SCSS calculator, see the steady income the scheme pays you.
Calculate quarterly interest payout, total interest, maturity amount, and post-tax interest for SCSS.
Interest every quarter
₹20,500₹20,500
₹20,500
- Invested
- ₹10.00 Lakhs₹10,00,000
- Total interest
- +₹4.10 Lakhs₹4,10,000
What you receive, payout by payout.
- Every month (equivalent)
- ₹6,833
- Every year
- ₹82,000
- Quarterly payouts
- 20
- Maturity amount
- ₹10,00,000
- Total received
- ₹14,10,000
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Senior Citizen Savings Scheme Calculator
The Senior Citizen Savings Scheme Calculator (SCSS) helps you estimate the interest you can earn from the Senior Citizen Savings Scheme. It shows quarterly interest payout, annual interest, total interest, maturity amount, and optional post-tax results.
SCSS is a government-backed savings scheme for senior citizens who want regular income and safety of capital. You invest a lump sum, receive interest quarterly, and get your principal back at maturity.
What is the Senior Citizen Savings Scheme?
Senior Citizen Savings Scheme (SCSS) is a savings scheme for senior citizens where you invest a lump sum amount, receive interest every quarter, and get your original amount back when you withdraw at maturity.
SCSS does not compound interest inside the scheme because interest is paid out quarterly. The maturity amount equals your original investment, while total amount received includes all quarterly interest payouts plus principal returned at maturity.
Why use an SCSS calculator?
An SCSS calculator helps you estimate your income before investing. It can show:
- Quarterly interest payout
- Annual interest income
- Monthly interest equivalent
- Total interest earned over tenure
- Maturity amount
- Total amount received
- Post-tax interest, if you enter a tax rate
This is especially useful for planning retirement income for senior citizens.
How is SCSS interest calculated?
SCSS interest is calculated on the investment amount and paid quarterly using simple interest.
Formula: Quarterly Interest = Investment Amount × Annual Interest Rate ÷ 4
Example: Investment Amount = ₹10,00,000, Annual Interest Rate = 8.2%
Quarterly Interest = ₹10,00,000 × 8.2% ÷ 4 = ₹20,500
So if you invest ₹10,00,000 at 8.2% interest, you may receive ₹20,500 every quarter before tax.
| Investment Amount | Quarterly Interest (at 8.2%) |
|---|---|
| ₹1,00,000 | ₹2,050 |
| ₹5,00,000 | ₹10,250 |
| ₹10,00,000 | ₹20,500 |
| ₹15,00,000 | ₹30,750 |
| ₹20,00,000 | ₹41,000 |
| ₹30,00,000 | ₹61,500 |
SCSS calculator formulae
The calculator uses the following logic:
- Quarterly Interest = Investment Amount × Annual Interest Rate ÷ 4
- Annual Interest = Investment Amount × Annual Interest Rate
- Monthly Interest Equivalent = Annual Interest ÷ 12
- Number of Quarterly Payouts = Tenure × 4
- Total Interest = Annual Interest × Tenure
- Maturity Amount = Investment Amount
- Total Amount Received = Investment Amount + Total Interest
Optional post-tax calculations when a tax rate is entered:
- Post-Tax Quarterly Interest = Quarterly Interest × (1 − Tax Rate)
- Post-Tax Annual Interest = Annual Interest × (1 − Tax Rate)
- Post-Tax Total Interest = Post-Tax Annual Interest × Tenure
- Post-Tax Total Amount Received = Investment Amount + Post-Tax Total Interest
Illustrative only. SCSS rates are set by the Government each quarter and the rate you lock in applies for the tenure. Interest is taxable at your slab rate; tax deducted at source may apply. Zomint's director, Shavir Bansal, is an AMFI-Registered Mutual Fund Distributor (ARN-321107).© 2026 Zomint Tech Pvt Ltd. All rights reserved.