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Senior Citizen Savings Scheme Calculator
Quarterly income from SCSS for investors aged 60+.
Enter values to see your result
Frequently asked questions
Who is eligible for SCSS?
Indian citizens aged 60+. Also available for retired civilians 55–60 (special conditions) and retired defence personnel 50+. NRIs are not eligible.
What is the maximum investment?
₹30 lakh per individual (revised upward in 2023). Earlier it was ₹15L. Multiple accounts allowed in single or joint names as long as combined stays within the cap.
Can I extend SCSS beyond 5 years?
Yes — extendable once for 3 years, giving a total of 8 years. Extension must be requested within 1 year of maturity.
Is SCSS safer than a bank FD?
Yes — SCSS is sovereign-backed (100% government guarantee). Bank FDs are insured only up to ₹5L per depositor per bank.