Mahila Samman Savings Certificate (MSSC) Calculator
Calculate the maturity amount and post-tax returns on your MSSC investment.
7.5% interest with ₹2 lakh limit – a secure savings option for women!
Exclusively for women and girls!
✨ TRUSTED BY THOUSANDS OF USERS
100% Accurate
Official rates & formulas
100% Free
No hidden charges
100% Private
No data collection
Real-time
Instant results
*One-time investment up to ₹2,00,000 for women and girls, available until March 31, 2025.
Maturity Amount (Pre-Tax)
₹ 0
Interest credited quarterly to your account.
Comparison: MSSC’s post-tax return is 0% higher than a 2-year FD at 6.5%.
Share your calculation:
Annual Tax Breakdown
See how your tax liability is spread across 2 years:
Year 1 (Apr 2024 – Mar 2025)
Year 2 (Apr 2025 – Mar 2026)
Quarter-wise Growth Breakdown
| Quarter | Opening Balance | Interest Earned | Closing Balance | Credited |
|---|
Scheme Comparison: Which is Best for You?
Compare MSSC with other government saving schemes:
| Feature | MSSC | PPF | NSC | SCSS | SSY |
|---|---|---|---|---|---|
| Interest Rate | 7.5% | 7.1% | 7.4% | 8.2% | 8.2% |
| Tenure | 2 years | 15 years | 5/10 years | 5/10 years | 21 years |
| Max Investment | ₹2 Lakh | ₹1.5 Lakh/yr | No limit | ₹30 Lakh | ₹2.5 Lakh/yr |
| Eligibility | Women only | Anyone | Anyone | 60+ years | Girls only |
| Tax Benefit (80C) | ❌ No | ✅ Yes | ✅ Yes | ✅ Yes | ✅ Yes |
| Interest Tax-Free | ❌ Taxable | ✅ Tax-free | ✅ Tax-free | ❌ Taxable | ✅ Tax-free |
| Partial Withdrawal | ✅ After 1 yr | ✅ After 7 yr | ❌ No | ❌ No | ❌ No |
| Early Closure | Not allowed | After 5 yr | After 1 yr | After 1 yr | After 18 yr |
💡 Pro Tip: MSSC is great for guaranteed returns in 2 years. For longer tenure, PPF offers tax-free interest. For senior citizens, SCSS offers highest rate.
Withdrawal Scenarios
MSSC allows 40% withdrawal after 1 year. See what you can withdraw:
Scenario 1: Full 2 Years
Scenario 2: Withdraw 40% at Year 1
Scenario 3: Premium Maturity (With Withdrawal)
Multiple Account Strategy
You can open MSSC accounts in your name AND as guardian for minor girls. Calculate combined returns:
Max: ₹2 Lakh
Max: ₹2 Lakh
Combined Investment
₹0
Combined Maturity
₹0
Combined Net After-Tax
₹0
Real-Life Examples
See how different women benefit from MSSC:
Priya (Salary Earner)
30% Tax Bracket
Invests: ₹2,00,000
Gets Interest: ₹31,125
Pays Tax: ₹9,338
Net Gain: ₹21,787
Takeaway: Even in high tax bracket, MSSC gives 5.46% after-tax return!
Sneha (Self-Employed)
20% Tax Bracket
Invests: ₹1,50,000
Gets Interest: ₹23,344
Pays Tax: ₹4,669
Net Gain: ₹18,675
Takeaway: Lower tax bracket = Higher net returns (6.19%)
Anita (Guardian)
For 12-year-old daughter
Invests: ₹2,00,000
Tax on Daughter: ₹0 (No income)
Matures when: Daughter turns 14
For Future: ₹2,31,125
Takeaway: Zero tax for minor! Perfect for education planning.
Investment Duration Scenario
Choose your investment strategy:
Goal-Based Investment (Reverse Calculator)
I want ₹X maturity. How much should I invest?
How much you want at maturity
Growth Comparison Chart
See how MSSC compares with FD and Savings Account over 2 years:
❌ Common Mistakes to Avoid
Mistake #1: Not knowing about tax liability
Many investors think MSSC interest is tax-free. It’s NOT! Interest is taxable under ‘Income from Other Sources’.
