SCSS Calculator 2026 (Senior Citizens Savings Scheme)

Calculate government-backed 8.2% p.a. quarterly interest income for senior citizens (up to ₹30 Lakh limit)

SCSS Deposit Inputs

Deposit Amount (₹)

Quarterly Payout (4x / Year)₹30,750 / quarter

Annual Payout: ₹1.23 L (at 8.2% p.a.)

5-Yr Total Interest₹6.15 L

Sec 80C Tax Deduction₹1.50 L

5-Year SCSS Payout Schedule

Year	Quarterly Interest	Annual Interest Paid	Cumulative Interest	Maturity Repayment
Year 1	₹30,750 / qtr	₹1.23 L	₹1.23 L	₹15.00 L
Year 2	₹30,750 / qtr	₹1.23 L	₹2.46 L	₹15.00 L
Year 3	₹30,750 / qtr	₹1.23 L	₹3.69 L	₹15.00 L
Year 4	₹30,750 / qtr	₹1.23 L	₹4.92 L	₹15.00 L
Year 5	₹30,750 / qtr	₹1.23 L	₹6.15 L	₹15.00 L

Retiree Security

Senior Citizen Savings Scheme (SCSS): The Premier Guaranteed Income Anchor for Retirees

The Senior Citizen Savings Scheme (SCSS) is a 5-year central government savings scheme tailored for individuals aged 60 and above. Backed by sovereign guarantee and offering an 8.2% interest rate paid quarterly, it allows seniors to deposit up to ₹30 Lakhs (or ₹60 Lakhs jointly for senior spouses) to secure predictable, risk-free retirement income.

Sovereign & Pension Framework

Senior Citizens Savings Scheme (SCSS) FAQs

Important details on eligibility, interest payments, and tax rules.

How frequently is interest disbursed in SCSS accounts?

SCSS interest is credited automatically every quarter on the first working day of April, July, October, and January directly into the retiree’s savings account.

Can retired individuals below age 60 invest in SCSS?

Yes. Individuals who have opted for voluntary retirement (VRS) or superannuation between age 55 and 60, and retired defense personnel aged 50 and above, are eligible provided they invest within 1 month of receiving retirement benefits.