SCSS Calculator
Senior Citizens Savings Scheme — government-backed, 5-year deposit at 8.2%. Quarterly interest payouts. Max ₹30L cap (since Budget 2023).
🇮🇳All amounts in ₹ INR · India tax law · FY 2025–26
Inputs
Min ₹1,000, max ₹30,00,000.
Quarterly payout
₹30,750
Annual payout
₹1,23,000
Total over 5 years
₹6,15,000
Eligibility & rules
- Age 60+, or 55+ if voluntarily retired, or 50+ if defence retired.
- 5-year tenure, extendable in 3-year blocks.
- Investment qualifies for Section 80C up to ₹1.5L.
- Interest fully taxable; TDS if interest > ₹50,000/yr.
- Premature closure: penalty 1.5% (1y), 1% (2y).
Authoritative sources
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