SCSS quarterly interest income. The Senior Citizen Savings Scheme Calculator takes amount invested (max ₹30 lakh), interest rate and returns quarterly interest plus yearly interest, total interest over 5 years, monthly equivalent. Results update as you type, and the formula is shown under the result so you can repeat it in your own spreadsheet.
Government-backed schemes publish their interest rates quarterly and market-linked funds do not guarantee returns. Enter the current rate for the scheme and treat market-return assumptions as scenarios rather than promises. Use the worked example below to check the maths against your own figures.
How the Senior Citizen Savings Scheme Calculator works
SCSS pays interest quarterly for a five-year term (extendable by three years) to investors aged 60 and above. Deposits qualify under 80C; interest is taxable and TDS applies above ₹1 lakh a year.
Worked example
With the example values (amount invested (max ₹30 lakh) of ₹3,000,000, interest rate of 8.2%), the quarterly interest is ₹61,500.00; yearly interest ₹246,000.00, total interest over 5 years ₹1,230,000.00, monthly equivalent ₹20,500.00. Change any figure above and the result updates immediately; use Copy results to paste the summary into a note or email.
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Frequently Asked Questions
How is quarterly interest calculated?
quarterly interest = amount × rate ÷ 4.
Which figures do I need?
Amount invested (max ₹30 lakh), interest rate. Take them from the same period and the same set of accounts or reports so the ratio is consistent, and check the example values as a guide to the units expected.
Is the interest rate fixed?
Small-savings rates are reviewed by the government every quarter and bank rates change with policy; market-linked schemes have no fixed rate at all. Enter the current rate for your scheme and revisit the result when rates change.