Mistake #2: Forgetting 30-day lock-in
Scheme ended March 31, 2025. New investments not accepted. Use other schemes.
Mistake #3: Missing 40% withdrawal benefit
You can withdraw 40% after 1 year. This is useful for emergency needs.
Mistake #4: Not opening second account in time
Scheme ended, so no second accounts possible. But for future schemes, open early!
Mistake #5: Comparing only interest rate
MSSC has 7.5% but no 80C deduction. PPF has 7.1% but tax-free interest. Compare after-tax returns!
✅ MSSC Eligibility Checklist
✅ If all checked: You were eligible for MSSC (scheme ended March 31, 2025)
Note: Scheme has ended. For future schemes, use this checklist.
⚠️ TDS Alert
Your interest will be below TDS threshold.
📍 Scheme Status & History
📅 Launch Date: April 1, 2023
Government announced the scheme in Union Budget 2023
✅ Available During: April 2023 – March 31, 2025
Open for new investments for 2 years
❌ Scheme Closed: March 31, 2025
New investments no longer accepted
🎯 Total Enrollment: 1.23 Crore+ women
Over 12 million women participated
📊 How This Calculator Works
A step-by-step breakdown of how we calculate your MSSC returns
Enter Your Investment Amount
You can invest anywhere from ₹1,000 to ₹2,00,000 (one-time investment).
Formula: Investment Amount = Your Choice (₹1,000 – ₹2,00,000)
Calculate Quarterly Compound Interest
MSSC offers 7.5% annual interest compounded quarterly for 2 years (8 quarters total).
Formula:
Quarterly Rate = 7.5% ÷ 4 = 1.875% per quarter
Maturity = Investment × (1 + 0.01875)^8
Example: ₹1,00,000 × (1.01875)^8 = ₹1,15,563
Calculate Total Interest Earned
The difference between maturity amount and your investment.
Formula:
Total Interest = Maturity Amount – Investment
Example: ₹1,15,563 – ₹1,00,000 = ₹15,563 interest
Select Your Income Tax Slab
Interest is taxable under “Income from Other Sources”. Choose your applicable tax rate.
Tax Brackets: 0%, 5%, 10%, 15%, 20%, or 30%
FY 2025-26 Slabs:
- Up to ₹2.5L: 0%
- ₹2.5L – ₹5L: 5%
- ₹5L – ₹10L: 20%
- Above ₹10L: 30%
Calculate Tax on Interest
The interest you earn is taxed at your applicable tax rate.
Formula:
Tax = Total Interest × Your Tax Rate
Example (30% tax bracket): ₹15,563 × 30% = ₹4,669 tax
Calculate Post-Tax Returns
The actual interest you keep after paying taxes.
Formula:
Post-Tax Interest = Total Interest – Tax
Example: ₹15,563 – ₹4,669 = ₹10,894 (Your actual gain)
Calculate Effective Post-Tax Rate
Your real rate of return after accounting for taxes.
Formula:
Effective Rate = ((Investment + Post-Tax Interest) / Investment – 1) / 2 × 100
Example: ((100000 + 10894) / 100000 – 1) / 2 × 100 = 5.45% (Your real return)
Compare with Other Schemes
We compare MSSC with Fixed Deposits and other schemes so you can make informed decisions.
Comparison Formula:
Advantage = ((MSSC Post-Tax – Other Post-Tax) / Other Post-Tax) × 100
Example: MSSC gives 5.45% vs FD’s 3.25% = MSSC is 5.2% better
📅 Quarterly Calculation Example
Here’s how your investment grows quarter by quarter:
| Quarter | Opening Balance | Quarterly Rate | Interest | Closing Balance |
|---|---|---|---|---|
| Q1 | ₹1,00,000 | 1.875% | ₹1,875 | ₹1,01,875 |
| Q2 | ₹1,01,875 | 1.875% | ₹1,910 | ₹1,03,785 |
| Q3 | ₹1,03,785 | 1.875% | ₹1,946 | ₹1,05,732 |
| Q4 | ₹1,05,732 | 1.875% | ₹1,983 | ₹1,07,715 |
| Q5 | ₹1,07,715 | 1.875% | ₹2,020 | ₹1,09,736 |
| Q6 | ₹1,09,736 | 1.875% | ₹2,058 | ₹1,11,795 |
| Q7 | ₹1,11,795 | 1.875% | ₹2,097 | ₹1,13,893 |
| Q8 | ₹1,13,893 | 1.875% | ₹2,136 | ₹1,16,029 |
Key Point: Notice how interest itself earns interest each quarter. ₹1,875 in Q1 becomes ₹2,136 by Q8. This is the power of compound interest!
