The Mahila Samman Savings Certificate (MSSC) is a government-backed small savings scheme launched in April 2023, designed exclusively for women and girls in India. Our MSSC calculator helps you determine the exact maturity amount you'll receive after the 2-year investment period.

How MSSC Calculator Works: The Formula

The MSSC calculator uses the compound interest formula with quarterly compounding:

$M = P \times \left(1 + \frac{r}{n}\right)^{n \times t}$

Where:

• M: Maturity amount you'll receive
• P: Principal amount invested (₹1,000 to ₹2,00,000)
• r: Annual interest rate (7.5% or 0.075)
• n: Number of compounding periods per year (4, since interest is compounded quarterly)
• t: Investment tenure (2 years)

Example Calculation

If you invest ₹10,000 in MSSC:

$M = 10,000 \times \left(1 + \frac{0.075}{4}\right)^{8}$ $M = 10,000 \times (1.01875)^{8}$ $M ≈ ₹11,602$

This means you'll earn approximately ₹1,602 as interest over 2 years.

Key Features of MSSC

Investment Limits: Minimum ₹1,000 and maximum ₹2,00,000 per account. You can open multiple accounts with a 3-month gap between them.

Fixed Tenure: The scheme has a fixed 2-year maturity period from the date of account opening.

Interest Rate: Fixed at 7.5% per annum, compounded quarterly. The interest is credited quarterly but paid only at maturity.

Partial Withdrawal: You can withdraw up to 40% of the eligible balance after completing one year from the account opening date.

Premature Closure: Allowed under specific circumstances such as death of account holder, extreme compassionate grounds, or after 6 months (with reduced interest rate of 5.5%).

Eligibility: Exclusively for women or guardians opening accounts for minor girls.

Where to Invest: Available at designated post offices and eligible banks across India.

Tax Implications

No Section 80C Benefit: MSSC investments do not qualify for tax deduction under Section 80C of the Income Tax Act.

Taxable Interest: The interest earned is taxable as per your income tax slab. However, TDS is generally not deducted for most investments.

TDS Threshold: TDS applies only if interest exceeds ₹40,000 per financial year (₹50,000 for senior citizens).

Using Our MSSC Calculator

Simply enter your desired investment amount between ₹1,000 and ₹2,00,000. The calculator will instantly show:

• Principal Amount: Your initial investment
• Interest Earned: Total interest over 2 years with quarterly compounding
• Maturity Amount: Total amount you'll receive (Principal + Interest)

The calculator uses the exact MSSC formula with 7.5% annual interest rate compounded quarterly for the fixed 2-year tenure.