Senior Citizens Savings Scheme Calculator
How much interest will SCSS pay me every quarter?
The Senior Citizens Savings Scheme (SCSS) is a 5-year government deposit for people aged 60 and over. It pays its interest every quarter, and you get the deposit back at the end.
At least Rs 1,000, up to Rs 30 lakh across all your SCSS accounts.
8.2% for October to December 2026, set by the Ministry of Finance. Fixed for 5 years once opened.
Income every quarter
₹30,750
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Indicative only. Your lender’s figures may differ. Nothing you enter here is sent anywhere or stored.
How It's Calculated
Quarterly income = deposit × rate ÷ 4
The yearly interest is paid in four equal parts every quarter for 5 years, so the 5-year interest is 20 of them. The deposit itself comes back at the end.
Worked Example
If you enter
- Amount deposited₹15,00,000
- Interest rate8.2 % p.a.
You get
- Income every quarter₹30,750
- Interest over 5 years₹6,15,000
These are the calculator's starting values. Change them above to see your own.
Common Questions
Who can open an SCSS account?
Anyone aged 60 or over. A person retired on superannuation or voluntary retirement can open one from 55 (from 50 for retired defence personnel) within one month of receiving retirement benefits.
When is the interest paid?
On the first working day of April, July, October and January. Interest not claimed earns nothing more.
Is SCSS interest taxable?
Yes, at your slab rate, and TDS applies above the yearly threshold. The deposit qualifies for the Section 80C deduction under the old regime.
Can it be extended after 5 years?
Yes, by 3 years at a time, at the rate in force on the date of maturity.
Guides in Plain Words
Short reads that explain how it works before you decide.
