👴 SCSS Calculator
The Senior Citizens' Savings Scheme (60+, or 55+ for certain retirees) pays 8.2% a year — among the highest government-guaranteed rates — as quarterly income on deposits up to ₹30 lakh, over a 5-year term extendable by 3 years.
Rules & rates verified 8 July 2026 · official rate for July–September 2026 (Q2 FY 2026-27)
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⚠️ Educational use only. Results are close estimates based on the latest published rules and standard conventions — actual figures can differ with rounding, fees, exact dates and future rate/rule changes. This is not investment, tax or legal advice; consult a SEBI-registered adviser or CA.
How it's calculated
Quarterly payout = deposit × 8.2% ÷ 4. On the ₹30 lakh maximum that is ₹61,500 per quarter (₹2.46 lakh a year). Interest is taxable; deposits qualify for 80C (old regime).
Frequently asked questions
What is the current SCSS rate?
8.2% per annum for July–September 2026, fixed for the full 5-year term at the rate prevailing when you invest — new rate changes affect only new accounts.
How much monthly income does ₹30 lakh give?
SCSS pays quarterly, not monthly: ₹61,500 a quarter ≈ ₹20,500 a month equivalent. Pair with the Post Office Monthly Income Scheme or FDs for monthly cash flow.
