Post Office Mahila Samman (MSSC) Calculator

Calculate returns for Mahila Samman Savings Certificate. A special 2-year scheme for women with 7.5% interest compounded quarterly.

Calculate MSSC Maturity

Enter Investment Details

Selected Scheme

Investment Amount (One Time)Min ₹1,000, Max ₹2,00,000.

Interest Rate

Tenure

About Mahila Samman Savings Certificate (MSSC)

MSSC is a special one-time deposit scheme exclusively for women and girls, introduced by the Government of India in Union Budget 2023. It offers a fixed high interest rate for a short 2-year tenure, making it an attractive short-term savings option.

Eligibility & Key Rules

Who Can Open?	Any woman / girl (or guardian for minor girl)
Minimum Deposit	₹1,000 (in multiples of ₹100)
Maximum Deposit	₹2,00,000 per account
Interest Rate	7.5% p.a. (Compounded Quarterly)
Tenure	2 Years (Fixed)
Scheme Availability	April 2023 – March 2025

Interest Calculation Formula

MSSC uses Compound Interest compounded quarterly:

A = P × (1 + r/n)^(n×t)
Where: P = Principal, r = 0.075, n = 4 (quarterly), t = 2 years

Key Features

Partial Withdrawal: Up to 40% of eligible balance can be withdrawn after 1 year.
Premature Closure: Allowed after 6 months on medical grounds or death; after 1 year at a penalty (reduced rate).
Multiple Accounts: A woman can open multiple accounts, subject to the ₹2 lakh cap per account and overall limit.
No TDS: Interest is credited quarterly; no TDS if interest < ₹40,000/year.
Where to Open: Any Post Office or authorised bank branch.

Example Calculation (₹1,00,000 at 7.5%)

Principal	₹1,00,000
Interest Rate	7.5% p.a. (Quarterly)
Maturity Value (2 yrs)	≈ ₹1,16,022
Total Interest Earned	≈ ₹16,022

* Calculated using compound interest formula: A = P × (1 + 0.075/4)^(4×2). Actual value may vary slightly due to rounding applied by the Post Office.