Government Schemes
Mahila Samman Savings Certificate Calculator
Computes the maturity value of a Mahila Samman Savings Certificate over its fixed 2-year tenure.
Your details
₹
%
Maturity value
₹2,32,044
Interest earned
₹32,044
₹2,00,000 deposited matures to approximately ₹2,32,044 after the fixed 2-year tenure.
Total₹2,32,044
- Principal₹2,00,000
- Interest₹32,044
How this is calculated
Maturity = Principal × (1 + rate/400)^8 — quarterly compounding over the fixed 2-year (8-quarter) tenure.
Source: This was introduced as a limited-period small-savings scheme (2023 Budget) — confirm the scheme is still open for new deposits and verify the current rate before relying on this.
Frequently asked questions
Who can open a Mahila Samman Savings Certificate?
Women and girls of any age, individually or on behalf of a minor, with a maximum deposit of ₹2,00,000 per certificate.
Can I withdraw before maturity?
A partial withdrawal (up to a specified portion of the balance) is allowed after one year from opening.
Is the interest taxable?
Yes — interest is taxable as per your income tax slab; it does not carry EEE (tax-free) status like PPF.