SCSS calculator
8.2% a year · Backed by the Government of India · Interest taxed at your slab rate
Interest you receiveInterest you receive
₹30,750 a quarter
₹21,156 after tax. Your ₹15,00,000 comes back after 5 years.₹21,156 after tax. By year 5, each payment buys what ₹16,157 buys today.- You put in
- ₹15.00 L
- Interest in all
- ₹6.15 L
- Tax
- ₹1.92 L
5.76% a yearafter tax
Your deposit and the interest paid out so farYour deposit and the interest paid out so far, in today's moneyYour moneyEarned
How the SCSS rate has changed
SCSS pays 8.2% today, unchanged since April 2023. Since it began in August 2004, it has ranged from 7.4% (2020–2022) to 9.3% (2012–2016).
- The rate on the day you invest stays fixed for your whole term. Later changes, up or down, don't affect money you've already put in.
See every rate change (14)
| Period | Rate a year |
|---|---|
| Apr 2023 – now | 8.2% |
| Jan 2023 – Mar 2023 | 8% |
| Oct 2022 – Dec 2022 | 7.6% |
| Apr 2020 – Sep 2022 | 7.4% |
| Jul 2019 – Mar 2020 | 8.6% |
| Oct 2018 – Jun 2019 | 8.7% |
| Jul 2017 – Sep 2018 | 8.3% |
| Apr 2017 – Jun 2017 | 8.4% |
| Oct 2016 – Mar 2017 | 8.5% |
| Apr 2016 – Sep 2016 | 8.6% |
| Apr 2015 – Mar 2016 | 9.3% |
| Apr 2013 – Mar 2015 | 9.2% |
| Apr 2012 – Mar 2013 | 9.3% |
| Aug 2004 – Mar 2012 | 9% |
Source: National Savings Institute, Ministry of Finance, rates since launch; Oct–Dec 2026 from the Ministry's latest notice.
Good to know
- For people aged 60 or above; some retirees can join earlier.
- Interest is paid every quarter and taxed at your slab rate. Under the old regime, seniors can deduct up to ₹50,000 of interest a year, which isn't included here.
- You can close early, at a cost: in the first year the interest is taken back; after that, 1.5% of the deposit in the second year and 1% later.
- After 5 years you can extend the account by 3 years at a time.