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PNB 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 Punjab National Bank

PNB is a public-sector agency bank with wide SCSS coverage, including in semi-urban and rural branches.

  1. 1Visit your PNB home branch and request Form A for the Senior Citizens Savings Scheme.
  2. 2Submit PAN, Aadhaar, age proof, and two passport-size photographs for KYC.
  3. 3Attach the employer retirement certificate if you are applying under the 55-60 superannuation or VRS relaxation.
  4. 4Nominate the PNB savings account to be debited and to receive quarterly interest.
  5. 5Deposit the amount by cheque or transfer, keeping within the overall SCSS ceiling.
  6. 6File nomination through Form-2 and collect your SCSS passbook or deposit receipt.

Quarterly interest is credited to the linked PNB savings account on the scheme interest payment dates.

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 Punjab National Bank.

PNB SCSS Calculator — Frequently Asked Questions

Opening and operating an SCSS account with Punjab National Bank.

Most PNB branches handle SCSS as the bank is an authorised agency bank with wide coverage. It is still worth confirming with your home branch first, as the account is typically opened where your existing savings account and KYC records are held.

Yes, you may hold accounts at more than one institution, but the overall SCSS investment ceiling applies to you as an individual across all accounts combined, not per institution. Exceeding it makes the excess deposit ineligible for scheme interest.

Submit Form 15H at your PNB home branch at the start of each financial year, or through PNB internet banking where the facility is enabled. This prevents TDS being deducted from your quarterly interest when your total income is below the taxable limit.

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