SCSS calculator
The senior citizen savings scheme: quarterly income, a five-year term, and a ₹30 lakh ceiling.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
Who can open one?
Anyone 60 or over. Also 55 to 60 on superannuation or voluntary retirement, and 50 for retired defence personnel, within a month of receiving the retirement benefits.
What is the maximum?
₹30 lakh across all your SCSS accounts.
Can it be extended?
Yes, in blocks of three years, as many times as you like, at the rate applying on the date of extension.
Is there TDS?
Yes, once interest crosses ₹1,00,000 in a year. Form 15H stops it if you owe no tax.
Can I close it early?
Yes. Before a year no interest is paid; between one and two years 1.5% of the deposit is deducted; after two years, 1%.