SCSS Calculator
🔒 In your browserSenior Citizen Savings Scheme quarterly interest & total return.
How it works
Estimate the income from a Senior Citizen Savings Scheme (SCSS) deposit. SCSS pays interest quarterly for a 5-year term, and your principal is returned at maturity. Enter your deposit and the current rate.
SCSS pays interest quarterly (it isn't compounded), the term is 5 years (extendable by 3), and the maximum deposit is ₹30 lakh. The rate (currently 8.2%) is set quarterly by the government.
🔒 Calculated entirely in your browser — nothing is uploaded.
🔒 Calculated in your browser: your loan, investment and salary figures are never uploaded. Interest, tax and salary structures vary by bank and employer, so treat the result as a close estimate and confirm exact figures with them.
About the SCSS Calculator
This free SCSS calculator estimates the income from a Senior Citizen Savings Scheme deposit. SCSS pays interest every quarter for a five-year term and returns your principal at maturity. Enter your deposit and the current rate to see the quarterly payout and total interest.
It runs in your browser, with nothing uploaded.
How SCSS pays out
SCSS is a government scheme for people aged 60 and above (or 55+ in some retirement cases). Unlike a fixed deposit that compounds, SCSS pays simple interest directly to you every quarter, giving a regular income. The principal stays intact and is returned when the five-year term ends, which can be extended by three more years.
A worked example
Deposit the maximum ₹30 lakh at 8.2%. The annual interest is ₹2,46,000, paid as ₹61,500 every quarter, and over the five-year term you receive ₹12,30,000 in interest while your ₹30 lakh principal is returned at the end. That quarterly payout is what makes SCSS popular for retirement income.
Frequently asked questions
How is SCSS interest calculated?
SCSS pays simple interest quarterly on your deposit — it is not compounded. This tool shows the quarterly payout and the total interest over the five-year term.
What is the maximum SCSS deposit?
The maximum is ₹30 lakh per person. The scheme is open to those aged 60 and above, with some earlier-retirement exceptions.
How long is the SCSS term?
Five years, extendable by a further three years. Interest is paid every quarter throughout, and the principal is returned at maturity.
Is SCSS interest taxable?
Yes, the interest is taxable at your slab and TDS may apply above a threshold. This tool shows the pre-tax payout.
Is my data private?
Yes — everything is calculated in your browser.