Mahila Samman Savings Certificate Calculator – Calculate 7.5% Returns & Schedule
Calculate Mahila Samman Savings Certificate (MSSC) 7.5% quarterly compounded returns, ₹2 Lakhs ceiling maturity value, and 8-quarter progression schedule table.
Effective Annual Yield: 7.71% p.a.
Up to 40% withdrawal permitted after 1 year
Quarterly Compounding & Growth Progression Schedule (8 Quarters)
| Period | Opening Balance | Quarterly Interest (1.875%) | Cumulative Interest | Closing Balance |
|---|
How to Use this Calculator & Formula Breakdown
Step 1: Input Financial Parameters
Enter investment deposit amount (₹1,000 to statutory ₹2 Lakhs ceiling).
Step 2: Instant Client-Side Computation
Check official 7.5% quarterly compounded sovereign rate (7.71% effective yield).
Step 3: Analyze Visual Breakdown & Amortization
Explore live interactive Chart.js donut chart, 2-year maturity value, and full 8-quarter compounding progression schedule.
Mathematical Algorithm & Formula
Frequently Asked Questions (FAQs)
What is the Mahila Samman Savings Certificate (MSSC)?
MSSC is a one-time government small savings scheme introduced by the Ministry of Finance specifically for women and minor girls, offering a guaranteed 7.5% interest rate compounded quarterly for a 2-year tenure.
What is the maximum investment limit in Mahila Samman Scheme?
The maximum statutory deposit limit is ₹2,00,000 (₹2 Lakhs) per individual woman or girl child.
Can you make partial withdrawals from an MSSC account?
Yes! Account holders are permitted to make a partial withdrawal of up to 40% of the eligible balance after 1 year from the date of account opening.
Is TDS deducted on Mahila Samman Savings Certificate interest?
The Central Board of Direct Taxes (CBDT) has clarified that no TDS is deducted on interest earned under MSSC, though interest is taxable as per the individual’s income tax slab.
Where can you open a Mahila Samman Savings account?
MSSC accounts can be opened at any Post Office branch across India and authorized public/private sector banks like SBI, Bank of Baroda, Canara Bank, and Union Bank of India.
Can a mother or guardian open an account for a minor girl?
Yes, a natural or legal guardian can open an MSSC account on behalf of a minor girl child.
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