +₹4,192 | ₹2.28 L |
| Q8 (Year 2) | ₹2.28 L | +₹4,271 | ₹2.32 L |
Corpus Growth & Compounding Trajectory
MSSC Scheme Rules & Mathematical Formula
Mahila Samman Savings Certificate is a specialized sovereign fixed-income certificate introduced by the Ministry of Finance to promote financial autonomy and high-yield short-term savings for women.
1. Compounding Formula
Where P is the principal deposit (max ₹2L), r is 7.5% annual rate, and t is 2 years (8 quarterly compounding periods).
2. Partial Withdrawal & Premature Rules
- Up to 40% of eligible balance can be withdrawn after 1 year.
- Premature closure allowed on compassionate grounds (illness / death).
- Voluntary premature closure after 6 months incurs a 2% interest penalty (5.5%).
Authoritative Statutory & Government References
Mahila Samman (MSSC) FAQs
Important guidelines for female depositors and guardians in India.
What is the maximum deposit limit under the Mahila Samman scheme?
A female depositor (or guardian on behalf of a minor girl) can deposit up to a maximum of ₹2,00,000 in MSSC across one or multiple accounts.
Can partial withdrawals be made from an MSSC account before the 2-year maturity?
Yes. Up to 40% of the eligible balance can be withdrawn after completing 1 year from the date of account opening.
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