Mahila Samman Savings Calculator
Maturity value of a Mahila Samman Savings Certificate over its two-year term.
Maximum allowed in the scheme is ₹2,00,000.
Fixed two-year term, interest compounded every quarter and paid at maturity.
Amount at maturity (2 years)
₹2,32,044
- You deposit
- ₹2,00,000
- Interest earned
- ₹32,044
- Value after 1 year
- ₹2,15,427
Mahila Samman Savings Certificate is a small savings scheme for women and girls, opened at a post office or a participating bank, with a fixed two-year term. Partial withdrawal is allowed after one year. Interest is taxable in your hands.
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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.
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Concepts to explore
Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.