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Mahila Samman Savings Certificate Calculator
Mahila Samman Yojana (MSSC) · maturity, partial withdrawal, early closure & better options today
Fixed interest7.5% p.a.compounded quarterly
₹
%
What do you want to check?
% of balance
months
Reason for closing
Your income-tax slab interest is taxable
Maturity amount—
Deposit
Interest
| Quarter | Period ending | Opening balance | Interest | Withdrawal | Closing balance |
|---|
Interest is added every 3 months (quarterly compounding) and paid with the deposit at maturity.
% p.a.
| Scheme (rates Oct–Dec 2026) | Rate | Lock-in | Value after 2 years | Interest in 2 years |
|---|
Same amount invested for the same 2 years. Post Office Time Deposit pays interest every year (shown added, not reinvested). NSC and KVP lock money for longer, so their 2-year figure is the accrued value. All interest is taxable.
✅ Key features
- One-time deposit scheme for women and girls (a guardian could open for a minor girl), announced in Budget 2023.
- Deposit ₹1,000 to ₹2 lakh in multiples of ₹100; more than one account allowed with a 3-month gap, within the ₹2 lakh limit.
- Fixed 7.5% interest, compounded quarterly; tenure 2 years.
💸 Withdrawal & early closure
- Once, up to 40% of the balance after 1 year from opening.
- Full closure on the account holder’s death or extreme compassionate grounds (serious illness) at the full rate.
- Closure for any other reason after 6 months, with interest 2% lower.
🧾 Tax
- No deduction under Section 80C for the deposit.
- Interest is taxable at your slab rate. TDS is deducted only if interest crosses the TDS limit.
📅 Current status
- Last date to open a new account was 31 March 2025.
- Existing accounts continue at 7.5% till maturity — the last ones mature by March 2027.
- Open today: Post Office Time Deposit, NSC, KVP, and SCSS (for age 60+).
Estimates for information only. Early-closure and partial-withdrawal values are approximate — your post office or bank will give the exact amount.