💰 Tax Calculation Breakdown
How your tax liability changes across different income tax brackets:
If you’re in 0% bracket:
- ✅ Interest earned: ₹15,563
- ✅ Tax: ₹0 (0% of ₹15,563)
- ✅ You keep: ₹15,563 (6.22% return!)
If you’re in 20% bracket:
- Interest earned: ₹15,563
- Tax: ₹3,113 (20% of ₹15,563)
- You keep: ₹12,450 (4.98% return)
If you’re in 30% bracket:
- Interest earned: ₹15,563
- Tax: ₹4,669 (30% of ₹15,563)
- You keep: ₹10,894 (4.36% return)
⚠️ If interest > ₹40,000:
- TDS (10%) deducted at source
- Plus your slab tax in filing
- Higher tax liability total
🔑 Key Points About This Calculator
Accurate Calculations
Uses official 7.5% rate and proper compound interest formula
Real-Time Updates
Results update instantly as you move the slider
Tax-Aware
Accounts for your income tax slab (0% to 30%)
No Surprises
Shows exactly what you’ll get after tax
Privacy Protected
All calculations happen on your device – no data sent
Mobile Friendly
Works perfectly on phones, tablets, and computers
💡 Expert Pro Tips for MSSC Investment
Learn from financial experts how to maximize your MSSC returns
Pro Tip #1: Invest Maximum Amount for Best Returns
MSSC offers fixed 7.5% regardless of investment amount. Whether you invest ₹1,000 or ₹2,00,000, you get 7.5% on your principal.
Strategy: Invest the maximum ₹2,00,000 to maximize your absolute returns.
Calculation:
₹1L investment → ₹15,563 interest
₹2L investment → ₹31,125 interest (₹16,000 more!)
💎 Smart move: Invest ₹2,00,000 = ₹31,125 interest in 2 years
Pro Tip #2: Open Multiple Accounts if Eligible (Before Scheme Closed)
You can open one account in your name AND one as guardian for your daughter (if she’s a minor). This doubles your investment!
Strategy: Maximize family wealth by opening for eligible members.
Example:
Your account: ₹2,00,000 → ₹31,125 interest
Daughter’s account: ₹2,00,000 → ₹31,125 interest (0% tax for minor!)
Total returns: ₹62,250
📌 Note: Scheme ended March 31, 2025. These accounts cannot be reopened.
Pro Tip #3: Understand Your Effective Tax Rate
Always calculate after-tax returns, not just interest earned. Your tax bracket dramatically affects your real returns.
Comparison across tax brackets (₹2L investment):
| Tax Bracket | Interest | Tax | You Keep | Rate |
| 0% | ₹31,125 | ₹0 | ₹31,125 | 6.22% |
| 20% | ₹31,125 | ₹6,225 | ₹24,900 | 4.98% |
| 30% | ₹31,125 | ₹9,338 | ₹21,787 | 4.36% |
🎯 Key insight: At 30% tax, you earn 4.36% not 7.5%! Use our calculator to see YOUR real return.
Pro Tip #4: Use 40% Withdrawal for Emergencies
MSSC allows you to withdraw 40% of your balance after completing 1 year. This provides liquidity while keeping 60% invested!
Smart strategy: Keep money invested while having access to 40% in emergencies.
Example (₹2L investment):
After 1 year: Balance = ₹2,07,500
Can withdraw: 40% = ₹83,000 (emergency access!)
Still invested: 60% = ₹124,500 (continues earning interest!)
⚡ Advantage: Only scheme that offers withdrawal + continued growth!
Pro Tip #5: Plan Your Tax Filing for Interest Income
MSSC interest must be reported in your annual tax return under “Income from Other Sources”. Plan your filing accordingly.
