SCSS Calculator
Senior Citizen Savings Scheme — quarterly interest income and total returns over 5 years.
Maximum ₹30,00,000 per senior citizen.
Current SCSS rate: 8.2% p.a. · Interest paid quarterly · Term 5 years
NSI / Min. of Finance · verified 2026-06-30
₹30,750
paid every 3 months (₹1,23,000 per year).
Total interest (5 yrs)
₹6,15,000
Principal returned
₹15,00,000
How the SCSS Calculator works
The Senior Citizen Savings Scheme (SCSS) gives people aged 60+ a safe, government-backed regular income. This calculator shows the quarterly interest you'd receive and your total returns over the 5-year term.
Interest is paid out quarterly (not compounded), making it ideal for retirees who want steady income.
Frequently asked questions
How much can a senior citizen invest in SCSS?+
Up to ₹30 lakh per individual. The scheme runs for 5 years and can be extended by 3 years.
How is SCSS interest paid?+
Quarterly, directly to your bank account — it's a regular income scheme rather than a compounding one.
Is SCSS interest taxable?+
Yes, the interest is taxable at your slab, and TDS applies if annual interest crosses the threshold. Deposits qualify under 80C.