Savings
SCSS Calculator
Government-backed savings for seniors — quarterly payout and maturity at the current 8.2% rate.
Deposit details
Max ₹30 L per individual
Q3 FY 2024-25: 8.2%
5 yrs default, extendable by 3
Maturity value
₹21,15,000
5 years @ 8.2%
- Quarterly interest
- ₹30,750
- Monthly equivalent
- ₹10,250
- Yearly interest
- ₹1,23,000
- Total interest
- ₹6,15,000
Interest paid every quarter. Principal returned at maturity. Taxable at slab; principal qualifies for 80C.
Deposit vs interest
- Deposit
- Interest
Total: ₹21.15 L
Formula
How the math works
Quarterly interest = P × rate / 4; Maturity = P + Total Interest
- P
- One-time deposit (₹1,000 to ₹30 L)
- Rate
- 8.2% (Q3 FY 2024-25)
- Tenure
- 5 years (extendable by 3)
Method
How it works
- 1
Enter your one-time deposit (max ₹30 L per person).
- 2
Pick the current SCSS rate — 8.2% p.a.
- 3
Choose tenure — 5 years default, extendable by 3.
- 4
CalcPe shows quarterly, monthly-equivalent and total interest plus maturity.
Worked example
A quick walkthrough
Inputs
Deposit ₹15 L at 8.2% for 5 years.
Steps
- Quarterly = 15,00,000 × 8.2% / 4 = ₹30,750
- Total quarters = 20
- Total interest = ₹6.15 L
Result
Quarterly payout ₹30,750 · maturity ₹21.15 L.
Why use it
Why CalcPe’s Senior Citizen Savings Scheme (SCSS) Calculator
- Highest guaranteed rate for seniors (8.2%).
- Sovereign-backed — capital fully safe.
- Regular quarterly income for retirees.
- 80C deduction on principal deposit (up to ₹1.5 L).
FAQ
Frequently asked questions
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