Quarterly income from the Senior Citizens Savings Scheme on any deposit up to ₹30 lakh
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 18 Oct 2026.The Senior Citizen Savings Scheme pays ₹61,500 every quarter on the full ₹30,00,000 deposit at 8.2% (October to December 2026): ₹2,46,000 a year and ₹12,30,000 over five years, with the deposit returned at the end. Interest lands on the first working day of April, July, October and January. Enter your deposit and date.
| Deposit | Every quarter | About a month | In 5 years |
|---|---|---|---|
| ₹5,00,000 | ₹10,250 | ₹3,417 | ₹2,05,000 |
| ₹10,00,000 | ₹20,500 | ₹6,833 | ₹4,10,000 |
| ₹15,00,000 | ₹30,750 | ₹10,250 | ₹6,15,000 |
| ₹20,00,000 | ₹41,000 | ₹13,667 | ₹8,20,000 |
| ₹30,00,000 | ₹61,500 | ₹20,500 | ₹12,30,000 |
Rates and rules read from the sources listed on this page (the earliest on 18 Oct 2026); they may have changed since.
Set the "Deposit" you plan to place in the scheme, up to 30 lakh.
Check the "Interest rate" against the notified rate shown beneath it.
Pick the "Deposit date" you plan to open the account on.
Open the "Every payment" tab to read each due date, the days it covers and the interest paid.
The SCSS calculator works out the quarterly interest from the Senior Citizens' Savings Scheme and, if you give the deposit date, every payment and the day it falls due. It runs in your browser and nothing is uploaded.
A full quarter pays deposit × rate ÷ 4, rounded to the nearest rupee. Payments fall on the first working day of April, July, October and January. The first one covers only the days from your deposit to the end of that quarter, and the scheme's own formula applies: days in the period × the quarter's interest ÷ days in the quarter. The last payment covers the start of the final quarter up to maturity, five years after the deposit.
Sources: Senior Citizens' Savings Scheme, 2019, paras 3 to 6, as amended in 2023; the National Savings Institute's SCSS rate history; Department of Posts SB Order 12/2026; Department of Economic Affairs Office Memorandum of 30.09.2026. Checked 18 Oct 2026.
The rest of the article, and all 6 questions about SCSS Calculator, are on the SCSS Calculator page.
At the 8.2% rate notified for October to December 2026, ₹30,00,000 in the Senior Citizens Savings Scheme earns ₹61,500 each full quarter: 30,00,000 × 8.2% ÷ 4. That is ₹2,46,000 a year, or ₹20,500 a month on average, and ₹12,30,000 over five years.
Interest is paid on the first working day of April, July, October and January. The first payment covers the days from the deposit to the end of that quarter and is smaller, worked out by days. Add your deposit date in the calculator to see every payment date for the five years.
₹30 lakh per person, raised from ₹15 lakh on 31 March 2023, across all SCSS accounts that person holds. Husband and wife, if both eligible, may each hold up to ₹30 lakh. The minimum is ₹1,000 in multiples of ₹1,000, and a retiree under sixty is limited to the retirement benefits received.
Closed within the first year, the interest already paid is recovered from the deposit. Between one and two years, 1.5% of the deposit is deducted, and after two years, 1%. On ₹30 lakh that is ₹45,000 or ₹30,000. Interest runs up to the date of closure.
Rates and rules change; check the source before you rely on a figure.
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