He wishes to invest INR 3,00,000 into the scheme. Mr Ravi decides to invest in SCSS for his retirement.
Therefore, the SCSS interest calculator also provides the quarterly interest amount for the ease of understanding the returns.īelow is a step by step process of how to use the SCSS calculator with an example. Investors can opt for quarterly interest payments. The SCSS calculator helps an investor to determine their potential returns from their SCSS investments. Scripbox’s SCSS interest calculator is available online and is free to use. Quarterly receivable interest: The SCSS calculator also determines the quarterly interest an account holder would earn during the investment tenure.Total interest earned: Determines the total interest earned during the tenure of the investment.Maturity Amount: Determines the maturity value based on the investment amount, investment tenure and rate of interest.Also, the investment tenure for the scheme in 5 years.įollowing are the features of SCSS calculator: The current interest rate offered on SCSS scheme is 8% p.a. Senior Citizen Savings Scheme SCSS is among the most preferred investment schemes for senior citizens. SCSS calculator helps in calculating the maturity amount and interest amount. Track Now What is a Senior Citizen Saving Scheme (SCSS) Interest Calculator? Track your investment in Senior Citizen Saving Scheme (SCSS) on Scripbox in just 1 step
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