Senior Citizen Savings Scheme (SCSS)

Calculate quarterly interest income, maturity amount, and total returns from SCSS. The highest-yield government-backed savings scheme for senior citizens.

Senior Citizens Savings Scheme (SCSS) Calculator

Quarterly interest income and total return from SCSS at 8.2% p.a.

Investment amount Rs 15L
Rs 1KRs 30L
Rs
Interest rate 8.2% p.a.
6%10%
%
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Scheme details based on current government rules. Always verify latest eligibility and benefits at official portals before applying.

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SCSS currently offers 8.2% p.a. (Q1 FY2026) — the highest rate among all small savings schemes and significantly above FD rates for senior citizens. It is government-backed (sovereign guarantee), tax-free up to Rs 50,000 under Section 80TTB, and pays interest quarterly directly to your bank account. Maximum investment: Rs 30 lakh per individual, Rs 60 lakh for a couple. For retirees, SCSS is the closest thing to a government pension.

Senior Citizens Savings Scheme (SCSS) Calculator

Calculate quarterly interest income, maturity amount, and total returns from SCSS. The highest-yield government-backed savings scheme for senior citizens.

Frequently asked questions

What is the current SCSS interest rate?▼
SCSS interest rate for Q1 FY2026-27 (April–June 2026) is 8.2% per annum, paid quarterly. The rate is reviewed every quarter by the Ministry of Finance. It has remained above 8% for several quarters, making it one of the best risk-free options for senior citizens. The rate applicable at the time of investment is locked in for the 5-year tenure.
Who can invest in SCSS?▼
SCSS is available for: (1) Individuals aged 60 years or above, (2) Retired government employees aged 55–60 who retired on superannuation, and (3) Ex-defence personnel aged 50–60. Joint accounts are allowed with spouse only. Investment must be made within one month of receiving retirement benefits for the 55–60 age category.
Can I have multiple SCSS accounts?▼
Yes, you can open multiple SCSS accounts at different post offices or banks, but the total investment across all accounts cannot exceed Rs 30 lakh (enhanced from Rs 15 lakh in 2023). Accounts can be opened at any authorised bank (SBI, nationalised banks, private banks) or post office.

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