Mahila Samman Saving Certificate Calculator: Calculate Maturity Amount and Interest
The Mahila Samman Saving Certificate Calculator can help you understand the interest and maturity amount associated with the Mahila Samman Savings Certificate (MSSC). The scheme was introduced by the Government of India as a small savings option for women and girls, offering a fixed interest rate for a two-year investment period. However, it is important to note that the MSSC scheme was available for opening accounts only up to 31 March 2025 . The Department of Posts subsequently confirmed that no new deposits would be accepted after this date. What Was the Mahila Samman Savings Certificate? The Mahila Samman Savings Certificate, 2023 was a government-backed small savings scheme designed specifically for women and minor girls. A woman could open an account for herself, while a guardian could open one on behalf of a minor girl. The scheme offered an interest rate of 7.5% per annum , with interest compounded quarterly. The maturity period was two years from the date of deposit. How...