Investment₹0Principal invested
SCSS Calculator — Senior Citizens Savings Scheme Returns
Calculate quarterly interest and maturity for SCSS deposits
Browse more in Post Office schemes
SCSS Calculator
Rates: Q1 FY 2025-26·Updated 1 Apr 2025·Verify on India Post
Official indicative rate: 8.2% p.a.
%
Pre-filled with the notified India Post rate. Adjust to model a different rate.
Max ₹9 lakh
₹
Five LakhTenure
5 yearsLocked
SCSS has a 5-year tenure (extendable once by 3 years after maturity).
Fixed tenures follow India Post scheme rules and cannot be changed in this calculator. Verify onindiapost.gov.in.
Adjust the inputs above to see your results here.
Total interest₹0Returns generated
Estimated
Investment + total interest₹0Estimated final valueInvestment Summary
Updated instantly as you change values.
Payout
Quarterly interest₹0Paid out during tenure; principal returned at maturityInvestment Breakdown
Investment
₹00%
Total interest
₹00%
Key Insights
- Government-backed India Post small savings scheme
- Verify latest rates on indiapost.gov.in
Year-wise breakdown
| Year | Principal (A) | Interest (B) | Total (A + B) | Balance |
|---|
About this calculator
In-depth guide for the SCSS calculator — formulas, examples, and official sources for India.
Introduction
Senior Citizens Savings Scheme is for individuals 60+ (55+ if retired under VRS). 5-year tenure, extendable once by 3 years.
What this calculator does
Calculate quarterly interest and total returns from post office SCSS. Interest is paid quarterly to your account; principal is returned at maturity. Interest is taxable.
Who should use this calculator
India Post account holders and savers comparing small savings schemes. Use this tool if you want a clear estimate before speaking with a bank, post office branch, or tax advisor.
- ₹15,00,000 in SCSS at 8.2% → ≈ ₹30,750 quarterly interest
- Maximum investment ₹30 lakh (combined with spouse)
SCSS limits and eligibility
Maximum ₹30 lakh combined across SCSS accounts (including spouse). Higher limit than MIS — good for seniors with larger corpus seeking quarterly income.
Formula used
Formula
Quarterly interest = P × r / 4Variable explanation
- Input: Deposit amount (₹)
- SCSS investment (max ₹30 lakh combined).
- Input: Interest rate (% p.a.)
- Notified SCSS rate.
- Output: Quarterly interest (₹)
- Paid to your account.
- Output: Total interest (₹)
- Over 5-year tenure.
Example calculation
- Step 1
Enter deposit within ₹30 lakh limit.
- Step 2
Confirm rate.
- Final answer
Read quarterly payout.
How to use
Locate the calculator form at the top of this page.
Enter your values using the units shown (₹, %, years, or as labelled).
Review the instant result, charts, or schedules in the output panel.
Adjust inputs to compare scenarios before making a financial decision.
Benefits
Free to use with instant browser-based results — no signup.
Built for Indian rates, tax years, and units.
Includes worked examples and FAQs on every page.
Limitations
Quarterly interest payout
5-year tenure extendable once by 3 years
Age eligibility: 60+ or 55+ under VRS rules.
Tips
Open at post office or authorised bank.
Compare quarterly payout with MIS monthly income.
Common mistakes
Exceeding combined ₹30 lakh limit across spouse accounts.
Frequently asked questions
Are these the official India Post rates?
India Post revises small savings rates quarterly. Verify before investing. This calculator is for planning only.
Who qualifies for SCSS?
Indian residents aged 60+. Age 55+ allowed under specific retirement/VRS rules.
What is the SCSS investment limit?
Maximum ₹30 lakh combined across all SCSS accounts including spouse.
How often is SCSS interest paid?
Quarterly to your linked savings account.
Is SCSS interest taxable?
Yes. Interest is fully taxable. TDS may apply above threshold.
SCSS vs MIS — which pays more frequently?
MIS pays monthly; SCSS pays quarterly. SCSS allows higher deposit limits for seniors.
Related guides
Government references
- India Post — indiapost.gov.in (small savings rates)
- Senior Citizens Savings Scheme rules
- India Post — (small savings rates)indiapost.gov.in
Conclusion
Plan quarterly retirement income with SCSS for seniors seeking higher limits than MIS.