Senior Citizen Savings Scheme Calculator

Calculate quarterly interest income from SCSS investment.

Investment Details

Investment Amount₹15,00,000

₹1,000₹30,00,000

Maximum limit: ₹30 Lakh

Interest Rate (% p.a.)8.2%

5%12%

Current rate: 8.2% (Q4 FY24) - Highest among small savings

Tenure

5 Years

Extendable by 3 years

Quarterly Interest

₹30,750

Paid on 1st Apr, Jul, Oct, Jan

Monthly Equivalent

₹10,250

Annual Interest

₹1,23,000

Total Interest (5 years)₹6,15,000

Maturity Amount₹21,15,000

TDS (10% above ₹50K)₹7,300/yr

Age Requirement

60+ years (55+ for VRS/retired defense)

80C Benefit

Up to ₹1.5 lakh deduction

Highest Rate

Best rate among small savings schemes

Regular Income

Quarterly interest payout

Government Backed

100% safe, sovereign guarantee

Joint Account

Can open with spouse