How to use it
- 1.Enter the deposit amount.
- 2.Enter your age and eligibility category.
- 3.Use the current notified rate.
- 4.Choose the 5-year term or the 8-year term with extension.
Updated
SCSS Calculator
The SCSS calculator applies the rate you enter to a one-time deposit and shows the quarterly interest, annual interest, total interest over the base term or the extended term and the principal returned. Change every input and see the estimate update immediately.
Adjust your assumptions
₹
₹1,000₹30,00,000
years
50100
%
012
Your estimate
₹10,250
Quarterly interest
SCSS deposit
₹5,00,000
Annual interest
₹41,000
Interest over selected term
₹2,05,000
Principal returned at maturity
₹5,00,000
Early-retiree routes also depend on retirement and deposit timing. Confirm eligibility before opening an account.
Educational estimate only. Methodology 2026.08. This is not a return promise, loan offer, tax filing or financial recommendation.
Results are estimates for learning and planning only. Tax rules, interest rates and scheme terms change from time to time, and your actual figures may differ. Please talk to a qualified financial advisor or chartered accountant before making any financial decision.
SCSS Calculator: what it calculates.
The Senior Citizens' Savings Scheme (SCSS) is a government-backed deposit for people aged 60 or above, and for some early retirees. It pays interest every quarter rather than adding it to the deposit, so it is used for a regular income. The deposit is returned at the end of the term.
The SCSS calculator applies the rate you enter to a one-time deposit and shows the quarterly interest, annual interest, total interest over the base term or the extended term and the principal returned. It also checks the age and retirement category you select.
How the calculation works.
Quarterly interest = Deposit × rate ÷ 4
- The deposit must be in multiples of ₹1,000, up to ₹30 lakh.
- The rate used here is 8.2%; it is notified quarterly and is fixed for the term at the time of deposit.
- Interest is paid out each quarter and not compounded.
- The base term is 5 years, and one 3-year extension makes it 8 years.
Worked example. A ₹30 lakh deposit at 8.2% pays ₹61,500 every quarter, or ₹2,46,000 a year. Over the 5-year term that is ₹12.3 lakh of interest, and the ₹30 lakh deposit is returned at maturity.
What it helps with
- Shows the regular quarterly income clearly.
- Shows total interest over 5 or 8 years.
- Flags an age or category that may not be eligible.
What it does not include
- The extension is assumed at the same rate, but the rate applicable at the time of extension may differ.
- Interest is taxable and TDS may apply; tax is not calculated.
- Premature closure penalties are not modelled.
- Rates and limits change; confirm with India Post or your bank.
Rule basis: Government savings rules 2026-27
Effective 2026-04-01. Reviewed 2026-08-10.
Review again after 2027-03-31.
Policy-linked estimates can become stale. Confirm current eligibility, rates, limits and filing treatment before acting.
Common questions.
Does SCSS compound interest until maturity?
No. SCSS pays interest quarterly. This calculator keeps the principal separate and shows the quarterly payout.
Can SCSS be extended beyond five years?
The base term is five years and the scheme permits a separate three-year extension under the applicable rules.
What is a SCSS Calculator?
It is an educational tool that applies the disclosed SCSS projection method to the assumptions you enter.
Are the results guaranteed?
No. Results are estimates, not forecasts, approvals, quotations or guarantees.
Why should I change the assumptions?
Testing conservative and optimistic inputs exposes uncertainty instead of hiding it behind one number.
Does it include tax and fees?
Only when a tax or fee is shown as an explicit input or result. Otherwise it is excluded.
How accurate is the calculator?
The mathematics follows the stated methodology, while real outcomes depend on rates, timing, rules, fees and circumstances.
Can I use this result as financial advice?
No. Use it for education and scenario comparison, then verify decisions with official documents or a qualified professional.
Why is inflation shown?
Inflation translates a future amount into approximate present-day purchasing power. The default 6% is editable and is not a forecast.
How often should I recalculate?
Recalculate when rates, income, contributions, rules, goals or repayment terms change.
Can the result differ from a bank or platform?
Yes. Institutions may use different compounding dates, rounding, charges and eligibility rules.
Is my data uploaded?
No. Calculations run locally in your browser and the input values are not sent to a calculation server.