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SCSS Calculator – ₹10 Lakh Investment

Looking to test custom investment amounts? Use our master Senior Citizens Savings Scheme (SCSS) Calculator for dynamic sliders and bank comparisons.

Quarterly Interest

₹20,500

Total Interest

₹4,10,000

Maturity Value

₹14,10,000

Adjust Parameters

₹
₹1,000₹30,00,000
%
1%15%
5 Years (Fixed)

Earnings Breakdown

Quarterly Interest

₹20,500

Invested
Interest

Year-by-Year Interest Summary

YearPrincipalQuarterly InterestYearly InterestCumulative Interest
1 Year₹10,00,000₹20,500₹82,000₹82,000
2 Years₹10,00,000₹20,500₹82,000₹1,64,000
3 Years₹10,00,000₹20,500₹82,000₹2,46,000
4 Years₹10,00,000₹20,500₹82,000₹3,28,000
5 Years₹10,00,000₹20,500₹82,000₹4,10,000

*Note: As per official SCSS guidelines, quarterly interest payments are rounded off to the nearest rupee. Any fractional adjustments (e.g., 50 paise) are automatically reconciled by the bank in subsequent quarters to ensure your exact yearly and total interest remains 100% accurate.

What ₹10 Lakh in SCSS Actually Pays You

₹10 lakh is a mid-sized SCSS deposit that produces a meaningful quarterly income while leaving two-thirds of your ceiling unused for future deposits.

Quarterly Interest

₹20,500

Annual Interest

₹82,000

Total Interest (5 Yrs)

₹4,10,000

Figures shown at the current notified rate of 8.2% p.a. Adjust the sliders above to model a different rate.

  • Annual interest at this level still exceeds the ₹50,000 Section 80TTB deduction, so a portion of your interest income remains taxable and TDS may apply.
  • The full ₹1,50,000 Section 80C deduction is available in the year of deposit, covering a useful share of a deposit this size.
  • Roughly two-thirds of your ₹30 lakh individual ceiling stays free, so you retain flexibility to open a further account if rates or your circumstances change.
  • Since SCSS pays out quarterly rather than compounding, your principal does not grow — plan for the same amount to be returned at the end of five years.

Watch the ₹50,000 Section 80TTB threshold: interest from all your deposits counts toward it together, not just this account.

Calculate the quarterly interest payment and five-year returns on a ₹10 Lakh Senior Citizens Savings Scheme deposit.

SCSS Calculator – ₹10 Lakh Investment — Frequently Asked Questions

Tax treatment and interest for a ₹10 Lakh SCSS deposit.

The calculator above computes it at the current notified rate. Because SCSS distributes interest instead of compounding it, the interest is identical every quarter for five years, which makes it straightforward to budget against.

Partly. Section 80TTB lets senior citizens deduct up to ₹50,000 of deposit interest each financial year, and interest beyond that is taxable at your slab rate. Because the threshold covers interest from all your deposits combined, other FDs and savings interest count toward the same ₹50,000.

There is no return advantage in splitting — the SCSS rate is notified centrally and identical everywhere. Splitting only makes sense for convenience, such as keeping the interest credited to the account you use most, since your ceiling and interest rate are unaffected.

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