Calculators / Retirement
SCSS Calculator
SCSS pays one of the highest government-backed rates, as a quarterly income, for retirees. See the payout.
Calculate the quarterly income and total interest from the Senior Citizen Savings Scheme.
Questions, answered
Who can open an SCSS account?
Anyone aged 60 or above, or 55 to 60 if retired under a voluntary or superannuation scheme. The maximum deposit is 30 lakh, interest is paid quarterly, and the deposit qualifies for the 80C deduction. Interest is taxable at your slab.
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