Senior Citizen Savings Scheme (SCSS) Calculator
SCSS pays 8.2% a year (October–December 2026), credited every quarter — ₹205 per quarter for each ₹10,000.
Deposits run for 5 years with a ₹30 lakh limit per individual.
How to use the SCSS Calculator
- Enter the deposit amount (₹1,000 to ₹30,00,000).
- Keep the rate at 8.2% or enter the rate locked in at deposit.
- See quarterly, yearly and 5-year interest.
Examples
₹30 lakh deposit
Input: ₹30,00,000 @ 8.2%
Result: ₹61,500 per quarter, ₹2,46,000 per year
Frequently asked questions
Who can open an SCSS account?
Individuals aged 60 or above, and certain retirees aged 55–60 (civilian) or 50–60 (defence) who invest their retirement benefits within the prescribed time.
Is SCSS interest compounded?
No. Interest is paid out every quarter and does not compound inside the scheme. It is taxable and subject to TDS above the threshold.
Learn more
Estimates, not tax or legal advice. Results come from the published rules for the cases this calculator covers; your own circumstances can change them.
Last checked 2026-10-30 by the TakeHomeWorld editors · How we calculate and check rates · Runs entirely in your browser; nothing you type is stored.