👴 SCSS Calculator (Senior Citizen Savings)
Senior Citizens Savings Scheme — quarterly interest payout. Current rate: 8.2% p.a. | Max ₹30 lakh
QUARTERLY INTEREST
₹20,500
≈ ₹6,833/month
TOTAL INTEREST
₹4,10,000
Over 20 quarters
MATURITY VALUE
₹14,10,000
💡 Income Plan
📅 Quarterly payout: ₹20,500
💰 Annual income: ₹82,000
🎯 Monthly equivalent: ₹6,833
📚 SCSS Quick Facts
- ✅ Eligibility: Age 60+ years (or 55+ for retirees)
- ✅ Min: ₹1,000 | Max: ₹30,00,000 (since April 2023)
- ✅ Tenure: 5 years, extendable by 3 years
- ✅ Interest paid quarterly (1st April, July, Oct, Jan)
- ✅ Tax benefit u/s 80C (up to ₹1.5L)
- ⚠️ Interest is fully taxable
- ⚠️ TDS if interest > ₹50,000/year (15H form to avoid)
- 📍 Available at: Post Offices + authorized banks