Tax planning checklist:
- ✓ Interest is fully taxable (not under 80C deduction)
- ✓ No TDS if interest < ₹40,000 per year
- ✓ If interest > ₹40,000, 10% TDS deducted
- ✓ Report in your ITR (Form 12BB)
- ✓ Interest added to other income for tax bracket
📌 Pro move: Use 80C deductions (PPF, ELSS) to offset MSSC tax liability!
🌟 3 BONUS PRO TIPS (Extra Knowledge!)
🔄 Bonus Tip #1: Reinvestment Strategy
After MSSC matures, reinvest your post-tax returns into PPF (₹1.5L/year) for long-term wealth building.
Path: MSSC (2 yrs) → PPF (14 yrs) → Long-term wealth ₹5L+
👨👩👧 Bonus Tip #2: Guardian Accounts are TAX-FREE
If you open MSSC as guardian for daughter (minor), the interest is ZERO-TAX! Even at 30% income tax.
Example: ₹2L → ₹31,125 interest → ₹0 tax (because she has no income)
⏰ Bonus Tip #3: Timing Your Investment
Invest early in financial year (April-June) to maximize the interest accrual in your assessment year.
Best timing: April = Full 8 quarters interest | December = Only 4 quarters interest
🎯 Key Takeaways
Maximize Amount
Invest ₹2,00,000 for maximum absolute returns (₹31,125 interest)
Account for Taxes
Your real return depends on your tax bracket (4.36%-6.22% after-tax)
Use Withdrawal Feature
40% withdrawal after 1 year provides emergency access while maintaining investment
Guardian Advantage
Opening for minor girl means 0% tax on interest – huge advantage!
Plan Tax Filing
Report interest in ITR and use other 80C deductions to minimize tax burden
❓ Frequently Asked Questions (24 FAQs)
Answers to all your MSSC questions
1. What is the Mahila Samman Savings Certificate (MSSC)?
The Mahila Samman Savings Certificate (MSSC) is a government-backed, short-term savings scheme launched on May 9, 2015, exclusively for women and girls of any age. It offers a fixed interest rate of 7.5% per annum, compounded quarterly, for a tenure of 2 years. Maximum investment per person is ₹2,00,000 (one-time investment).
Status: Scheme closed on March 31, 2025. No new investments accepted after this date.
2. Who is eligible for MSSC?
- ✓ Women of any age (adult or minor)
- ✓ Girls under guardianship (parents can open for them)
- ✓ Indian residents only
- ✓ Must have a savings bank account
- ✓ Aadhaar must be linked to bank account
Note: No income limit or credit requirement. Even students, homemakers, and self-employed women are eligible.
3. What are the key features of MSSC?
| Interest Rate | 7.5% per annum (fixed) |
| Tenure | 2 years (24 months) |
| Compounding | Quarterly (every 3 months) |
| Min Investment | ₹1,000 |
| Max Investment | ₹2,00,000 (one-time) |
| Withdrawal | 40% allowed after 1 year |
4. Can I open MSSC for a minor girl?
Yes! Parents or guardians can open MSSC in the name of minor girls. This is a huge advantage because:
- Interest is 100% tax-free (minor has no income)
- At maturity, the girl receives ₹2,31,125 (for ₹2L investment)
- Perfect for education planning
Example: Invest ₹2L for 12-year-old daughter. At age 14, she gets ₹2,31,125 for her studies – tax-free!
5. How do I open an MSSC account?
Scheme has ended (March 31, 2025). New accounts cannot be opened.
For historical reference, accounts were opened through:
- Bank branches (via application form)
- Online net banking
- Post offices (for postal accounts)
6. What documents are required to open MSSC?
- Aadhaar card (mandatory, must be linked to bank account)
- Bank passbook or account statement
- MSSC application form (provided by bank)
- Signed consent for auto-debit
- For minors: Guardian document + birth certificate
Note: Most banks processed applications online after KYC verification.
7. Can I open multiple MSSC accounts?
Only one account per person in their own name.
However, you could:
- Open 1 account in your name (₹2,00,000)
- Open 1 account as guardian for daughter (₹2,00,000)
- Open 1 account as guardian for another girl (₹2,00,000)
Example: A mother could invest ₹6 lakhs total (3 accounts × ₹2L each) across her own name and her daughters’ names.
