SCSS Calculator

Calculate the quarterly interest payout and total interest on a Senior Citizen Savings Scheme (SCSS) deposit over its 5-year term.

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Maintained & fact-checked by the GetFreeToolsAI teamUpdated 7 Aug 2026

Results are estimates based on standard formulas. For actual loan terms, tax liability, or investment returns, please consult your bank, CA, or financial advisor.

About this calculator

An SCSS calculator works out the income from the Senior Citizen Savings Scheme — a government-backed 5-year deposit for those aged 60 and above that pays interest every quarter. Enter your deposit and the current rate to see the quarterly payout and total interest.

How it works

SCSS pays simple interest quarterly: Quarterly payout = deposit × rate ÷ 4. A ₹15,00,000 deposit at 8.2% pays ₹30,750 every quarter, and about ₹6,15,000 of interest over 5 years.

Comparing options? See the FD and PPF calculators.

Why use this SCSS calculator

Quarterly income for seniors

The Senior Citizen Savings Scheme pays interest every quarter; the tool shows your regular payout and the total interest over the 5-year term.

Built around the ₹30 lakh cap

It models deposits within the scheme's maximum, so retirees can plan the income a full investment provides.

Dependable retirement cash flow

Because SCSS is government-backed with a fixed rate, the quarterly figure is reliable income you can budget around.

Common use cases

Plan quarterly income after retirement
See the payout from a full ₹30 lakh SCSS deposit
Compare SCSS income against an annuity or FD
Check the 80C benefit on your SCSS investment

Frequently asked questions

SCSS pays simple interest that's disbursed every quarter: quarterly payout = deposit × annual rate ÷ 4. The deposit itself is returned at the end of the 5-year term.

Every quarter. Unlike compounding schemes, the interest is paid out to you four times a year as income rather than being added back to the principal.

The maximum deposit is ₹30 lakh (raised from ₹15 lakh). The scheme is open to those aged 60 and above, with some exceptions for early retirees.

The government sets the SCSS rate each quarter (recently around 8.2%). Enter the current notified rate for an accurate payout figure.

Yes. The calculation runs in your browser and nothing is stored.