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HDFC Bank 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 HDFC Bank

HDFC Bank is an authorised SCSS agency bank. Opening is branch-based, with the deposit linked to your HDFC savings account.

  1. 1Visit an HDFC Bank branch handling government small savings schemes and request Form A for SCSS.
  2. 2Carry PAN, Aadhaar, proof of age, and two passport-size photographs.
  3. 3Provide your retirement or VRS documents if you are claiming the 55-60 age relaxation, within one month of receiving benefits.
  4. 4Link your HDFC Bank savings account for the debit and the quarterly interest credit.
  5. 5Fund the account by cheque or internal transfer, observing the overall SCSS ceiling across institutions.
  6. 6Submit Form-2 for nomination and collect the acknowledgement from the branch.

Quarterly interest is credited to the linked HDFC Bank savings account and appears in NetBanking and the mobile app.

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 HDFC Bank.

HDFC Bank SCSS Calculator — Frequently Asked Questions

Opening and operating an SCSS account with HDFC Bank.

No. HDFC Bank processes SCSS applications at the branch using Form A. Government small savings schemes require in-person age proof and signature verification, so the opening step cannot be completed online. The running account is visible in NetBanking afterwards.

No. SCSS is a government scheme and authorised banks do not levy an account opening charge. You only need to fund the deposit itself. Normal charges may apply to the linked savings account under its own schedule.

The account matures at 5 years and the principal is credited back to your linked savings account. You may instead extend it by a further 3 years by submitting Form B, which must be done within one year of maturity.

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