SCSS Calculator India: Senior Citizen Savings Scheme Returns
Find your quarterly payout and total interest from SCSS at 8.2% p.a. See TDS impact and maturity. Free and private.
Last updated: June 2026
What is SCSS? The Senior Citizen Savings Scheme offers 8.2% p.a. (Q1 FY 2026-27) to Indians aged 60 and above, paid quarterly. It is government-backed, with a maximum investment of ₹30 lakh over a 5-year tenure.
Min ₹1,000 · Max ₹30,00,000 · Tenure 5 years
Used for the post-tax yield estimate.
Your SCSS returns
- Quarterly interest
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- Annual interest
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- Total interest (tenure)
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- Maturity amount (principal)
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- TDS
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- Net quarterly payout
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| Quarter | Period | Gross interest | TDS | Net payout |
|---|
Steady income for retirees
SCSS is built for one job: turning a retirement lump sum into reliable quarterly income with almost no risk. This SCSS calculator shows the quarterly payout, the annual and total interest over the tenure, and how TDS affects what actually lands in your account.
At 8.2% per annum, a ₹30 lakh investment generates ₹2.46 lakh a year, paid as roughly ₹61,500 every quarter. Because the interest is paid out and not reinvested, the maturity amount equals your original principal. That predictability is the point. Many retirees pair SCSS with a small emergency buffer and use the quarterly cheques to cover regular expenses.
Two tax points matter. The interest is fully taxable at your slab, and if it crosses ₹50,000 in a year the bank deducts 10% TDS unless you file Form 15H. On the upside, the investment qualifies for an 80C deduction under the old regime. Compare SCSS with other safe options using the FD calculator, the PPF calculator and the SSY calculator.
Financial Disclaimer: Results are estimates for information only and not financial advice. The SCSS rate is set quarterly and may change. TDS and tax treatment depend on your total income. Verify with your bank or post office. Full disclaimer.
How it works
Three quick steps — no account, nothing uploaded to a server.
Enter the amount
Use the slider or box (₹1,000 to ₹30 lakh).
Set tenure and slab
Choose a 5 or 8-year tenure and your tax slab.
See your payouts
Get quarterly and total interest, TDS and the full schedule.
Rates and rules on this page are verified against National Savings Institute (Government of India). Last checked July 2026.
FAQ
Frequently asked questions
What is the current SCSS interest rate?
The Senior Citizen Savings Scheme pays 8.2% per annum for Q1 of FY 2026-27. The rate is reviewed every quarter by the Government of India. Interest is paid out quarterly rather than compounded, which makes SCSS popular with retirees who want a regular income stream rather than a lump sum at the end.
How much can I invest in SCSS?
The minimum is ₹1,000 and the maximum is ₹30 lakh, raised from the earlier ₹15 lakh limit. You can open more than one account, but your total across all SCSS accounts cannot exceed ₹30 lakh. Deposits are made in multiples of ₹1,000.
Who is eligible for SCSS?
Anyone aged 60 or above can open an SCSS account. People aged 55 to 60 who have taken voluntary retirement (VRS) can also open one, subject to conditions, as can retired defence personnel from age 50. The account is opened at a post office or an authorised bank.
Is SCSS interest taxable?
Yes, SCSS interest is fully taxable as income at your slab rate. If your total interest across SCSS accounts exceeds ₹50,000 in a year, the bank or post office deducts 10% TDS. Senior citizens whose total income is below the taxable limit can submit Form 15H to avoid TDS. The investment itself qualifies for an 80C deduction under the old tax regime.
Can I withdraw SCSS early?
Yes, premature closure is allowed after one year, with a penalty. Closing between one and two years deducts 1.5% of the deposit, and after two years the penalty is 1%. The 5-year tenure can also be extended once by a further three years, during which premature withdrawal is allowed after one year of the extension without penalty.