SCSS Calculator

Quarterly income from the Senior Citizen Savings Scheme

Interest every quarter₹30,750
Average interest per month₹10,250
Total interest in 5 years₹6,15,000
Deposit returned at maturity₹15,00,000

The tenure is 5 years and can be extended by 3 years. The maximum deposit is ₹30 lakh. Interest is taxable.

Growth over time

Year-wise breakdown
YearDepositInterest receivedTotal
1₹15,00,000₹1,23,000₹16,23,000
2₹15,00,000₹2,46,000₹17,46,000
3₹15,00,000₹3,69,000₹18,69,000
4₹15,00,000₹4,92,000₹19,92,000
5₹15,00,000₹6,15,000₹21,15,000

Results are estimates for illustration only and not financial advice. Actual returns vary.

About the SCSS Calculator

The Senior Citizen Savings Scheme (SCSS) is a government-backed scheme for people aged 60 and above. It pays interest every quarter, which makes it popular for regular income in retirement.

Enter your deposit and the current interest rate to see the quarterly payout and total interest over 5 years.

Formula used

Quarterly interest = Deposit × annual rate ÷ 4 ÷ 100. Over 5 years there are 20 payouts, and the deposit is returned at maturity.

Frequently asked questions

What is the maximum SCSS deposit?

₹30 lakh across all your SCSS accounts.

Who can invest?

Individuals aged 60 or above, and some early retirees, subject to the scheme rules.

Is the interest taxable?

Yes, it is added to your income. TDS may apply above a limit, so check the current rules.

Related guides

Other calculators