SCSS Calculator (Senior Citizen Savings Scheme)
Calculate guaranteed quarterly income from SCSS at 8.2%. The highest risk-free interest rate available for senior citizens in India.
Investment Report
EQUIS Take (Asli Sach)
Senior citizens ke liye SCSS (8.2%) bank FD se har maamle mein behtar hai. Maximum limit ₹30L hai. Husband-wife dono alag khata khol kar
The Math Behind SCSS Calculator (Senior Citizen Savings Scheme)
Understanding the true mechanics of this instrument helps you make optimal decisions with your money.
1. Guaranteed Quarterly Income for Retirees
SCSS provides a guaranteed quarterly payout at 8.2% annually. This is the highest risk-free, guaranteed income rate available to senior citizens in India — beating most FD rates.
2. Max Deposit Raised to ₹30 Lakhs
The SCSS maximum deposit limit was increased to ₹30 Lakhs in 2023. For married couples, both spouses can open separate SCSS accounts — effectively investing ₹60 Lakhs for a combined quarterly payout.
3. Taxable Interest — Plan Wisely
Unlike PPF/SSY, SCSS interest is fully taxable at your income slab rate. TDS at 10% is deducted if interest exceeds ₹50,000/year. Submit Form 15H if you're in a nil-tax bracket to avoid TDS.