SCSS Calculator
Updated July 2026
Estimate your quarterly payout and total interest from the Senior Citizen Savings Scheme — a 5-year government scheme for those 60 and above.
SCSS Calculator
Frequently Asked Questions
Who can invest in SCSS?
Individuals aged 60+ (or 55+ for retired defence personnel, 50+ for other retired employees under specific conditions), with a maximum deposit of ₹30,00,000.
How is SCSS interest paid?
Quarterly, directly to your account — it is simple interest, not compounded, so the payout amount stays constant unless the scheme's rate is revised.
Is SCSS interest taxable?
Yes, fully taxable at your slab rate. TDS is deducted if total interest in a year exceeds ₹50,000.