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Bank of Baroda SCSS Calculator

Government SCSS rates and quarterly interest are uniform across all banks. Use our master Senior Citizens Savings Scheme (SCSS) Calculator for detailed year-by-year tax and compounding breakdowns.

Quarterly Interest

₹20,500

Total Interest

₹4,10,000

Maturity Value

₹14,10,000

Adjust Parameters

₹
₹1,000₹30,00,000
%
1%15%
5 Years (Fixed)

Earnings Breakdown

Quarterly Interest

₹20,500

Invested
Interest

Year-by-Year Interest Summary

YearPrincipalQuarterly InterestYearly InterestCumulative Interest
1 Year₹10,00,000₹20,500₹82,000₹82,000
2 Years₹10,00,000₹20,500₹82,000₹1,64,000
3 Years₹10,00,000₹20,500₹82,000₹2,46,000
4 Years₹10,00,000₹20,500₹82,000₹3,28,000
5 Years₹10,00,000₹20,500₹82,000₹4,10,000

*Note: As per official SCSS guidelines, quarterly interest payments are rounded off to the nearest rupee. Any fractional adjustments (e.g., 50 paise) are automatically reconciled by the bank in subsequent quarters to ensure your exact yearly and total interest remains 100% accurate.

How to Open an SCSS Account at Bank of Baroda

Bank of Baroda is an authorised SCSS agency bank. Accounts are opened at the branch and linked to your BOB savings account.

  1. 1Visit a Bank of Baroda branch and ask for the SCSS account opening form (Form A).
  2. 2Provide PAN, Aadhaar, proof of age, and two passport-size photographs.
  3. 3Bring retirement or VRS documentation if you are applying between 55 and 60 under the superannuation relaxation.
  4. 4Link your Bank of Baroda savings account for the deposit debit and quarterly interest credit.
  5. 5Fund the deposit by cheque or internal transfer within the overall SCSS ceiling.
  6. 6Complete nomination via Form-2 and collect your deposit receipt.

Quarterly interest is credited to the linked Bank of Baroda savings account and shown in bob World and net banking.

SCSS is a Government of India scheme — the interest rate is identical at every authorised institution.

Calculate your quarterly interest payment and maturity value for a Senior Citizens Savings Scheme account at Bank of Baroda.

Bank of Baroda SCSS Calculator — Frequently Asked Questions

Opening and operating an SCSS account with Bank of Baroda.

Yes. The SCSS rate is notified centrally by the Ministry of Finance each quarter and is uniform across every authorised institution. Bank of Baroda cannot vary it, so your returns match those from any other bank or the post office.

Yes, but only jointly with your spouse. In a joint SCSS account the entire deposit is treated as belonging to the first account holder, which matters when applying the individual investment ceiling and for tax reporting.

Premature closure is allowed but carries a penalty that depends on how long the account has run, and the penalty is deducted from your principal. Closure before one year also means the interest already paid to you is recovered from the deposit.

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