Senior Citizens Savings Scheme (SCSS) Calculator
Quarterly interest and total returns from SCSS at the current 8.2% rate, with deposits up to ₹30 lakh.
Result
How to use
- 1
Enter the amount you want to deposit (up to ₹30 lakh).
- 2
Check the interest rate and choose the term.
- 3
See the interest you get every quarter and the total over the term.
Questions
What is the current SCSS interest rate?
8.2% a year for October–December 2026 (Q3 FY 2026-27), unchanged by the Ministry of Finance on 30 September 2026. Interest is paid every quarter, on the first working day of April, July, October and January.
Who can open an SCSS account?
Individuals aged 60 or above; retired people aged 55–60 who invest within one month of getting retirement benefits; and retired defence personnel aged 50–60. The maximum deposit is ₹30 lakh per person, and the account matures in 5 years, extendable by 3 years at the rate then in force.
Is SCSS interest taxable?
Yes, at your slab rate. Under the old regime the deposit qualifies for the ₹1.5 lakh deduction. Banks and post offices deduct TDS if interest crosses ₹1 lakh a year for senior citizens; submit Form 15H if your total tax is nil.
About this SCSS tool
Senior Citizens Savings Scheme (SCSS) Calculator — Quarterly interest and total returns from SCSS at the current 8.2% rate, with deposits up to ₹30 lakh. It is one of 200 free tools on namasivayam.in, made by software engineer Namasivayam Vadivelan for everyday use in India.
Everything is calculated instantly in your browser: nothing you type or upload is sent to any server, there is no sign-up, and it works on mobile and desktop. Enter the amount you want to deposit (up to ₹30 lakh).
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Results are estimates to help you plan. They are not financial, tax or medical advice.