Calculate returns on Senior Citizen Savings Scheme investment
| Quarter | Interest Amount | Tax Deducted | Net Amount |
|---|
In case of a joint account, the age of the first applicant / depositor is the only factor to decide the eligibility to invest under the scheme. There is no age bar/limit for the second applicant / joint holder (i.e. spouse).
Yes, TDS is applicable to the Scheme as interest payments have not been exempted from deduction of tax at source.
The rate at which TDS is to be deducted from the account holder is 20%.
Two passport-size photographs Identity proof, such as a PAN card, Voter ID, Aadhaar card or passport. Proof of address, such as Aadhaar card or telephone bills. Proof of age, such as PAN card, Voter ID, birth certificate or senior citizen card. All the documents must be self-attested.
Visit the official website of the SCSS and follow the steps provided there to open an account. You can also call the SCSS helpline at 1800-258-2585 to open an account.