SCSS Calculator

See the quarterly income a senior citizen can earn from SCSS.

Updated · By HisaabCalc Editorial Team · How it’s calculated

₹
₹15,00,000 · 15 Lakh
%
Quarterly interest payout₹30,750₹10,250 per month equivalent at 8.2%
Annual interest
₹1,23,000
Total interest in 5 years
₹6,15,000
Principal returned at maturity
₹15,00,000
TDS applies if yearly interest exceeds ₹1,00,000
Yes — submit 15H if eligible
Principal: ₹15,00,000 (70.9%)Total interest: ₹6,15,000 (29.1%)
  • Principal₹15,00,00070.9%
  • Total interest₹6,15,00029.1%
Payout schedule
YearInterest receivedCumulative interest
Year 1₹1,23,000₹1,23,000
Year 2₹1,23,000₹2,46,000
Year 3₹1,23,000₹3,69,000
Year 4₹1,23,000₹4,92,000
Year 5₹1,23,000₹6,15,000

Quick answer

SCSS pays 8.2% a year, paid out every quarter, to people aged 60 or above (55+ for some retirees). The maximum deposit is ₹30 lakh. ₹30 lakh earns ₹61,500 every quarter (about ₹20,500 a month) for 5 years, and your capital is returned at maturity.

Key takeaways

  • Current rate: 8.2% p.a. for Oct–Dec 2026 (Q3 FY 2026-27). The government resets it every quarter.
  • The rate is locked for the full 5 years once you invest.
  • Deposits qualify for 80C in the old regime. Interest is taxable at your slab rate.

SCSS formula

Quarterly interest = Deposit × Rate ÷ 4

Frequently asked questions

What is the SCSS interest rate now?

8.2% for Oct–Dec 2026 (Q3 FY 2026-27). The rate on the day you invest applies for the whole 5-year term.

What is the maximum SCSS limit?

₹30 lakh per individual. A couple can each open an account, for ₹60 lakh together.

Sources & methodology

Formulas follow the standard methods used by Indian banks, fund houses and government schemes. Rates and tax rules were checked against official sources on 1 October 2026. Read our methodology.

This calculator gives an estimate for planning purposes. Actual returns, tax and eligibility depend on your situation and on product terms. It is not financial advice.