SCSS Calculator — Senior Citizen Savings Scheme
This SCSS calculator works out the quarterly payout, total interest and maturity value of a Senior Citizen Savings Scheme deposit — a government-backed scheme for Indians aged 60 and above (55+ for VRS or superannuation retirees who invest within a month of receiving their retirement funds, 50+ for retired defense personnel). Unlike PPF or NSC, SCSS pays interest out every quarter as simple interest rather than compounding it, so your principal is returned unchanged at maturity. Enter your deposit and the current rate to see all three figures.
Minimum ₹1,000, maximum ₹30,00,000 per individual (raised from ₹15,00,000 in Budget 2023) — deposits above the limit are not accepted.
Set by the government every quarter — currently 8.2% for the Jan–Mar 2026 quarter. The rate is locked in for your full 5-year tenure once you open the account.
Quarterly payout
सेव करने के लिए लॉग इन करें₹30,750
Paid directly to your linked savings account every quarter — SCSS distributes interest rather than compounding it.
The original principal, returned at the end of the 5-year term — interest was already paid out to you quarterly, not added to this amount.
Frequently asked questions
Who is eligible to open an SCSS account?+
Indian residents aged 60 and above can open an SCSS account. Retirees aged 55–60 who took voluntary retirement (VRS) or superannuation can also open one, provided they invest within one month of receiving their retirement funds. Retired defense personnel are eligible from age 50.
Why doesn't the maturity value include the interest I earned?+
Because SCSS pays interest out quarterly rather than compounding it — by the time your account matures, all the interest has already been credited to your linked savings account in 20 quarterly installments. The maturity value shown here is just your original principal, returned intact. Add up the quarterly payouts yourself if you want your true total return.
Can I extend my SCSS account after 5 years?+
Yes — SCSS can be extended once, for a further 3 years, within one year of the original maturity date. The extended account typically earns interest at the rate applicable on the date of extension, not the original rate, so check the current rate at that time.