Senior Citizen Savings Scheme (SCSS) Calculator
Calculate your quarterly interest payout and total returns on an SCSS deposit at the current 8.2% p.a. rate over the 5-year tenure.
Quarterly Payout
Paid every quarter to your linked account, at 8.2% p.a. — not reinvested or compounded.
| Year | Per Quarter | Annual Payout |
|---|---|---|
| Year 1 | ₹30,750 | ₹1,23,000 |
| Year 2 | ₹30,750 | ₹1,23,000 |
| Year 3 | ₹30,750 | ₹1,23,000 |
| Year 4 | ₹30,750 | ₹1,23,000 |
| Year 5 | ₹30,750 | ₹1,23,000 |
SCSS interest is paid out quarterly, not compounded — it doesn't add back to your principal. It's fully taxable at your slab rate, and TDS applies if total interest exceeds ₹50,000/year. Available to those 60+ (55+ for retirees under VRS).
Frequently Asked Questions
What is the current SCSS interest rate?
The Senior Citizen Savings Scheme interest rate is 8.2% per annum for FY 2025-26, among the highest of government-backed small savings schemes. It's paid out quarterly, not compounded.
Who is eligible for SCSS?
Individuals aged 60 and above, or 55+ for those who've retired under VRS or superannuation (with restrictions on when they can invest). A joint account can only be opened with a spouse.
What is the SCSS deposit limit and tenure?
The minimum deposit is ₹1,000 and the maximum is ₹30 lakh (revised limit). The tenure is 5 years, extendable once by 3 more years after maturity.
Is SCSS interest taxable?
Yes, SCSS interest is fully taxable at your income tax slab rate. TDS is deducted if total interest exceeds ₹50,000 in a financial year (₹1 lakh limit doesn't apply here — check current TDS thresholds with your bank).