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About this tool
MSSC maturity value at 7.5% compounded quarterly, the 40% partial withdrawal limit and premature closure at the reduced rate.
This calculator values a Mahila Samman Savings Certificate using the scheme's own formula, P x (1 + r/400)^(4t), since MSSC compounds interest quarterly at a fixed 7.5% and pays the whole amount after two years. It is for women and guardians of girls who already hold a certificate and want the exact maturity figure, the money available under the 40% partial withdrawal rule, or the payout if the account is closed early. The deposit window closed on 31 March 2025, so it values running certificates rather than new ones.
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Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Quarterly compounding at 7.5% reproduces the ₹2,32,044 example published with the scheme.
Shows the interest given up when 40% is taken out a year early, not just the amount released.
Separates voluntary closure at the reduced rate from death and compassionate grounds at the full rate.
₹2,00,000 grows to ₹2,32,044 at maturity, giving ₹32,044 of interest over two years. That comes from 7.5% compounded quarterly across eight quarters, which is why the return beats a plain 7.5% simple-interest calculation of ₹30,000.
No. The scheme accepted deposits only between 1 April 2023 and 31 March 2025, and that window has closed. Certificates opened inside the window keep running to their two-year maturity on the original terms.
Up to 40% of the eligible balance, and only after the account has completed one year. On a ₹2,00,000 deposit the balance at one year is about ₹2,15,427, so the withdrawal cap is roughly ₹86,171. The remainder keeps earning until the two years are up.
The ceiling is ₹2,00,000 across every MSSC account a woman or girl holds, with a minimum of ₹1,000 in multiples of ₹100. The scheme notification does not provide any income-tax exemption for the interest, so it is generally taxable as income from other sources — ask a tax professional how it sits in your return.
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