Senior Citizen Savings Scheme (SCSS)
Calculate quarterly interest income with 8.2% sovereign guarantee
Max ₹30,00,000 limit
Govt Rate: 8.2% p.a.
Presets:
Quarterly Payout Summary
Guaranteed Quarterly Payout
₹30,750 / Quarter
Equivalent to ₹10,250 / Month
Total Principal Deposited:₹15,00,000
Annual Interest Income:₹1,23,000 / yr
Total 5-Yr Interest:₹6,15,000
Tax Benefit:Section 80C (up to ₹1.5L)
Frequently Asked Questions
The government allows a maximum deposit of ₹30,00,000 (₹30 Lakhs) per individual senior citizen.
SCSS pays interest on a quarterly basis (credited on March 31, June 30, September 30, and December 31).
Investments in SCSS qualify for tax deduction under Section 80C up to ₹1.5 Lakhs per financial year.