SCSS Calculator
Estimate quarterly interest payouts from the Senior Citizens Savings Scheme.
About the SCSS Calculator
Estimate quarterly interest payouts from the Senior Citizens Savings Scheme. SCSS is for people aged 60 and over (55+ for some retirees), pays 8.2% (October–December 2026), with interest paid every quarter, for 5 years (extendable by 3). The maximum deposit is ₹30 lakh, eligible under Section 80C in the old regime.
The formula
Quarterly interest = deposit × rate ÷ 4
Worked example
Example: Interest every quarter = ₹67,500
- Inputs: Deposit: 30,00,000 ₹; Interest rate: 9%.
- Formula: Quarterly interest = deposit × rate ÷ 4
- Result: Interest every quarter = ₹67,500
Things to keep in mind
- Rates are reviewed every quarter; this uses the rate for October–December 2026.
Questions people ask
Is the rate fixed for 5 years?
Yes, it's locked at the rate when you invest.
Can I close early?
After 1 year with a 1.5% penalty, or after 2 years with 1%.