SCSS Calculator

Calculate your quarterly payout from the Senior Citizen Savings Scheme.

Deposit Amount

₹

30L

Rate of Interest (p.a)

15%

Tenure

Yr.

SCSS runs for 5 years and can be extended once by a further 3. The investment limit is ₹30 lakh across all your SCSS accounts combined. At this deposit, annual interest crosses ₹1,00,000, so TDS applies under Section 194A.

Monthly Equivalent

₹20,500

Annual Income

₹2,46,000

Total Interest

₹12,30,000

Principal Returned

₹30,00,000

Quarterly Payout

₹61,500

Principal

Interest

What Is an SCSS Calculator?

An SCSS calculator shows the quarterly interest payout and total returns from a Senior Citizen Savings Scheme deposit, based on your investment amount and the current government-notified interest rate.

SCSS is one of the highest-paying government-backed schemes available to eligible investors, and the calculator helps you see exactly how much quarterly income to expect before you commit your funds.

Current SCSS Details

Interest rate: 8.2% per annum, paid quarterly and reviewed each quarter by the Finance Ministry.
Eligibility: individuals aged 60 and above. Retired civilian employees aged 55 to 60 can invest within 1 month of receiving retirement benefits, and retired defence personnel are eligible from age 50.
Investment limit: minimum ₹1,000, maximum ₹30 lakh across all SCSS accounts held by an individual.
Tenure: 5 years, extendable once by an additional 3 years.
Tax treatment: the principal qualifies for a Section 80C deduction up to ₹1.5 lakh under the old regime. Interest is fully taxable, and TDS applies if annual interest exceeds ₹1 lakh for senior citizens.

How the Quarterly Payout Is Calculated

SCSS pays simple interest every quarter on your original deposit, so the formula is direct:

Quarterly payout = (Principal × Annual interest rate) ÷ 4

Interest is credited on the first working day of April, July, October and January, and never compounds inside the account.

Worked Example

An investment of ₹30,00,000, the maximum limit, at 8.2% per annum:

Quarterly payout = (₹30,00,000 × 8.2%) ÷ 4 = ₹61,500 per quarter

That is ₹2,46,000 a year. Over the 5-year tenure it adds up to ₹12,30,000 in total interest, on top of the full ₹30,00,000 principal returned at maturity or on extension.

SCSS vs Post Office MIS vs Senior Citizen Bank FD

Feature	SCSS	Post Office MIS	Bank FD (senior citizen)
Eligibility	60+ only, with exceptions	Any age	Any age
Payout frequency	Quarterly	Monthly	Varies
Indicative rate	Around 8.2% p.a.	Around 7.4% p.a.	Typically 7 to 7.75% p.a.
80C benefit	Yes, on principal	No	Only 5-year tax-saver FDs

Key Takeaways

An SCSS calculator shows your fixed quarterly payout and total returns based on your deposit and the current 8.2% per annum rate.
Eligibility is generally restricted to those 60 and above, with earlier access for specific categories of retirees.
The maximum investment limit is ₹30 lakh per person, across all SCSS accounts combined.
Interest is taxable and TDS applies above ₹1 lakh in annual interest for senior citizens, so plan for the tax impact on your quarterly income.