8. Is there a lock-in or waiting period for MSSC?
- ✓ 30-day lock-in period: After opening, you cannot withdraw for 30 days
- ✓ No waiting period: Interest accrues from day 1 (after lock-in ends)
- ✓ 40% withdrawal: Allowed after completing 1 year
- ✓ Full maturity: Automatic maturity after 2 years
9. What happens if I don’t have Aadhaar linked to my bank account?
Aadhaar linking is mandatory. You cannot open MSSC without Aadhaar linked to your bank account.
How to link Aadhaar:
- Visit your bank branch, OR
- Log into net banking and link Aadhaar, OR
- Send SMS: Type ‘UIDAI’ and send to 567676
Linking takes 2-3 days. Do this before applying for MSSC.
10. Is MSSC interest taxable?
Yes, MSSC interest is fully taxable.
- Interest is classified under “Income from Other Sources”
- Taxed at your applicable income tax slab (0% to 30%)
- No Section 80C deduction available
- No TDS deducted if interest < ₹40,000
- 10% TDS deducted if interest ≥ ₹40,000
Example: If you’re in 30% tax bracket, ₹31,125 interest → ₹9,338 tax → You keep ₹21,787
11. Can I claim Section 80C deduction for MSSC?
No, MSSC investment is NOT eligible for Section 80C deduction.
This is different from:
- ❌ Section 80C: Not eligible for MSSC
- ✅ Section 80C eligible: PPF, ELSS, NSC, LIC
Strategy: Use MSSC for high returns + invest in PPF/ELSS for Section 80C benefits.
12. What is the effective post-tax return on MSSC?
The effective post-tax return depends on your income tax slab:
| Tax Slab | Pre-Tax Rate | Post-Tax Rate |
| 0% | 7.50% | 6.22% |
| 20% | 7.50% | 4.98% |
| 30% | 7.50% | 4.36% |
Use our calculator to see YOUR exact post-tax return!
13. Will TDS be deducted on my MSSC interest?
TDS is deducted only if your interest exceeds ₹40,000 per financial year.
- 💚 Interest < ₹40,000: NO TDS deducted
- 🔴 Interest ≥ ₹40,000: 10% TDS deducted at source
Example: ₹2L investment → ₹31,125 interest → 10% TDS = ₹3,113 deducted → You receive ₹27,287 interest only
Tip: You can claim TDS credit while filing ITR!
14. Is MSSC interest tax-free for minors?
Yes! MSSC interest is 100% tax-free for minors.
Why? Minor has no other income, so tax is 0%.
This is huge because:
- ₹2L investment → ₹31,125 interest → ₹0 tax
- Girl gets full ₹2,31,125 amount at maturity
- Perfect for education planning
Smart strategy: Open MSSC for daughter (tax-free) + one for yourself (taxable) = maximize family returns!
15. Can I withdraw money before maturity?
Only partial withdrawal allowed after 1 year:
- Before 1 year: ❌ No withdrawal allowed
- After 1 year: ✅ 40% withdrawal allowed
- After maturity: ✅ 100% balance released
Example: Invest ₹2L → After 1 year: Can withdraw ₹83,000 (40%) → ₹124,500 remains invested for another year
16. How much interest am I guaranteed?
MSSC provides fixed 7.5% annual interest (government-guaranteed):
- ✅ Guaranteed rate: 7.5% per annum
- ✅ Compounded: Quarterly
- ✅ No risk: Government scheme
- ✅ For ₹2L investment: ₹31,125 interest in 2 years
Guarantee: This rate is backed by the Government of India. Zero investment risk!
17. Can I withdraw all my money after 1 year?
No, only 40% can be withdrawn after 1 year. Full amount is released at maturity (2 years).
Why this rule?
- Government wants to encourage 2-year term savings
- 40% withdrawal provides emergency access
- 60% remains invested and keeps earning interest
Example: After 1 year, withdraw ₹83,000 but ₹124,500 continues earning 7.5% for another year!
18. What happens if I don’t withdraw after 2 years?
Account is closed at 2-year maturity. No further interest earned.
