Calculators
Senior Citizen Savings Calculator
pronounced: [S-e-n-i-o-r- -C-i-t-i-z-e-n- -S-a-v-i-n-g-s- -C-a-l-c-u-l-a-t-o-r]
A calculator for estimating returns on Senior Citizen Savings Scheme deposits, which offer guaranteed interest rates higher than regular FDs, with quarterly interest payments and tax benefits.
Key Facts
| Fact | Value |
|---|---|
| Interest Compounding | Quarterly |
Example
A ₹5 lakh FD at 7.5% p.a. for 1 year earns ₹37,500 in interest. If the interest is compounded quarterly, the effective rate is slightly higher at ~7.65%, earning ₹38,250.
Frequently Asked Questions
Last updated: 21 May 2026