SCSS Calculator
Senior Citizens Savings Scheme — calculate quarterly payout, maturity, and 80C tax saving.
Quarterly Payout
₹30.75 K
Paid every 3 months for 5 years
Principal
₹15.00 L
Total Interest
₹6.15 L
Maturity Amount
₹21.15 L
Tax Saving under 80C
₹30.00 K
Monthly Income
₹10.25 K
Notes
SCSS interest is fully taxable as income from other sources. Principal up to ₹1.5L qualifies for 80C deduction in the year of deposit. Payouts happen every quarter (31 March, 30 June, 30 Sep, 31 Dec).
SCSS Calculator visual insights
Maturity value
₹7.05 L
Interest Earned
₹2.05 L
How to Use This Calculator
Enter Amount
Set your loan amount or investment using the slider or input field.
Set Rate & Tenure
Adjust the interest rate and time period to match your scenario.
Get Results
See your EMI, total interest, and full payment breakdown instantly.
Share & Plan
Share the result link or download the amortization schedule as PDF.
About SCSS Calculator
SCSS Calculator helps you project retirement corpus, pension, provident fund value, and long-term savings maturity using India-focused assumptions and INR formatting. Senior Citizens Savings Scheme — calculate quarterly payout, maturity, and 80C tax saving.
This tool is useful for Indian families and salaried employees planning PPF, EPF, NPS, pension, gratuity, and small-savings schemes. It is designed for quick planning before comparing bank offers, investment options, tax choices, or scheme rules with a qualified professional.
The calculations are tailored for users in India and use Indian number formatting, rupee values, and locally relevant finance terms wherever applicable.
Results are estimates for education and planning. Final decisions should use official documents, lender statements, scheme rules, tax notices, or advice from a qualified professional.
Frequently Asked Questions
Who can open an SCSS account?
Any Indian resident aged 60+, or retirees aged 55-60 investing retirement benefits within one month, or defence retirees aged 50+ subject to conditions.
What is the current SCSS interest rate?
SCSS interest rate is 8.2% p.a. for Q1 FY 2026-27, paid quarterly. Rates are reviewed each quarter by the Ministry of Finance.
What is the maximum SCSS deposit?
₹30 lakh per individual across all SCSS accounts, with a minimum deposit of ₹1,000. The principal qualifies for Section 80C deduction up to ₹1.5 lakh.
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Methodology & Formulas
All formulas used here comply with RBI guidelines and standard Indian financial conventions. Calculators are updated for FY 2026–27.
Last updated: April 2026