Mahila Samman Savings Calculator
Key Takeaway
Mahila Samman Savings Certificate offers 7.5% interest to women and girls, with a 2-year tenure and ₹2 lakh maximum investment. Partial withdrawal of up to 40% is allowed after 1 year.
Mahila Samman Scheme Details:
- Sovereign guarantee: Safe government scheme for female savings.
- Interest Rate: **7.5% p.a.** compounded quarterly.
- Maturity Tenure: **2 Years**.
- Withdrawal Rule: 40% premature withdrawal is permitted after 1 year.
What to do next
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Mahila Samman Savings Calculator
Estimates maturity values for the Mahila Samman Savings Certificate using quarterly compound interest at 7.5% p.a.
Worked Example: Max investment of ₹2 Lakhs for 2 years
Mahila Samman Savings Certificate: Empowering women through high-yield deposits
Pooja invested the maximum limit of ₹2 Lakhs in the Mahila Samman Savings Certificate scheme for her daughter. She wanted to lock in a high fixed rate for a short term.
The scheme offered a 7.5% p.a. interest rate compounded quarterly. After the 2-year maturity, Pooja received ₹2,32,044, earning a total interest return of ₹32,044 under sovereign safety.
The Mahila Samman Certificate is a women-exclusive savings program offering high fixed interest rates compounded quarterly for a 2-year tenure.
This is an excellent option for parking short-term savings for women, offering higher yields than standard bank deposits.
Frequently Asked Questions
Who can open a Mahila Samman Savings Certificate?
Any woman or guardian on behalf of a minor girl child can open this account at a post office or authorized bank.
What is the maximum investment limit?
The minimum investment is ₹1,000, and the maximum cumulative limit is ₹2 Lakhs per individual.
Is premature withdrawal allowed in Mahila Samman scheme?
Yes. You can withdraw up to 40% of the eligible balance after completing 1 year from the account opening date, subject to specific rules.
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