Calculator
SCSS calculator
Retirement income you can set your watch by — paid every quarter.
60+ years (55+ on retirement). Max ₹30L. 5-year tenure, extendable once by 3 years.
- Quarterly payout₹30,750
- Total interest over 5y₹6.15 L
- Total received (principal back)₹21.15 L
Hover a segment for value + share.
Current rate 8.2% (Q2 FY2026-27), paid quarterly. Deposits get 80C up to ₹1.5L, but interest is fully taxable (TDS if above ₹50k/year for seniors).
What this calculator answers
₹15,00,000 in SCSS at 8.2% pays ₹30,750 every quarter for five years — ₹6,15,000 of interest in total — and returns the deposit at maturity. Enter the deposit to see the quarterly income.
How it is calculated
Quarterly payout = deposit × rate ÷ 4, totalled over the five-year term, with the deposit returned at maturity.
Rate default 8.2% (Q2 FY2026-27) for the five-year term. SCSS interest is taxable at your slab and the deposit does not qualify for 80C.
Common questions
Who can open SCSS?
It is for senior citizens aged 60 and above, with a few earlier-retirement cases allowed, and the deposit is capped by the scheme — the slider tops out at ₹30,00,000 here.
Is the payout monthly or quarterly?
SCSS pays interest quarterly, so the figure shown is per quarter. Multiply it by four for the annual income.
Is SCSS interest taxed?
Yes, at your slab rate, and TDS can apply above the threshold. Section 80TTB allows deposit interest up to ₹50,000 as a deduction for senior citizens in the old regime.
Source & freshness
- Source
- Deterministic formula in lib/calculators.ts
- Timeliness
- Static-verified
- Method
- calculated
- Note
- Illustrative projection from your inputs — not a market quote.