- ❌ No automatic renewal available
- ❌ No additional interest after 2 years
- ✅ You must withdraw at maturity
- ✅ Interest stops accruing after 2 years
Tip: Plan your next investment (PPF, FD, etc.) before MSSC matures so your money doesn’t stay idle!
19. How does MSSC compare with Fixed Deposits (FD)?
| Feature | MSSC | FD (6.5%) |
| Interest Rate | 7.5% | 6.5% |
| Tenure | 2 years (fixed) | Flexible |
| Eligibility | Women only | Anyone |
| Tax | Fully taxable | Fully taxable |
| Post-Tax Return (30%) | 4.36% | 2.28% |
| Withdrawal | 40% after 1 yr | Anytime (penalty) |
Winner: MSSC offers better returns + guaranteed rate!
20. How does MSSC compare with PPF?
| Feature | MSSC | PPF |
| Interest Rate | 7.5% | 7.1% |
| Tenure | 2 years | 15 years |
| Investment Limit | ₹2L (one-time) | ₹1.5L/year |
| Tax Benefit | None | 80C deduction |
| Interest Tax | Taxable | Tax-free |
Recommendation: Use MSSC for 2-year short-term + PPF for 15-year long-term wealth building!
21. How does MSSC compare with PMSBY?
MSSC and PMSBY are different schemes with different benefits:
| Feature | MSSC | PMSBY |
| Type | Life Insurance | Accident Insurance |
| Coverage | ₹2,00,000 (all deaths) | ₹2,00,000 (accidents only) |
| Premium | ₹436/year | ₹20/year |
Smart move: Enroll in BOTH (₹456/year) for complete ₹4L coverage (life + accident)!
22. Is MSSC better than Savings Account?
Absolutely yes! MSSC is much better:
- Savings Account: 2.5-3.5% interest
- MSSC: 7.5% interest (2-3x better!)
- MSSC guaranteed rate vs variable savings rate
- MSSC compounded quarterly vs savings monthly
Example (₹1L investment):
- Savings Account (2 years): ₹7,000 interest
- MSSC (2 years): ₹15,563 interest (2.2x more!)
23. Is MSSC a good investment compared to mutual funds?
MSSC is safe & guaranteed, Mutual Funds are growth-oriented:
- ✅ MSSC: Government-guaranteed, no risk
- ❌ Mutual Funds: Market-linked, varies with performance
- ✅ MSSC: Fixed 7.5% return
- ❌ Mutual Funds: Can be 5% to 25% or negative
Strategy: MSSC for 2-year secure savings + Mutual Funds for 5-10 year wealth growth!
24. How do I use this MSSC Calculator?
- Move Investment Slider: Drag to select your investment amount (₹1K to ₹2L)
- Select Tax Bracket: Choose your applicable income tax rate (0% to 30%)
- View Results Instantly: See maturity amount, interest, tax, and post-tax returns
- Check Quarter Table: See how your money grows quarter-by-quarter
- Compare with FDs: See MSSC advantage vs Fixed Deposits
- Use Pro Features: Try annual tax breakdown, withdrawal scenarios, and more
Tip: No registration needed. Your calculations stay private on your device!
Didn’t find your answer? Check our “Pro Tips” section or contact us for more help.
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| Calculator | Rate | Tenure | Tax | 80C | Liquidity |
|---|---|---|---|---|---|
| MSSC | 7.5% | 2 years | Taxable | ❌ | 40% @ 1yr |
| Fixed Deposit | 5.5-7% | Flexible | Taxable | ❌ | High (penalty) |
| PPF | 7.1% | 15 years | Tax-free | ✅ | After 7yr |
| Sukanya Samriddhi | 8.2% | 21 years | Tax-free | ✅ | Limited |
| NSC | 7.4% | 5/10 years | Tax-free | ✅ | After 1yr |
| SCSS | 8.2% | 5/10 years | Taxable | ✅ | High |
💡 Tip: Use different calculators to compare schemes and choose the best one for your financial goals!
📅 Best for 2 Years
Mahila Samman Savings Certificate
7.5% guaranteed, women-only scheme
Fixed Deposit
5.5-7% flexible, available for everyone
📊 Best for 5-15 Years
PPF
7.1% + 80C deduction + tax-free interest
NSC
7.4% + 80C deduction + tax-free interest
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