5-year SCSS with quarterly interest payouts for senior citizens.
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The Senior Citizen Savings Scheme (SCSS) is a government-backed savings scheme for people aged 60 and above. It pays interest every quarter for five years and returns your deposit at maturity.
Enter your deposit and the interest rate to see the quarterly payout, the total interest over five years and the amount returned.
| Deposit Amount | ₹1,500,000 |
| Annual Interest Rate | 8.2% |
| Total interest over 5 years | ₹6,15,000 |
| Quarterly payout | ₹30,750 |
| Monthly equivalent | ₹10,250 |
| Yearly interest | ₹1,23,000 |
| Deposit returned at maturity | ₹15,00,000 |
| Tax deduction under 80C (old regime) | up to ₹1.5 lakh of the deposit |
Quarterly payout ₹30,750.
| Deposit Amount | ₹3,000,000 |
| Annual Interest Rate | 8.2% |
| Total interest over 5 years | ₹12,30,000 |
| Quarterly payout | ₹61,500 |
| Monthly equivalent | ₹20,500 |
| Yearly interest | ₹2,46,000 |
| Deposit returned at maturity | ₹30,00,000 |
| Tax deduction under 80C (old regime) | up to ₹1.5 lakh of the deposit |
Quarterly payout ₹61,500; monthly equivalent ₹20,500.
Residents aged 60 or above, and certain retirees between 55 and 60 who meet the scheme conditions.
Yes. It is taxable, and TDS applies above a threshold. Investment may qualify for a deduction under Section 80C in the old tax regime.
Yes. The scheme allows a one-time extension for three years after maturity.
₹61,500 a quarter at 8.2% (₹2.46 lakh a year).