SCSS Calculator
By Sagar Kumar · Updated 25 October 2026
Calculate the quarterly interest from the Senior Citizens' Savings Scheme (SCSS) and the total you will earn over 5 years.
| Monthly equivalent | — |
| Yearly interest | — |
| Total interest in 5 years | — |
| Deposit returned at maturity | — |
Rates shown are the Government of India rates for October–December 2026 (unchanged from the previous quarter). Rates are reviewed every quarter — you can edit the rate field.
Formula
₹30,00,000 × 8.2% ÷ 4 = ₹61,500 a quarter, or ₹12,30,000 over 5 years. The deposit is returned at maturity and can be extended once by 3 years.
SCSS interest for common deposits (8.2%)
| Deposit | Every quarter | Per month (approx.) |
|---|---|---|
| ₹1,00,000 | ₹2,050 | ₹683 |
| ₹5,00,000 | ₹10,250 | ₹3,417 |
| ₹10,00,000 | ₹20,500 | ₹6,833 |
| ₹15,00,000 | ₹30,750 | ₹10,250 |
| ₹20,00,000 | ₹41,000 | ₹13,667 |
| ₹30,00,000 | ₹61,500 | ₹20,500 |
हिंदी में समझें
सीनियर सिटीज़न सेविंग्स स्कीम (SCSS) में अभी 8.2% ब्याज हर तिमाही मिलता है। ₹30 लाख जमा करने पर हर तिमाही ₹61,500 यानी लगभग ₹20,500 महीना मिलते हैं। 60 साल या उससे ज़्यादा उम्र के लोग खाता खोल सकते हैं।
Frequently asked questions
How much quarterly interest will I get on ₹30 lakh in SCSS?
₹61,500 every quarter at 8.2% (₹30,00,000 × 8.2% ÷ 4) — about ₹20,500 a month, or ₹2,46,000 a year.
What is the SCSS interest rate now?
8.2% a year, paid every quarter, for October–December 2026. The rate is fixed for the full 5-year term once you invest.
What is the maximum investment in SCSS?
₹30 lakh per individual. Minimum ₹1,000, in multiples of ₹1,000. A couple can each open an account, for ₹60 lakh in total.
Who can open an SCSS account?
Anyone aged 60 or above. Retired civilian employees aged 55–60 and retired defence personnel aged 50–60 can also open one within 3 months of retirement.
Is SCSS interest taxable?
Yes, it is taxed at your slab rate, and TDS applies if interest exceeds ₹1 lakh a year (senior citizen limit). The deposit qualifies for Section 80C deduction under the old regime.
When is SCSS interest paid?
On the first working day of April, July, October and January.
Official sources: India Post · National Savings Institute