DailyTool's Senior Citizen Savings Scheme (SCSS) Interest Calculator is very useful utility for calculating maturity amount and interest earned. Senior Citizen Savings Scheme (SCSS) is one of best scheme by government of india for people having age more than 60 years.

### Senior Citizen Savings Scheme Calculator

### How to use above Senior Citizen Savings Scheme (SCSS) Interest Calculator?

Senior Citizen Savings Scheme (SCSS) is one of best investment tool for senior citizens by government of india. It provides best comparative interest rate 8.60% (FY 2016-17).

Calculating maturity amount and interest earned using daily tool's Senior Citizen Savings Scheme (SCSS) Calculator is very simple. You just need to enter your investment amount, and perform calculation; it will show maturity amount and interest earned (with graphical representation !).

Let's take an example; suppose Mr.X has want to invest 1 lac in Senior Citizen Savings Scheme (SCSS). Obvious thing is that Mr.X want to calculate what will be maturity amount after 5 year, and what interest amount he'll get. So in this case Mr.X has to insert "100000" in Investment Amount field, and perform calculation. Then DailyTools calculate maturity amount and show maturity amount(1,43,000), total interest earned (43,000). Now, interest of Senior Citizen Savings Scheme (SCSS) can be withdraw at quarterly basis. Dailytool will show that information too, so in this case quarterly payable interest will be 2,150 rupees.