Mahila Samman Savings Calculator
Maturity value of a Mahila Samman Savings Certificate over its two-year term.
Minimum ₹1,000, maximum ₹2,00,000 per account holder.
The scheme rate was 7.5%, compounded quarterly.
Quick examples
Scheme closed to new deposits since 31 March 2025. For existing deposit of ₹2,00,000 at 7.5%.
What each result means
Maturity value
What it is: Deposit plus quarterly compounded interest.
Your value: ₹2,32,044
For existing certificates.
Interest earned
What it is: Over the 2-year term.
Your value: ₹32,044
Taxable in your hands.
Deposit
What it is: The one-time amount.
Your value: ₹2,00,000
Your own money.
Year-by-year breakdown
| Quarter | Interest this quarter (₹) | Value at quarter end (₹) |
|---|---|---|
| 1 | ₹3,750 | ₹2,03,750 |
| 2 | ₹3,820 | ₹2,07,570 |
| 3 | ₹3,892 | ₹2,11,462 |
Eight quarters over two years. This is useful only for certificates already opened before the scheme closed.
Showing the first 3 of 8 years. Want charts, formulas and the full schedule? Get the detailed PDF.
What this calculator does
IMPORTANT: The Mahila Samman Savings Certificate stopped accepting new deposits after 31 March 2025. This calculator stays available so existing holders can check their maturity amount. It was a 2-year scheme for women and girls at 7.5%, compounded quarterly.
What your result means
Existing certificates continue to mature on their original terms. For new savings, see the other small savings calculators linked below.
Formula
1. Maturity value
Symbols
- M
- Maturity value (₹)
- P
- Deposit (₹)
- r
- Annual rate (decimal)
Why this formula works
Interest compounds every quarter for eight quarters.
Unit check
₹ = ₹ × (no unit). ✓
Worked example
P = ₹2,00,000, r = 7.5%: M = ₹2,32,044.
Common mistakes
Using yearly compounding.
Working for your numbers
- (1 + 7.5% ÷ 4)⁸ = 1.1602
- M = ₹2,32,044
Frequently asked questions
Can I still open a Mahila Samman certificate?
No. It closed to new deposits after 31 March 2025. Certificates opened before that continue until maturity.
Is the interest taxable?
Yes, it is taxed at your slab rate.
Does this calculator tell me what to do?
No. It is an educational estimate using published rules. It does not know your full situation. For a personal decision, speak to a qualified tax professional or a SEBI-registered investment adviser.
Symbols and assumptions
- P
- Deposit (₹)
- r
- Annual rate (%)
- Held for the full 2 years.
- No partial withdrawal.
- Tax not deducted.
- Figures are in Indian Rupees (₹).
Sources and review
Reviewed 2026-10-05 · Next review 2026-12-31
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How it works
Mahila Samman Savings Certificate is a two-year small savings scheme for women and girls. Interest is compounded every quarter and paid out with the deposit at maturity, and partial withdrawal is allowed after one year.
The formula
M = P × (1 + r/4)^(4 × 2)- P
- Amount deposited
- r
- Annual interest rate
Worked example
₹2,00,000 at 7.5% matures at roughly ₹2,32,000 after two years.
Pro tips
- The maximum allowed is ₹2 lakh per woman or girl across accounts.
- Open it at a post office or a participating bank.
Common mistakes
- Assuming the interest is tax-free, it is taxable in your hands.
- Planning it as a long-term product; the term is fixed at two years.
Go deeper
Concepts to explore
Related guides
Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.