SCSS Calculator
Estimate quarterly payouts under the Senior Citizens Savings Scheme.
SCSS's interest rate is set by the government every quarter (8.2% has been common in recent years) — verify the current rate on the official India Post / NSI website. Maximum deposit is capped at ₹30,00,000 by law, available only to individuals 60+ (or 55+ for certain retirees). Interest is paid out quarterly, not compounded — it does not get reinvested automatically.
How this works
SCSS pays simple interest quarterly rather than compounding it: Quarterly payout = Deposit × rate ÷ 4. Since the interest is paid out (not reinvested), total interest over the tenure = Deposit × rate × years, and the deposit itself is returned in full at maturity.
Frequently asked questions
Is SCSS interest taxable?
Yes — unlike PPF/SSY, SCSS interest is fully taxable at your slab rate, and TDS is deducted if total interest exceeds the annual threshold.
Can I extend SCSS beyond 5 years?
Yes, it can be extended once by 3 years after the initial 5-year maturity, subject to current scheme rules at the time of extension.