PPF & NPS
Senior Citizen Savings Calculator
Calculate returns on Senior Citizen Savings Scheme deposits with quarterly interest payouts.
Formula
Quarterly Payout = Deposit × Rate/4
Deposit Amount, Annual Rate %, Tenure (Years)
Results
Enter values above to see results
Quarterly Payout = Deposit × Rate/4
Senior Citizen Savings Scheme (SCSS) offers 8.2% p.a. interest payable quarterly. Deposits up to ₹30 lakh qualify. The tenure is 5 years, extendable by 3 years. TDS is deducted if interest exceeds ₹50,000 per year.
A Senior Citizen Savings Scheme deposit of ₹15,00,000 at 8.2% p.a.
Input Values
Calculation
Applying the formula with the input values above:
Results
Quarterly Payout
₹30,750.00
Total Interest
₹6,15,000.00
- 1Enter the deposit amount (minimum ₹1,000, maximum ₹30 lakh per account).
- 2The current SCSS interest rate is 8.2% p.a. payable quarterly.
- 3Select the tenure (5 years, extendable by 3 years once).
- 4TDS is deducted if annual interest exceeds ₹50,000 (provide Form 15H to avoid).
- 5This is ideal for senior citizens seeking regular quarterly income.
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