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SCSSSenior Citizen Savings
Senior Citizens Savings Scheme
Current interest rate
8.2% p.a.
Rates valid for Q3 2026-27 (Oct-Dec)
A scheme tailored for senior citizens, offering regular income with high security and attractive interest rates.
Key details
- Minimum deposit₹1,000
- Maximum deposit₹30,00,000
- Tenure5 Years
- CompoundingQuarterly payout
- Tax benefitsSection 80C benefits
Features and benefits
- Quarterly interest payouts
- Can be extended by 3 years
- High deposit limit of ₹30 Lakhs
Tax & inflation view
Tax regime
- Tax saved via 80C (total)
- ₹30,000
- Tax on interest
- -₹1,23,000
- Post-tax value
- ₹19,92,000
- In today's money
- ₹15,60,784
Estimate only. Excludes surcharge and cess; interest is taxed in the year it accrues.
SCSS calculator
15 lakh
₹1K₹30L
Duration (years)
5 years Fixed tenure
Total invested
₹15,00,000
Total interest
₹6,15,000
Total received
₹21,15,000
Quarterly income
₹30,750
Principal returned
₹15,00,000
Year-by-year growth
Interest is paid out to you, so the balance stays at your principal.
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹15,00,000 | +₹1,23,000 | ₹15,00,000 |
| 2 | ₹15,00,000 | — | +₹1,23,000 | ₹15,00,000 |
| 3 | ₹15,00,000 | — | +₹1,23,000 | ₹15,00,000 |
| 4 | ₹15,00,000 | — | +₹1,23,000 | ₹15,00,000 |
| 5 | ₹15,00,000 | — | +₹1,23,000 | ₹15,00,000 |
Total received · 5 years
₹21,15,000
Total interest
+₹6.15L