Senior Citizens Savings Scheme (SCSS)

Quarterly income for retirees.

Deposit

₹

₹1,000₹30 L

Interest rate

5%10%

Quarterly interest: ₹30,750
Monthly equivalent: ₹10,250
Total interest (5 yrs): ₹6,15,000
Maturity (principal back): ₹15,00,000

How it works

SCSS is open to those 60+ (55+ for some retirees). Up to ₹30 lakh, 5-year tenure (extendable by 3), interest paid quarterly and taxable. Deposits qualify for Section 80C.

For education only. Returns are assumptions, not guarantees.

More savings schemes calculators

PPF Calculator

Public Provident Fund maturity over 15 years.

EPF Calculator

Provident fund corpus at retirement with salary growth.

NPS Calculator

National Pension System corpus, lump sum and pension.

FD Calculator

Fixed deposit maturity with quarterly compounding.

RD Calculator

Recurring deposit maturity.

Sukanya Samriddhi (SSY) Calculator

Girl-child savings scheme maturity at 21 years.

Loading calculator…