SCSS calculator: quarterly interest at 8.2%
Enter your deposit. See the interest the Senior Citizens' Savings Scheme pays every quarter for 5 years.
- Current rate 8.2%
- Up to ₹30 lakh
- Free, no sign-up
Retirement income, tax-smart
Our experts plan your SCSS, pension and deposits together, and help you avoid unnecessary TDS with Form 15H.
Questions people often ask
Is SCSS interest taxable?
Yes. If it's over ₹1 lakh a year, TDS may be deducted. If the tax on your total income is nil, you can submit Form 15H.
Can I invest after taking VRS at 56?
Yes. People aged 55 to 60 can invest after voluntary retirement, within the time limit after receiving their retirement benefits. An expert can check your dates.
SCSS at a glance
For senior citizens. Interest every quarter.
| Interest rate | 8.2% (Oct–Dec 2026) |
| Deposit | ₹1,000 to ₹30 lakh |
| Term | 5 years |
| Tax | 80C on deposit; interest taxable |
Last reviewed 8 October 2026. Rates are notified by the Ministry of Finance every quarter; these are for 1 October to 31 December 2026.
- Small savings schemes and interest rates National Savings Institute, Ministry of Finance
- Post office savings schemes India Post
- Tax rules for salaried individuals, AY 2026-27 Income Tax Department
Common questions
What is the SCSS interest rate now?
8.2% a year for October to December 2026, paid every quarter. Your deposit keeps the rate it was opened at.
How much can I invest in SCSS?
₹1,000 to ₹30 lakh, in multiples of ₹1,000.
Who can open an SCSS account?
Residents aged 60 or more; 55 to 60 after voluntary retirement; 50 or more for retired defence personnel.
Is SCSS interest taxable?
Yes. The deposit counts for 80C under the old regime, but the interest is taxable. If your interest from the post office or bank is over ₹1 lakh in a year, TDS may be deducted. Form 15H can avoid it if the tax on your total income is nil.
How much interest does ₹30 lakh earn?
₹61,500 every quarter, or ₹2,46,000 a year, at 8.2%.
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