Mahila Samman Savings Certificate
Special savings scheme for women and girls. Fixed rate: 7.5% p.a. (quarterly compounding) | 2-year tenure
Investment Details
Maximum ₹2,00,000 per account
₹
₹1,000₹2,00,000
Interest Rate (Fixed)7.5% p.a.
Effective Rate: 7.71% (quarterly compounding)
Scheme Highlights
Tenure2 Years (Fixed)
EligibleWomen & Girls only
CompoundingQuarterly
Partial Withdrawal40% after 1 year
Account can be opened by women/girls or by guardian on behalf of minor girl. One account per beneficiary.
Returns Summary2-Year Return
₹2.32 L
Maturity after 24 months
Breakdown
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₹2.00 L
Principal
₹32.0K
Interest Earned
Total Return
16.02%On investment of ₹2.00 L over 2 years
Higher Than FD
7.5% is higher than most bank FD rates for women
Partial Withdrawal
Up to ₹80.0K after 1 year
Scheme Period
Available till March 2025 (limited period)
Quarterly Growth
| Quarter | Month | Balance | Interest Added |
|---|---|---|---|
| Start | 0 | ₹2,00,000 | - |
| Q1 | 3 | ₹2,03,750 | +₹3,750 |
| Q2 | 6 | ₹2,07,570 | +₹3,820 |
| Q3 | 9 | ₹2,11,462 | +₹3,892 |
| Q4 | 12 | ₹2,15,427 | +₹3,965 |
| Q5 | 15 | ₹2,19,466 | +₹4,039 |
| Q6 | 18 | ₹2,23,581 | +₹4,115 |
| Q7 | 21 | ₹2,27,774 | +₹4,193 |
| Q8 | 24 | ₹2,32,044 | +₹4,270 |