SCSS Calculator
Calculate the quarterly income and total interest from a Senior Citizens Savings Scheme deposit.
Show solution steps
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What is the SCSS Calculator?
The Senior Citizens Savings Scheme (SCSS) is a government-backed 5-year scheme for those aged 60+, paying interest quarterly at one of the highest small-savings rates.
How to Calculate
SCSS pays simple interest quarterly: quarterly payout = deposit × rate ÷ 4. The principal is returned at maturity after 5 years.
Formula
Quarterly interest = principal × rate ÷ 4
How to Use
- Enter your details in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
Who can invest in SCSS?
Indian residents aged 60 and above (55+ in some retirement cases). The maximum deposit is u20b930 lakh.
How often does the rate change?
The SCSS rate is revised quarterly by the government u2014 confirm the current rate before relying on the figures.
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