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👴 Senior Citizen Savings Scheme Calculator
Calculate your monthly pension, quarterly interest & maturity amount
Current Rate: 8.2% p.a. | 5 Year Tenure✅ Are You Eligible?
Age 60 years or above
Age 55+ (retired under VRS)
Retired defence personnel (50+)
Max investment: Rs. 30 Lakhs
📊 Investment Details
Minimum Rs. 1,000 | Maximum Rs. 30,00,000
Current SCSS rate: 8.2% p.a.
Interest credited quarterly: 31st Mar, 30th Jun, 30th Sep, 31st Dec
Used to check extension eligibility
📊 Your SCSS Returns Breakdown
Quarterly Interest
Rs. 0
Every 3 months in your bank
Monthly Equivalent
Rs. 0
Average monthly income
Yearly Interest
Rs. 0
Total annual payout
Rs. 0
Principal Invested
Rs. 0
5-Year Total Interest
Rs. 0
Maturity Amount
0%
Effective Yield
Rs. 0
Total Money Received in 5 Years (Principal + All Interest)
| Quarter | Period | Interest Credited | Cumulative Interest | Principal Status |
|---|
🔄 Extension Option
After 5 years, you can extend for 3 more years (one time only) at the prevailing rate.
At age 70, you'll receive Rs. 0 as maturity if you don't extend.
💡 SCSS Smart Tips for Senior Citizens
- Quarterly payout: Interest paid on 31st March, 30th June, 30th September, 31st December
- Joint account: Spouse can be joint holder — double the limit effectively (Rs. 60L combined)
- Tax benefit: Principal qualifies for 80C deduction up to Rs. 1.5L
- TDS: No TDS if interest is below Rs. 50,000/year (submit Form 15H if applicable)
- Premature closure: Allowed after 1 year with 1.5% penalty; after 2 years with 1% penalty
- Extension: Extend once for 3 years after maturity at prevailing rate