MSSC inputs
Scheme status: accounts could be opened only from 1 April 2023 to 31 March 2025. No new MSSC accounts can be opened. Existing accounts continue to earn 7.5% until maturity two years after opening.
Prepared by Finin2min Editorial Desk · Rates and rules verified 5 October 2026
The Mahila Samman Savings Certificate gave 7.5% a year, compounded quarterly, for 2 years. The scheme was open only till 31 March 2025 and has not been extended; this calculator is for people who already hold an MSSC account.
The Mahila Samman Savings Certificate, 2023 was announced in Budget 2023-24 for women and girls and could be opened until 31 March 2025. It was not extended in Budget 2025 and no new accounts can be opened now. Accounts opened before that date keep their 7.5% rate and mature two years from the date of deposit. If you are looking for a similar safe, short-term option, compare NSC, bank FDs and the Senior Citizens Savings Scheme (for age 60+).
Interest is compounded quarterly at 7.5% / 4 = 1.875% per quarter for 8 quarters: maturity = deposit × 1.018758. A ₹2,00,000 deposit matures at ₹2,32,044, matching the scheme’s published figure.
MSSC has no deduction under section 80C. The interest (₹32,044 on a ₹2 lakh deposit) is taxable as income from other sources at your slab rate. At the 30% slab (31.2% with cess) the tax is about ₹9,998.
No. The scheme was available only from 1 April 2023 to 31 March 2025 and was not extended, so new accounts cannot be opened.
7.5% a year, compounded quarterly, paid with the principal at maturity after 2 years.
₹2 lakh in total across MSSC accounts of the holder, with a gap of at least three months between two accounts.
You may withdraw up to 40% of the eligible balance once after one year. The account can also be closed after six months at a rate 2% lower.
Yes. There is no 80C deduction and the interest is taxable at your slab rate.
Rates and rules shown here were checked against the sources above on 5 October 2026. Government notifications can change a rate or rule at short notice; always confirm on the official site before you invest, file or claim.
Educational estimate only. Tax, legal, financial or regulatory treatment depends on facts and the law applicable to the relevant period. Verify the current official source or obtain professional advice before acting.
Scope: Maturity, partial withdrawal and premature-closure values of an existing MSSC account.
The calculation engine was checked against an independently written reference implementation across 64 MSSC input combinations, and against published figures where the scheme publishes them. Review date: 5 October 2026.
Prepared by Finin2min Editorial Desk. Educational estimate only.
Background, worked examples and the rules behind these numbers.