Senior Citizen Savings Scheme Calculator
SCSS quarterly interest payout and total income over 5 years at 8.2% for deposits up to ₹30 lakh.
Interest every quarter
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Works out per month—
Interest over 5 years—
How to use the Senior Citizen Savings Scheme calculator
- Enter deposit and interest rate.
- Read the interest every quarter at the top of the result, with works out per month, interest over 5 years underneath. It updates as you type.
- Change one input at a time to see what moves the answer most, then save the result with Copy link or Download PDF.
About this tool
SCSS pays interest every quarter and returns the deposit after 5 years (extendable by 3 years). It is for people aged 60+, or 55+ who took voluntary retirement.
Worked example
With deposit of ₹15,00,000 and interest rate of 8.2%:
| Interest every quarter | ₹30,750 |
| Works out per month | ₹10,250 |
| Interest over 5 years | ₹6,15,000 |
Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem
Questions people ask
What is the maximum SCSS deposit?
₹30 lakh per individual.
Is SCSS interest taxable?
Yes, at your slab rate, with TDS above the threshold. Deposits qualify for 80C under the old regime.