Selvayana: Senior Citizen Savings Scheme calculatorEducational estimate, not investment advice. Selvayana is not registered with SEBI as an Investment Adviser or Research Analyst. Figures use the assumptions shown and are not predictions.
Senior Citizen Savings Scheme calculator
See the quarterly income from the Senior Citizen Savings Scheme, before and after tax.
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Detailed breakdown
How it's calculated
SCSS pays simple interest every quarter on your deposit; it doesn't compound. After 5 years you get your principal back, and you can extend by 3 years at a time.
Common questions
Who can invest in SCSS?
Residents aged 60 or above, or 55 to 60 for those who have taken voluntary retirement, with conditions.
Is TDS deducted?
Yes, when yearly interest crosses the threshold for senior citizens. You can submit Form 15H if your total income is below the taxable limit.
Last reviewed October 2026 · How we calculate · About Selvayana
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