SCSS Calculator
Calculate quarterly payouts from a Senior Citizen Savings Scheme deposit.
Your inputs
SCSS pays interest out quarterly rather than compounding it — the standard tenure is 5 years, extendable by 3 more. Maximum deposit is ₹30 lakh.
Estimates only. Figures are indicative and do not constitute financial advice.
About the SCSS Calculator
Retirees searching "SCSS calculator," "senior citizen savings scheme calculator," or "post office senior citizen scheme calculator" want to know their regular quarterly income from a deposit — one of the most popular post-retirement income instruments in India, backed by the government and typically offering among the highest interest rates of any small savings scheme.
Unlike PPF or NSC, SCSS pays interest out every quarter rather than compounding it back into your balance — making this calculator's quarterly payout figure directly useful for retirement income planning, since that's actual cash you'll receive four times a year for the scheme's standard 5-year tenure (extendable by 3 more years). Available to individuals 60 and above (or 55+ under certain retirement schemes), with a maximum deposit of ₹30 lakh per individual, SCSS is often a core building block of a retiree's regular monthly or quarterly income alongside pension and annuity income — and for many families, deciding how much of a retirement corpus to put into SCSS versus other options like POMIS or a senior citizen FD is one of the first real financial-planning decisions to make right after retirement.
How to use this calculator
- Enter your deposit amount.
- Enter the current SCSS interest rate.
- Set your holding period.
- See your quarterly payout and total interest.
Frequently asked questions
›Who is eligible for the Senior Citizen Savings Scheme?
Individuals aged 60 and above, or 55+ for those who've retired under a voluntary or special retirement scheme, subject to specific conditions on how soon they invest after retirement.
›How often is SCSS interest paid out?
Quarterly — interest is credited to your linked savings account every three months rather than compounding back into the SCSS deposit.
›Is SCSS interest taxable?
Yes, SCSS interest is fully taxable as per your income tax slab, and TDS applies if your total interest income exceeds the prescribed threshold.
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Read the full guide
Senior Citizen Savings Scheme (SCSS): Quarterly Payout Explained