All Small Savings Schemes — Calculator (Full)
Preset rates are included as common public presets (editable inside script). For final / official values always check your post office. This tool provides estimates and breakdowns for planning.
Disclaimer: The data provided here is collected from publicly available sources.
While every effort has been made to ensure accuracy, some typographical, coding, or other errors may exist.
Please verify details with the relevant official website.
Post Office Small Savings Scheme Calculator — Compare Returns & Pick the Best Plan
By Uttam Pradhan • HD News Live •
Post Office small savings schemes are like that reliable friend who shows up with chai — simple, trustworthy and surprisingly effective over time. But which scheme actually helps you meet a goal — child education, retirement top-up, or a safe place to park a one-time sum? Enter the Post Office Small Savings Scheme Calculator — a tool (and this guide) that helps you compare PPF, NSC, SCSS, Sukanya Samriddhi, KVP and RD in plain language — and with a little humor so your finance brain doesn’t fall asleep.
🔍 What the calculator should do (in plain terms)
A good small-savings calculator accepts what matters: the scheme, investment amount (lump-sum or recurring), frequency (monthly/annual), tenure, and current interest rates. It then shows:
- Projected maturity amount
- Total interest earned
- Effective annualized return
- Tax status (investment/maturity)
📌 Popular Post Office schemes covered
Long-term 15-year scheme with EEE tax benefit — great for conservative retirement savings.
Fixed-tenure savings (5-year) with compounding (for tax-saving investments under 80C).
For girl child — high rates and tax benefits, locked until maturity with partial withdrawal rules.
Senior Citizens’ Savings Scheme — high fixed income for retirees, tax implications apply.
Kisan Vikas Patra — doubles your money in a specified period (taxable interest).
Flexible monthly SIP-like deposits for medium-term goals.
🧮 How the calculator estimates returns (the logic)
Different schemes compound differently (annual compound, quarterly etc.). For a calculator:
- Use the scheme’s compounding frequency and interest rate.
- For recurring deposits: compute monthly contributions with monthly compounding.
- For lump-sum: apply compound interest formula for N years.
- Show pre-tax and post-tax (if applicable) maturity amounts — and flag which schemes offer tax benefits under Section 80C or 10(10D).
🔢 Illustrative example (PPF vs RD — quick)
Assume you invest ₹1,00,000 lump-sum for 15 years at PPF rate 7.1% (illustrative) vs an RD of ₹5,555/month (equivalent yearly contribution) at 6.9%:
- PPF (lump-sum): maturity ≈ ₹2.86 lakh (illustrative) after 15 years (compounded annually).
- RD: with monthly compounding, maturity and total invested will differ — calculator shows precise numbers and effective return.
Numbers above are simplified examples. Always use live interest rates and exact compounding rules for real planning.
⚖️ Which scheme suits which goal
| Goal | Best fit | Why |
|---|---|---|
| Retirement savings | PPF | Long-term lock-in, tax-free maturity, safe government-backed returns |
| Short-term doubling | KVP | Deterministic doubling period (taxable interest) |
| Child’s future | Sukanya Samriddhi | High rate, tax benefits, child-focused withdrawals |
| Regular income for seniors | SCSS | High fixed payouts, suitable for retirees |
| Tax-saving investment | PPF / NSC | Both qualify under Section 80C (subject to rules) |
🔧 Implementation notes for builders
- Keep the interest rates editable and show the last updated date.
- Allow both lump-sum and recurring options with flexible frequencies.
- Show tax labels (80C eligible, taxable interest, EEE/EEE-like clarifications).
- Provide CSV export and printable summary for users to save or share with advisors.
❓ Frequently Asked Question – FAQs
A: Rates vary over time. Historically, Sukanya Samriddhi and SCSS have offered competitive rates. Always check the current notified rates before deciding.
A: Yes — they are government-backed schemes and considered very safe for capital preservation.
A: PPF, NSC, Sukanya Samriddhi contributions (subject to rules) are commonly eligible under Section 80C. Interest taxability depends on scheme and conditions.
A: Small savings rates are revised occasionally (quarterly or as notified by the government). Check the official notification or an up-to-date calculator table.
🔗 Share & help someone choose
If this helped you see through the small-savings fog, share it with friends, your local committee, or anyone who still keeps cash under a mattress. A little planning goes a long way.
Disclaimer: This article provides educational examples. Interest rates and tax laws change; always verify current rates with official notifications and consult a tax advisor for your specific situation.
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