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The ultimate regular income haven for Indian retirees. Calculate your exact quarterly pension cashflow backed by the supreme safety of the Government of India.
Maximum cap is ₹30 Lakhs per senior citizen.
SCSS consistently offers the absolute highest sovereign-backed interest rate in India, fixed quarterly.
SCSS matures in exactly 5 years. It can be extended exactly once for a 3-year block.
Quarterly Income
₹30,750
Paid into your bank every 3 months!
Total Interest Cashflow
₹6,15,000
Accumulated over 5 years.
Principal Locked
₹15,00,000
Returned safely at maturity
Total Maturity Return
₹21,15,000
Principal + Final Quarter Interest
| Year | Principal Locked | Yearly Income Dispensed | Cumulative Income |
|---|---|---|---|
| Year 1 | ₹15,00,000 | ₹1,23,000 | ₹1,23,000 |
| Year 2 | ₹15,00,000 | ₹1,23,000 | ₹2,46,000 |
| Year 3 | ₹15,00,000 | ₹1,23,000 | ₹3,69,000 |
| Year 4 | ₹15,00,000 | ₹1,23,000 | ₹4,92,000 |
| Year 5 | ₹15,00,000 | ₹1,23,000 | ₹6,15,000 |
Unlike PPF or FD, the Senior Citizen Savings Scheme operates on Simple Interest that is forcibly paid out to your linked Savings Account exactly 4 times a year (March 31, June 30, Sept 30, and Dec 31). Your principal never grows.
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Book Free ConsultationThe crown jewel of Indian retirement schemes. SCSS is explicitly designed to convert your massive lifetime accumulated corpus into a rock-solid, inflation-beating pipeline of quarterly income that never dries up.
SCSS offers the highest interest rate among all small savings schemes, severely outperforming Senior Citizen Bank FDs while maintaining zero credit risk (100% Govt backed).
Unlike FDs where compounding locks your money away, SCSS guarantees liquidity by dropping the interest straight into your Savings Account every single quarter to easily manage monthly expenses.
If your total retirement income remains below ₹3 Lakhs (₹5 Lakhs actual limit with rebate), file Form 15H to ensure your massive SCSS interest payouts are credited without losing a single rupee to TDS.
If both spouses are aged 60+, you can execute a powerful joint strategy utilizing the new ₹30 Lakh individual cap introduced recently.
Governing Law: SCSS is governed by the Senior Citizens Savings Scheme Rules, 2019 under the Government Savings Promotion Act, 2019. Available at Post Offices and authorized banks.
Tax Treatment: Principal qualifies for 80C deduction (Old Regime). Interest is fully taxable under Income from Other Sources. TDS is deducted at 10% if annual interest exceeds ₹50,000. Submit Form 15H to avoid TDS if income is below taxable limit.
Disclaimer: SCSS interest rate (currently 8.2%) is revised quarterly by the Ministry of Finance. The ₹30L investment cap may change with future policy updates. All calculations assume the current rate for the full 5-year tenure.
SCSS provides quarterly cashflows. Build a diversified retirement portfolio: