SCSS Calculator 2025 - Senior Citizens Savings Scheme Interest Calculator
Calculate SCSS quarterly interest payouts & maturity amount with our advanced online calculator. Get instant results for 8.2% interest rate, quarterly interest of ₹6,150 on ₹3 lakh investment, total 5-year returns with extension option, Section 80TTB tax benefits up to ₹50,000, and TDS calculations. Compare SCSS vs PMVVY vs FD returns with PDF download feature for senior citizens investment planning.
| Year | Q1 | Q2 | Q3 | Q4 | Annual Total |
|---|
• Submit Form 15H to avoid TDS deduction
• Section 80TTB benefit: ₹50,000 interest exemption
• Your annual interest: ₹24,600 (No TDS applicable)
| Feature | SCSS | PMVVY | Sr. Citizen FD | Post Office MIS |
|---|---|---|---|---|
| Current Rate | 8.2% | 7.4% | 7.5-8% | 7.4% |
| Interest Payout | Quarterly | Monthly/Quarterly | Monthly/Quarterly | Monthly |
| Tenure | 5 Years (+3) | 10 Years | 7 days-10 years | 5 Years |
| Min Investment | ₹1,000 | ₹1.56 lakh | ₹1,000 | ₹1,000 |
| Max Investment | ₹30 Lakh | ₹30 Lakh | No Limit | ₹9 Lakh |
| Age Eligibility | 60+ (55+ VRS) | 60+ | 60+ | Any |
| Premature Exit | After 1 Year* | After 3 Years | Allowed* | After 1 Year |
| Tax Benefit | 80TTB | 80C on Premium | 80TTB | None |
Calculating...
SCSS Calculator 2025 - Senior Citizens Savings Scheme Interest Calculator
Senior Citizens Savings Scheme (SCSS) is a government-backed investment scheme offering the highest interest rate of 8.2% per annum with quarterly payouts for senior citizens aged 60 and above. Our advanced SCSS calculator 2025 helps you instantly calculate quarterly interest payments, monthly income from investment, total 5-year returns with extension option, and TDS implications with Form 15H benefits. Whether you're planning retirement income through SCSS quarterly interest calculator or comparing SCSS vs PMVVY vs FD returns, our calculator provides comprehensive analysis with PDF download feature.
Unlike other senior citizen schemes, SCSS offers regular quarterly income at 8.2% interest rate, making it ideal for retirement planning. Our SCSS interest calculator with TDS shows exact quarterly payouts, annual income, and tax benefits under Section 80TTB up to ₹50,000. With features like SCSS maturity calculator with extension and monthly income calculation from your investment, senior citizens can plan their retirement finances effectively.
SCSS Calculator PDF Download - Complete Retirement Planning Report
Our SCSS calculator with PDF download feature enables senior citizens to save detailed investment reports instantly. The downloadable PDF includes complete quarterly payout schedule, 5-year and 8-year projections with extension, TDS calculations with Form 15H benefits, comparison with other senior citizen schemes, and monthly income planning from SCSS investment. This documentation is essential for retirement income planning, tax filing with Form 15H/15G submission, bank account opening for SCSS, and financial planning records. Generate professional reports for different investment scenarios to maximize retirement income.
SCSS Interest Rate 2025 & Quarterly Payout Calculation
Understanding SCSS quarterly interest calculation formula helps plan regular income:
Quarterly Interest = (Principal × Interest Rate) ÷ 4
Example: ₹3,00,000 × 8.2% ÷ 4 = ₹6,150 per quarter
Current SCSS Rate: 8.2% p.a. (Q3 2024-25)
SCSS Investment & Returns Example:
Investment: ₹3,00,000 at 8.2% for 5 years
Quarterly Interest: ₹6,150
Monthly Income: ₹2,050
Annual Interest: ₹24,600
Total 5-Year Interest: ₹1,23,000
Principal returned at maturity: ₹3,00,000
SCSS Quarterly Interest Payment Schedule
Our SCSS calculator with quarterly payout schedule shows regular income flow:
| Year | Q1 (Apr-Jun) | Q2 (Jul-Sep) | Q3 (Oct-Dec) | Q4 (Jan-Mar) | Annual Total |
|---|---|---|---|---|---|
| Year 1 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 2 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 3 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 4 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 5 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Total | 20 Quarterly Payments | ₹1,23,000 | |||
Key Point: Interest credited quarterly on 1st April, July, October, and January!
SCSS Tax Benefits & TDS Rules
SCSS offers tax benefits that our SCSS calculator with TDS and 80TTB benefits calculates:
1. Section 80TTB Tax Benefit:
- Senior citizens get ₹50,000 interest exemption
- Covers interest from SCSS, FD, savings accounts
- Available only for 60+ aged individuals
- Replaced Section 80TTA for senior citizens
2. TDS Rules for SCSS:
- TDS @ 10% if annual interest exceeds ₹50,000
- No TDS with valid PAN card submission
- Submit Form 15H to avoid TDS deduction
- TDS certificate provided by bank/post office
Tax Calculation Example:
Investment: ₹6 lakh in SCSS
Annual Interest: ₹49,200 (Below ₹50,000)
TDS Applicable: NIL (with Form 15H)
Tax Benefit under 80TTB: Full ₹49,200
Effective Tax: Zero for most senior citizens
SCSS vs PMVVY Calculator - Which is Better for Senior Citizens?
Compare retirement income options using our detailed analysis:
| Parameter | SCSS | PMVVY | Winner |
|---|---|---|---|
| Interest Rate | 8.2% | 7.4% | SCSS ✓ |
| Regular Income | Quarterly | Monthly Option | PMVVY ✓ |
| Investment Period | 5 Years (+3) | 10 Years | PMVVY ✓ |
| Maximum Investment | ₹30 Lakh | ₹30 Lakh | Tie |
| Premature Exit | After 1 Year | After 3 Years | SCSS ✓ |
| Extension Option | 3 Years | Not Available | SCSS ✓ |
Verdict: SCSS better for higher returns and flexibility. PMVVY better for longer guaranteed income period.
SCSS Monthly Income Calculator for Different Amounts
Quick reference for monthly income from SCSS at 8.2% interest:
| Investment | Quarterly Interest | Monthly Income | Annual Interest | 5-Year Total |
|---|---|---|---|---|
| ₹1,00,000 | ₹2,050 | ₹683 | ₹8,200 | ₹41,000 |
| ₹3,00,000 | ₹6,150 | ₹2,050 | ₹24,600 | ₹1,23,000 |
| ₹5,00,000 | ₹10,250 | ₹3,417 | ₹41,000 | ₹2,05,000 |
| ₹10,00,000 | ₹20,500 | ₹6,833 | ₹82,000 | ₹4,10,000 |
| ₹15,00,000 | ₹30,750 | ₹10,250 | ₹1,23,000 | ₹6,15,000 |
| ₹30,00,000 | ₹61,500 | ₹20,500 | ₹2,46,000 | ₹12,30,000 |
* Maximum investment: ₹15 lakh (single), ₹30 lakh (joint account)
SCSS Account Opening Process & Eligibility
Eligibility Criteria:
- Age 60+: Regular senior citizens
- Age 55-60: Retired under VRS/superannuation
- Age 50+: Retired defense personnel
- HUF/NRI: Not eligible for SCSS
Where to Open SCSS Account:
- All Post Offices with CBS facility
- Authorized banks (SBI, PNB, ICICI, HDFC, etc.)
- Online application through bank portals
Documents Required:
- Age proof (Aadhaar/Passport/Birth Certificate)
- Identity proof (PAN Card mandatory)
- Address proof documents
- Passport size photographs
- Retirement proof (for VRS cases)
- Form A - SCSS account opening form
SCSS Extension Rules After 5 Years
SCSS allows one-time extension for 3 additional years:
- Extension Period: 3 years after initial 5-year term
- Application Window: Within 1 year of maturity
- Interest Rate: Prevailing rate at extension time
- Process: Submit Form B at bank/post office
- Benefit: Continue earning high interest for 8 total years
SCSS Premature Withdrawal Rules & Penalties
SCSS allows premature closure with penalties:
| Withdrawal Period | Penalty | Refund Amount |
|---|---|---|
| Before 1 year | Not Allowed | - |
| 1-2 years | 1.5% of deposit | Principal - 1.5% |
| After 2 years | 1% of deposit | Principal - 1% |
| During extension | No penalty | Full principal |
SCSS Calculator - Tips to Maximize Returns
- Invest Maximum ₹30 Lakh: Use joint account for higher limit
- Submit Form 15H: Avoid TDS deduction on interest
- Choose Quarterly Payout: Regular income for expenses
- Consider Extension: Continue for 3 more years
- Split Across Banks: Diversify for safety within ₹30 lakh limit
- Time Your Investment: Open account when rates are high
- Reinvest Interest: In other schemes for compounding
Frequently Asked Questions About SCSS Calculator
Q: What is the current SCSS interest rate for 2025?
A: The current SCSS interest rate is 8.2% per annum (Q3 2024-25), paid quarterly. Government revises rates quarterly based on market conditions. Our SCSS calculator 2025 uses the latest rate for accurate calculations.
Q: How much monthly income from ₹10 lakh in SCSS?
A: ₹10 lakh invested in SCSS at 8.2% gives quarterly interest of ₹20,500, which equals approximately ₹6,833 monthly income. Annual interest is ₹82,000.
Q: Is SCSS interest taxable?
A: Yes, SCSS interest is taxable. However, senior citizens get ₹50,000 exemption under Section 80TTB. TDS is deducted if interest exceeds ₹50,000 annually, which can be avoided by submitting Form 15H.
Q: Can I invest more than ₹15 lakh in SCSS?
A: Individual limit is ₹15 lakh, but you can invest up to ₹30 lakh through joint account with spouse. The first holder must be eligible senior citizen.
Q: What happens after 5 years SCSS maturity?
A: You can extend SCSS for additional 3 years by submitting application within 1 year of maturity. Otherwise, principal amount is returned and account closes.
Q: Is SCSS better than bank FD for senior citizens?
A: SCSS offers 8.2% guaranteed returns vs 7.5-8% for senior citizen FDs. SCSS has government backing, quarterly payouts, and extension option, making it better for regular income needs.
Q: Can NRIs open SCSS account?
A: No, NRIs cannot open SCSS account. Only resident Indian citizens meeting age criteria are eligible. HUFs also cannot invest in SCSS.
Q: Is premature withdrawal allowed in SCSS?
A: Yes, after 1 year with penalty - 1.5% (before 2 years) or 1% (after 2 years) of deposit amount. No withdrawal allowed in first year.
Q: Can I open multiple SCSS accounts?
A: Yes, you can open multiple SCSS accounts across different banks/post offices, but total investment cannot exceed ₹30 lakh (joint account limit).
Q: How accurate is the SCSS calculator?
A: Our SCSS interest calculator provides 100% accurate results based on current 8.2% rate with exact quarterly payout calculations matching bank/post office computations.
SCSS Calculator 2025 - Senior Citizens Savings Scheme Interest Calculator
Calculate SCSS quarterly interest payouts & maturity amount with our advanced online calculator. Get instant results for 8.2% interest rate, quarterly interest of ₹6,150 on ₹3 lakh investment, total 5-year returns with extension option, Section 80TTB tax benefits up to ₹50,000, and TDS calculations. Compare SCSS vs PMVVY vs FD returns with PDF download feature for senior citizens investment planning.
| Year | Q1 | Q2 | Q3 | Q4 | Annual Total |
|---|
• Submit Form 15H to avoid TDS deduction
• Section 80TTB benefit: ₹50,000 interest exemption
• Your annual interest: ₹24,600 (No TDS applicable)
| Feature | SCSS | PMVVY | Sr. Citizen FD | Post Office MIS |
|---|---|---|---|---|
| Current Rate | 8.2% | 7.4% | 7.5-8% | 7.4% |
| Interest Payout | Quarterly | Monthly/Quarterly | Monthly/Quarterly | Monthly |
| Tenure | 5 Years (+3) | 10 Years | 7 days-10 years | 5 Years |
| Min Investment | ₹1,000 | ₹1.56 lakh | ₹1,000 | ₹1,000 |
| Max Investment | ₹30 Lakh | ₹30 Lakh | No Limit | ₹9 Lakh |
| Age Eligibility | 60+ (55+ VRS) | 60+ | 60+ | Any |
| Premature Exit | After 1 Year* | After 3 Years | Allowed* | After 1 Year |
| Tax Benefit | 80TTB | 80C on Premium | 80TTB | None |
Calculating...
SCSS Calculator 2025 - Senior Citizens Savings Scheme Interest Calculator
Senior Citizens Savings Scheme (SCSS) is a government-backed investment scheme offering the highest interest rate of 8.2% per annum with quarterly payouts for senior citizens aged 60 and above. Our advanced SCSS calculator 2025 helps you instantly calculate quarterly interest payments, monthly income from investment, total 5-year returns with extension option, and TDS implications with Form 15H benefits. Whether you're planning retirement income through SCSS quarterly interest calculator or comparing SCSS vs PMVVY vs FD returns, our calculator provides comprehensive analysis with PDF download feature.
Unlike other senior citizen schemes, SCSS offers regular quarterly income at 8.2% interest rate, making it ideal for retirement planning. Our SCSS interest calculator with TDS shows exact quarterly payouts, annual income, and tax benefits under Section 80TTB up to ₹50,000. With features like SCSS maturity calculator with extension and monthly income calculation from your investment, senior citizens can plan their retirement finances effectively.
SCSS Calculator PDF Download - Complete Retirement Planning Report
Our SCSS calculator with PDF download feature enables senior citizens to save detailed investment reports instantly. The downloadable PDF includes complete quarterly payout schedule, 5-year and 8-year projections with extension, TDS calculations with Form 15H benefits, comparison with other senior citizen schemes, and monthly income planning from SCSS investment. This documentation is essential for retirement income planning, tax filing with Form 15H/15G submission, bank account opening for SCSS, and financial planning records. Generate professional reports for different investment scenarios to maximize retirement income.
SCSS Interest Rate 2025 & Quarterly Payout Calculation
Understanding SCSS quarterly interest calculation formula helps plan regular income:
Quarterly Interest = (Principal × Interest Rate) ÷ 4
Example: ₹3,00,000 × 8.2% ÷ 4 = ₹6,150 per quarter
Current SCSS Rate: 8.2% p.a. (Q3 2024-25)
SCSS Investment & Returns Example:
Investment: ₹3,00,000 at 8.2% for 5 years
Quarterly Interest: ₹6,150
Monthly Income: ₹2,050
Annual Interest: ₹24,600
Total 5-Year Interest: ₹1,23,000
Principal returned at maturity: ₹3,00,000
SCSS Quarterly Interest Payment Schedule
Our SCSS calculator with quarterly payout schedule shows regular income flow:
| Year | Q1 (Apr-Jun) | Q2 (Jul-Sep) | Q3 (Oct-Dec) | Q4 (Jan-Mar) | Annual Total |
|---|---|---|---|---|---|
| Year 1 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 2 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 3 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 4 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Year 5 | ₹6,150 | ₹6,150 | ₹6,150 | ₹6,150 | ₹24,600 |
| Total | 20 Quarterly Payments | ₹1,23,000 | |||
Key Point: Interest credited quarterly on 1st April, July, October, and January!
SCSS Tax Benefits & TDS Rules
SCSS offers tax benefits that our SCSS calculator with TDS and 80TTB benefits calculates:
1. Section 80TTB Tax Benefit:
- Senior citizens get ₹50,000 interest exemption
- Covers interest from SCSS, FD, savings accounts
- Available only for 60+ aged individuals
- Replaced Section 80TTA for senior citizens
2. TDS Rules for SCSS:
- TDS @ 10% if annual interest exceeds ₹50,000
- No TDS with valid PAN card submission
- Submit Form 15H to avoid TDS deduction
- TDS certificate provided by bank/post office
Tax Calculation Example:
Investment: ₹6 lakh in SCSS
Annual Interest: ₹49,200 (Below ₹50,000)
TDS Applicable: NIL (with Form 15H)
Tax Benefit under 80TTB: Full ₹49,200
Effective Tax: Zero for most senior citizens
SCSS vs PMVVY Calculator - Which is Better for Senior Citizens?
Compare retirement income options using our detailed analysis:
| Parameter | SCSS | PMVVY | Winner |
|---|---|---|---|
| Interest Rate | 8.2% | 7.4% | SCSS ✓ |
| Regular Income | Quarterly | Monthly Option | PMVVY ✓ |
| Investment Period | 5 Years (+3) | 10 Years | PMVVY ✓ |
| Maximum Investment | ₹30 Lakh | ₹30 Lakh | Tie |
| Premature Exit | After 1 Year | After 3 Years | SCSS ✓ |
| Extension Option | 3 Years | Not Available | SCSS ✓ |
Verdict: SCSS better for higher returns and flexibility. PMVVY better for longer guaranteed income period.
SCSS Monthly Income Calculator for Different Amounts
Quick reference for monthly income from SCSS at 8.2% interest:
| Investment | Quarterly Interest | Monthly Income | Annual Interest | 5-Year Total |
|---|---|---|---|---|
| ₹1,00,000 | ₹2,050 | ₹683 | ₹8,200 | ₹41,000 |
| ₹3,00,000 | ₹6,150 | ₹2,050 | ₹24,600 | ₹1,23,000 |
| ₹5,00,000 | ₹10,250 | ₹3,417 | ₹41,000 | ₹2,05,000 |
| ₹10,00,000 | ₹20,500 | ₹6,833 | ₹82,000 | ₹4,10,000 |
| ₹15,00,000 | ₹30,750 | ₹10,250 | ₹1,23,000 | ₹6,15,000 |
| ₹30,00,000 | ₹61,500 | ₹20,500 | ₹2,46,000 | ₹12,30,000 |
* Maximum investment: ₹15 lakh (single), ₹30 lakh (joint account)
SCSS Account Opening Process & Eligibility
Eligibility Criteria:
- Age 60+: Regular senior citizens
- Age 55-60: Retired under VRS/superannuation
- Age 50+: Retired defense personnel
- HUF/NRI: Not eligible for SCSS
Where to Open SCSS Account:
- All Post Offices with CBS facility
- Authorized banks (SBI, PNB, ICICI, HDFC, etc.)
- Online application through bank portals
Documents Required:
- Age proof (Aadhaar/Passport/Birth Certificate)
- Identity proof (PAN Card mandatory)
- Address proof documents
- Passport size photographs
- Retirement proof (for VRS cases)
- Form A - SCSS account opening form
SCSS Extension Rules After 5 Years
SCSS allows one-time extension for 3 additional years:
- Extension Period: 3 years after initial 5-year term
- Application Window: Within 1 year of maturity
- Interest Rate: Prevailing rate at extension time
- Process: Submit Form B at bank/post office
- Benefit: Continue earning high interest for 8 total years
SCSS Premature Withdrawal Rules & Penalties
SCSS allows premature closure with penalties:
| Withdrawal Period | Penalty | Refund Amount |
|---|---|---|
| Before 1 year | Not Allowed | - |
| 1-2 years | 1.5% of deposit | Principal - 1.5% |
| After 2 years | 1% of deposit | Principal - 1% |
| During extension | No penalty | Full principal |
SCSS Calculator - Tips to Maximize Returns
- Invest Maximum ₹30 Lakh: Use joint account for higher limit
- Submit Form 15H: Avoid TDS deduction on interest
- Choose Quarterly Payout: Regular income for expenses
- Consider Extension: Continue for 3 more years
- Split Across Banks: Diversify for safety within ₹30 lakh limit
- Time Your Investment: Open account when rates are high
- Reinvest Interest: In other schemes for compounding
Frequently Asked Questions About SCSS Calculator
Q: What is the current SCSS interest rate for 2025?
A: The current SCSS interest rate is 8.2% per annum (Q3 2024-25), paid quarterly. Government revises rates quarterly based on market conditions. Our SCSS calculator 2025 uses the latest rate for accurate calculations.
Q: How much monthly income from ₹10 lakh in SCSS?
A: ₹10 lakh invested in SCSS at 8.2% gives quarterly interest of ₹20,500, which equals approximately ₹6,833 monthly income. Annual interest is ₹82,000.
Q: Is SCSS interest taxable?
A: Yes, SCSS interest is taxable. However, senior citizens get ₹50,000 exemption under Section 80TTB. TDS is deducted if interest exceeds ₹50,000 annually, which can be avoided by submitting Form 15H.
Q: Can I invest more than ₹15 lakh in SCSS?
A: Individual limit is ₹15 lakh, but you can invest up to ₹30 lakh through joint account with spouse. The first holder must be eligible senior citizen.
Q: What happens after 5 years SCSS maturity?
A: You can extend SCSS for additional 3 years by submitting application within 1 year of maturity. Otherwise, principal amount is returned and account closes.
Q: Is SCSS better than bank FD for senior citizens?
A: SCSS offers 8.2% guaranteed returns vs 7.5-8% for senior citizen FDs. SCSS has government backing, quarterly payouts, and extension option, making it better for regular income needs.
Q: Can NRIs open SCSS account?
A: No, NRIs cannot open SCSS account. Only resident Indian citizens meeting age criteria are eligible. HUFs also cannot invest in SCSS.
Q: Is premature withdrawal allowed in SCSS?
A: Yes, after 1 year with penalty - 1.5% (before 2 years) or 1% (after 2 years) of deposit amount. No withdrawal allowed in first year.
Q: Can I open multiple SCSS accounts?
A: Yes, you can open multiple SCSS accounts across different banks/post offices, but total investment cannot exceed ₹30 lakh (joint account limit).
Q: How accurate is the SCSS calculator?
A: Our SCSS interest calculator provides 100% accurate results based on current 8.2% rate with exact quarterly payout calculations matching bank/post office computations.