Estimate quarterly interest payout, total interest, maturity amount, and optional post-tax returns for SCSS.
Maximum SCSS deposit is ₹30 lakh per account
Quarterly interest payout
₹20,500
Annual interest
₹82,000
SCSS does not compound interest inside the scheme because interest is paid out quarterly. The maturity amount is the original investment amount, while total amount received includes all interest payouts plus principal returned at maturity.
The Senior Citizen Savings Scheme Calculator (SCSS) helps you estimate the interest you can earn from the Senior Citizen Savings Scheme. It shows quarterly interest payout, annual interest, total interest, maturity amount, and optional post-tax results.
SCSS is a government-backed savings scheme for senior citizens who want regular income and safety of capital. You invest a lump sum, receive interest quarterly, and get your principal back at maturity.
Senior Citizen Savings Scheme (SCSS) is a savings scheme for senior citizens where you invest a lump sum amount, receive interest every quarter, and get your original amount back when you withdraw at maturity.
SCSS does not compound interest inside the scheme because interest is paid out quarterly. The maturity amount equals your original investment, while total amount received includes all quarterly interest payouts plus principal returned at maturity.
An SCSS calculator helps you estimate your income before investing. It can show:
This is especially useful for planning retirement income for senior citizens.
SCSS interest is calculated on the investment amount and paid quarterly using simple interest.
Formula: Quarterly Interest = Investment Amount × Annual Interest Rate ÷ 4
Example: Investment Amount = ₹10,00,000, Annual Interest Rate = 8.2%
Quarterly Interest = ₹10,00,000 × 8.2% ÷ 4 = ₹20,500
So if you invest ₹10,00,000 at 8.2% interest, you may receive ₹20,500 every quarter before tax.
| Investment Amount | Quarterly Interest (at 8.2%) |
|---|---|
| ₹1,00,000 | ₹2,050 |
| ₹5,00,000 | ₹10,250 |
| ₹10,00,000 | ₹20,500 |
| ₹15,00,000 | ₹30,750 |
| ₹20,00,000 | ₹41,000 |
| ₹30,00,000 | ₹61,500 |
The calculator uses the following logic:
Optional post-tax calculations when a tax rate is entered: