Mahila Samman Saving Certificate Calculator

Formula of Mahila Samman

You can calculate the maturity amount of the Mahila Samman Savings Scheme by using an online calculator or through manual calculation. The mathematical formula for the calculation is given below:

Maturity amount = Principal amount * (1 + Interest rate / 100) ^ Time period

For example, if you want to calculate your return on investment of an amount of ₹50,000 for the fixed interest rate and tenure of 7.5% p.a. and 2 years respectively, the maturity amount will be:

Maturity amount = 50000 * (1 + 7.5 / 100) ^ 2

Maturity amount = 57781.25

So, the return on investment will be:

ROI = (57781.25 - 50000) / 50000 * 100

ROI = ₹7781.24 approx

How to Use Mahila Samman Calculator?

The MSSC calculator is a fast and convenient tool that can help you find your maturity amount in just a few seconds. Follow the below steps to use a Mahila Samman Calculator, you will need to enter the following information:

Step 1: Enter the investment amount.

Step 2: Enter the interest rate. Currently, the interest rate is 7.5% p.a.

Step 3: Enter the tenure in years. The tenure of the Mahila Samman Savings Certificate Scheme is two years.

Step 4: The maturity amount will be displayed. Note it down for future reference.

Advantages of Using Mahila Samman Calculator

Utilising a Mahila Samman Calculator offers a range of advantages, making it a valuable tool for individuals seeking financial clarity and planning. Check out its multiple advantages below:

• Accurate Maturity Calculation: It precisely calculates your investment's maturity amount, helping you plan effectively.
• User-Friendly: It's easy to use, making financial planning accessible to all.
• Cost-Free: It's completely free, promoting financial inclusivity.
• Time-Efficient: Saves time compared to manual calculations or financial advice
• Monetary Assistance: Encourages financial literacy and empowers women in their financial decisions.
• Flexibility: Allows personalised optioons of investment strategies to meet specific goals.

Features of Mahila Samman Saving Calculator

The Mahila Samman Saving Certificate Calculator offers several key features to assist women in their financial planning and empowerment:

• Maturity Amount Estimation: It allows users to enter the investment amount, interest rate, and tenure to calculate the maturity amount.
• User-Friendly Interface: Provides an easy-to-use platform, ensuring accessibility for individuals with varying levels of financial knowledge.
• Free of Cost: A cost-free tool that allows you to make informed financial decisions without additional expenses.

How to Open an Account of Mahila Samman Savings Certificate

You can open a Mahila Samman Savings Certificate account from the nearest bank or post office. Follow these simple steps and start investing in this scheme today.

• Download the application form from the official website of Post Office or any qualified bank.
• Fill the application form with all the required details such as name, address, account type, amount, and other details.
• Attach the required documents such as Aadhaar & PAN.
• Submit the form along with the required KYC documents to the bank branch/Post office.
• Deposit the amount in cash or cheque.
• Receive the Mahila Samman Saving certificate as your investment proof.

You can check all the necessary details to invest in Mahila Samman Savings Certificate through post office from the linked page.

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