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Mahila Samman Savings Calculator

Calculate returns on women's savings scheme

Minimum: ₹1,000 | Maximum: ₹2,00,000

Key Features

  • • Exclusively for women & girls
  • • Fixed 2-year tenure
  • • Quarterly compounding
  • • Max investment: ₹2 lakhs
  • • Partial withdrawal after 1 year
  • • Tax benefit under 80C
Maturity Amount (2 years)
1,15,562
Investment1,00,000
Interest Earned15,562
Tenure2 years
Maturity Value1,15,562

Year-wise Growth

After Year 11,07,714
After Year 21,16,022
Empowerment: This scheme promotes financial independence for women with attractive returns and flexible withdrawal options.

About This Calculator

The Mahila Samman Calculator Calculator helps you estimate the future value of your investments and plan your financial goals effectively. Whether you're saving for retirement, children's education, or wealth creation, understanding potential returns is essential. Our calculator shows projected maturity amount, total investment, and returns based on your inputs. It accounts for compound interest and provides year-wise growth projections. Use this tool to compare different investment scenarios and make informed decisions. Start planning your financial future today with accurate calculations at your fingertips.

How It Works

Mahila Samman Calculator works on the principle of compound interest, where your returns generate additional returns over time. The power of compounding significantly increases your wealth in the long term. Regular investments, even small amounts, can grow substantially over extended periods. Key factors affecting your returns include the investment amount, expected rate of return, investment frequency, and time horizon. Historical data shows that equity investments typically offer 12-15% returns, while debt instruments provide 7-9% returns over the long term. However, past performance doesn't guarantee future results. Our calculator helps you set realistic expectations and plan accordingly. It's important to start investing early to maximize the benefits of compounding. The calculator uses mathematical formulas to project future values based on your inputs.

Example Calculation

Scenario: Monthly investment of ₹10,000 at 12% for 15 years

  • • Monthly Investment: ₹10,000
  • • Expected Return: 12% per annum
  • • Investment Period: 15 years

Frequently Asked Questions

What is Mahila Samman Savings Certificate?

Mahila Samman Savings Certificate is a government savings scheme exclusively for women and girls. It offers attractive interest rates with a 2-year tenure.

Who can invest in Mahila Samman Scheme?

Any woman or girl child can open this account. Guardian can open account on behalf of minor girls. Only one account per woman/girl is allowed.

What is the maximum investment limit?

Maximum investment limit is ₹2 lakhs per account. Minimum investment is ₹1,000. Partial withdrawals are allowed after 1 year.

Is interest taxable?

Yes, interest earned is taxable as per your income tax slab. TDS is not deducted at source. This scheme also qualifies for 80C deduction.