The Mahila Samman Savings Certificate is a government-backed small savings scheme introduced in the 2023 Union Budget specifically for women investors. This scheme offers attractive returns with a fixed interest rate and comes with several benefits that make it an excellent investment option for women looking for safe and guaranteed returns.
- Eligibility: Available for women and girls of all ages. Minor girls can invest through their guardians.
- Investment Limit: Minimum ₹1,000 and maximum ₹2 lakh per individual.
- Tenure: 2 years (extendable for another 2 years)
- Interest Rate: Currently 7.5% per annum (compounded quarterly)
- Flexible Deposit: Can be opened in post offices or authorized banks
- Partial Withdrawal: Up to 40% of the balance can be withdrawn after 1 year
How to Use Our Mahila Samman Savings Certificate Calculator?
Our easy-to-use calculator helps you estimate the returns from your investment in the Mahila Samman Savings Certificate scheme.
- Enter your planned investment amount (between ₹1,000 and ₹2,00,000)
- The tenure is fixed at 2 years (with quarterly compounding)
- The current interest rate is pre-filled (7.5%), but you can adjust it if rates change
- Click "Calculate Returns" to see your investment summary
Benefits of Mahila Samman Savings Certificate:
- Higher Returns: Offers better interest rates than regular savings accounts
- Tax Benefits: While the interest is taxable, the scheme provides good returns compared to many taxable fixed-income options
- Safety: Backed by the Government of India, making it a very secure investment
- Empowerment: Specifically designed to encourage financial independence among women
Who Should Invest?
This scheme is ideal for:
- Women looking for short-term investment options
- Mothers saving for their daughters' future needs
- Young women starting their financial journey
- Anyone wanting a safe, government-backed investment with reasonable returns
Use our calculator above to plan your investment in the Mahila Samman Savings Certificate and take a step toward financial empowerment! Remember, the maximum investment limit is ₹2 lakh per individual, so if you have larger amounts to invest, you might want to consider combining this with other investment options.
Mahila Samman Savings Certificate Calculator
Maturity Details
Total Investment: ₹0
Interest Earned: ₹0
Maturity Amount: ₹0
Note: The current interest rate for Mahila Samman Savings Certificate is 7.5% per annum compounded quarterly. The scheme has a fixed tenure of 2 years with a maximum investment limit of ₹2 lakh. Premature withdrawal is allowed after 6 months with applicable penalties.
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