Calculate quarterly interest income and total returns under the Senior Citizen Savings Scheme.
Result
Interest credited quarterly. Maximum deposit limit ₹30 Lakh per senior citizen.
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Quarterly Interest = Deposit × (Rate / 100) / 4
₹15 Lakh deposit at 8.2% interest.
Quarterly Payout: ₹30,750 | Annual Income: ₹1,23,000 | 5-Year Total Interest: ₹6,15,000.
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Open calculatorThe maximum deposit limit for an individual in SCSS is ₹30 Lakh (raised from ₹15 Lakh in Budget 2023).
Interest is credited quarterly on the first working day of April, July, October, and January directly to your bank or post office savings account.
SCSS provides government-guaranteed quarterly income for individuals aged 60 and above, offering competitive yields with Section 80C tax deduction benefits at entry.