Find the quarterly income and total interest from a Senior Citizens Savings Scheme deposit.
Unlike PPF or NSC, SCSS doesn't compound — each quarter's interest is calculated on the original deposit and paid out directly, so the deposit itself never grows.
Quarterly payout: Deposit × rate ÷ 4 ÷ 100
What is the current SCSS interest rate?
8.2% per year for the Jan-Mar 2026 quarter, among the highest of any government small-savings scheme, reviewed every three months.
Who is eligible for SCSS?
Individuals aged 60 and above, or 55 and above for those who have retired under a voluntary or special retirement scheme.
Is SCSS interest taxable?
Yes, the interest is fully taxable, though the deposit itself qualifies for a Section 80C deduction up to the usual ₹1.5 lakh limit.