What is the SCSS Calculator?

The SCSS Calculator helps you calculate the quarterly interest payout and total maturity amount under the Senior Citizen Savings Scheme (SCSS). This scheme is a safe and government-backed savings plan for Indian citizens aged 60 years and above.

This tool gives a quick idea of how much fixed income a senior citizen can earn by investing in SCSS for 5 years.

Why Use This Calculator?

To know how much quarterly income you will receive
To plan safe, fixed-income sources after retirement
To estimate total interest earnings over 5 years
To compare SCSS returns with bank FDs or PMVVY

This calculator is especially useful for retirees, pensioners, and financial planners looking for low-risk income options.

How to Use the Calculator

Enter the investment amount (maximum ₹30 lakh from April 2023 onwards).
Enter the current interest rate (e.g., 8.2% per annum as per latest update).
Click Calculate or see the result instantly.

The calculator shows:

Quarterly interest (every 3 months)
Total interest earned in 5 years
Total maturity amount

No login or personal info is required.

Tips and Insights

SCSS is only available to citizens aged 60+ or retired government employees (with conditions).
The interest is paid quarterly, not monthly.
The scheme has a 5-year lock-in period, extendable by 3 years.
SCSS is a safe, government-guaranteed savings option.
Investment in SCSS is eligible for Section 80C deduction, but interest earned is taxable.