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SCSS calculator

SCSS calculator

Calculate the quarterly interest from the Senior Citizens' Savings Scheme.

How this is calculated

Quarterly interest = P × R ÷ 400.

Worked example

₹10,00,000 at 8.2% pays ₹20,500 a quarter.

Assumptions

Rate fixed for the term at the time of deposit.

Frequently asked questions

Who can open SCSS?: People aged 60 or above, and some retirees earlier, subject to the scheme rules.

fintrekking.com publishes general educational information on personal finance. It is not investment, tax or legal advice.

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Senior Citizens' Savings Scheme