Closing an SCSS account early affects what you finally receive. This page explains the impact in plain language and gives you a quick way to compute it. Enter your deposit, start date, closure date, interest rate, and quarterly payout choice to see interest earned, the penalty, and the net amount you will get.
.svg)
.svg)
First-Time Investors Learning to Average Their Trades
See how a new lot changes cost. Plan the next step with transparent math.
.svg)
Active Traders Managing Multiple Buy Orders
Combine intraday and swing entries in one view. Confirm if an add improves cost or adds risk.
.svg)
Long-Term Investors Averaging Down on Stocks
Test staged entries at target levels. Keep each move within budget.
.svg)
Portfolio Managers Needing Accuracy in Cost Tracking
Clean inputs and reproducible numbers. Bulk paste speeds month-end checks.
Yes. You can close it after opening, but penalties apply based on how long you have held the account. Before one year, interest is not payable and credited interest is recovered.
1.5% of the deposit, if closed after 1 year but before 2 years. 1% of the deposit if closed after 2 years and before maturity.
Interest accrues at the notified rate and is credited quarterly. On closure, you receive interest accrued till the eligible date, less any penalty.
Quarterly, to your linked savings account. The calculator assumes quarterly credit and shows the net position on your chosen closure date.
The account is closed. The nominee or legal heir receives the principal and interest up to the date of death. No premature penalty applies.
SCSS offers attractive rates with government backing and quarterly payouts. The better option depends on your tax slab, liquidity needs, and whether you need monthly or quarterly cash flow.
You can open a fresh account or consider other senior-friendly options. Use the calculator to compare holding to maturity versus shifting to a new avenue.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer