Mahila Samman Savings Certificate (MSSC) 2026: Interest Rate (7.5%), ₹2 Lakh Limit & Rules

Announced as a landmark financial empowerment initiative for Indian women, the Mahila Samman Savings Certificate (MSSC) provides an attractive sovereign interest rate of 7.5% per annum compounded quarterly over a concise 2-year tenure. Available at all computerized Department of Posts counters and authorized banks, it offers higher returns than standard commercial bank two-year fixed deposits.

Using a detailed mahila samman savings certificate post office calculator helps women investors and parents evaluate exact maturity sums and interest earnings.

MSSC Maturity Calculation Table (2 Years at 7.5% Interest)

Here is the exact lump sum return calculated across different deposit brackets up to the ₹2 Lakh maximum ceiling:

Core Scheme Rules & Eligibility

• Eligibility: Any woman aged 18 years or above can open an account in her own name. A parent or legal guardian can open an account on behalf of a minor girl child of any age.
• Minimum & Maximum Limits: Minimum investment is ₹1,000 (in multiples of ₹100). The total cumulative deposit in one or multiple accounts cannot exceed ₹2,00,000 per individual.
• Time Gap Between Multiple Accounts: A statutory cooling period of 3 months must elapse before opening a second MSSC account.
• Partial Withdrawal Facility: After completing 1 year from the date of account opening, the account holder can withdraw up to 40% of the eligible balance for emergency needs.

Frequently Asked Questions (FAQs)

1. Is TDS deducted on Mahila Samman Savings Certificate interest?

Under CBDT notification, no TDS is deducted at source on MSSC interest earnings. However, the interest earned is taxable under “Income from Other Sources” as per the individual’s income tax slab.

2. Can an MSSC account be closed prematurely before 2 years?

Premature closure is permissible after 6 months from account opening on compassionate medical grounds or for any reason with a 2% penalty deduction on interest (earning 5.5% p.a.).

3. Can a woman open accounts in both Post Office and Banks?

Yes. A woman can open accounts across both post offices and participating public sector banks, provided her total aggregate investment across all institutions does not exceed ₹2,00,000.

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