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Calculate SCSS maturity with 8.2% guaranteed return for seniors
Maturity Amount
Total Interest Earned
Quarterly Interest Income
SCSS (Senior Citizen Savings Scheme) is India's flagship retirement savings scheme exclusively for senior citizens (60+ years, or 55+ retired bank/government employees). Deposit ₹1,000-minimum (max ₹30 lakh), earn 8.2% p.a. government-guaranteed interest, and receive quarterly income. Unique feature: principal is returned entirely at maturity (5 years). A retiree investing ₹30 lakh receives ₹61,500 quarterly income (₹2.46L annually) for 5 years, then entire ₹30 lakh back. SCSS is ideal for: newly retired professionals (55-70 years), widows/widowers seeking safe income, anyone wanting higher returns than FDs. Tax: quarterly income is taxable (TDS at 10% for income >₹10K p.a.). SCSS is less popular than it should be—many seniors don't know about it. It provides better returns than FD (8.2% vs 6-7%), and income stream crucial for retired lifespan (20-30+ years post-retirement).
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.