Investments
Mahila Samman Calculator
Mahila Samman Savings Certificate (MSSC) — Government scheme exclusively for women & girls. 7.5% guaranteed for 2 years. Max ₹2 lakh.
Inputs
Q1 FY 2026-27 · 2-year fixed term · Quarterly compounded · For women/girls only · ₹2 lakh max
Year-by-year balance
Interest taxable at slab rate · No TDS · Not eligible for 80C deduction
FAQs
What is Mahila Samman Savings Certificate?
A government scheme launched in Budget 2023 exclusively for women and girls. 7.5% interest, 2-year fixed term, max ₹2 lakh deposit. Available at any Post Office and select banks.
Who can open MSSC account?
Any woman or girl (any age). Parents/guardians can open for minor girls. A single woman can open multiple accounts at different branches, but total across all accounts cannot exceed ₹2 lakh.
Is MSSC interest tax-free?
No. Interest is taxable at slab rate under "Income from Other Sources". TDS at 10% if total post-office interest exceeds ₹40,000/year (non-seniors) or ₹1,00,000/year (seniors — Budget 2025 doubled this from ₹50K). Not eligible for Section 80C deduction either. Submit Form 15G to skip TDS if your total income is below the taxable limit.
Can I withdraw MSSC before 2 years?
Partial withdrawal of up to 40% of deposit balance allowed after completion of 1 year. Premature closure allowed in case of extreme hardship (account holder's death, life-threatening illness) with 2% penalty.
MSSC vs Sukanya Samriddhi for daughters — which is better?
For a girl under 10: SSY is much better (8.2% rate, 21-year lock-in but tax-free at maturity, EEE status). MSSC is for short-term women savings (2 years) where SSY is not applicable. Use SSY for long-term goals like education/wedding, MSSC for emergency or short-term parking.