Senior Citizens Savings Scheme Calculator
Estimate SCSS maturity amount, quarterly interest income, and returns
Max Rs 30 lakh • Unit: ₹
Current SCSS rate • Unit: %
5 years, extendable by 3 • Unit: years
Quarterly Interest Payout
₹30,750
Total Interest Earned
₹6,15,000
Maturity Amount
₹21,15,000
How this calculator works
SCSS calculator — quarterly interest payout, maturity amount, and effective returns for Senior Citizens Savings Scheme.
Quick tips
- •SCSS interest is taxable but qualifies for TDS exemption if total interest is below Rs 50,000 (Form 15H).
- •Investment up to Rs 1.5 lakh qualifies for Section 80C deduction.
- •The scheme can be extended for 3 additional years after the 5-year maturity.
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Senior Citizens Savings Scheme Calculator
This SCSS calculator estimates your quarterly interest income and total returns from the Senior Citizens Savings Scheme, one of the highest-yielding government-backed instruments.
Formula: Quarterly Interest = Principal × Annual Rate / 4; Maturity = Principal + Total Interest
- SCSS interest is taxable but qualifies for TDS exemption if total interest is below Rs 50,000 (Form 15H).
- Investment up to Rs 1.5 lakh qualifies for Section 80C deduction.
- The scheme can be extended for 3 additional years after the 5-year maturity.
Frequently Asked Questions
Who can invest in SCSS?
Indian residents aged 60+ or those who retired on superannuation/VRS at 55+. Maximum investment is Rs 30 lakh per individual.
How is SCSS interest paid?
Interest is paid quarterly on April 1, July 1, October 1, and January 1 directly to your bank account.