SCSS: interest on ₹15,00,000

A Senior Citizen Savings Scheme deposit of ₹15,00,000, at the official rate of 8.2%, pays ₹30,750 every quarter, which is ₹1,23,000 a year and ₹6,15,000 over the 5-year term. The deposit itself is returned at the end of 5 years.

Income at a glance

What this tells you

• The scheme pays interest quarterly, so the money arrives four times a year, not every month. If you need a monthly income, the post office Monthly Income Scheme pays monthly, with a lower limit.
• The most that can be deposited in one account is ₹30 lakh; ₹15,00,000 is within that limit.
• The NSI summary says the account can be extended on maturity and closed early.
• The rate of 8.2% is the latest in the official table and is reviewed every quarter; a new deposit takes the rate in force when it is opened, which this site cannot tell you in advance.

Before you invest

Before you deposit, check the eligibility rules and the current rate at the post office or bank, because the NSI summary used here does not list the age conditions. Think about how much of your savings should stay in one place: the scheme has a ceiling of 30 lakh, and the quarterly interest is taxable in the usual way as part of income.

Common questions

Change the figures in the calculator

Sources

• Interest rates for every quarter: National Savings Institute, Ministry of Finance, "Scheme Wise Interest Rate" table (nsiindia.gov.in), read on 13 November 2026. The latest quarter shown in that table was July-September 2026; the October-December 2026 column was empty on that date.
• Minimum and maximum deposits, terms and withdrawal features: the same institute's "National Savings Schemes at a glance" page (nsiindia.gov.in), read on 13 November 2026.
• PPF interest rule: Public Provident Fund Scheme, 2019, paragraph 7, as published by the National Savings Institute (nsiindia.gov.in), read on 13 November 2026: the lowest balance between the close of the fifth day and the end of the month earns interest, at a rate per annum, and interest is credited at the end of each year. The same paragraph, as amended by G.S.R. 290(E) of 5 May 2020, fixes 7.1% a year for deposits from 1 April 2020.
• What the texts do not spell out and this site assumes: a month earns one twelfth of the yearly rate, and interest is rounded to the rupee when it is added. Sukanya Samriddhi follows the same pattern in the way we work it; the recurring deposit and time deposit figures compound every quarter, as NSI says for the time deposit; the rule texts of those schemes were not opened. Every result is an estimate and a passbook can differ by a few rupees.

Rates and limits read on 13 November 2026 from the National Savings Institute. They are set by the government for each quarter and can change; the rates shown are those of July to September 2026, so treat them as out of date after 31 December 2026 unless this page has been updated. This is arithmetic, not investment advice; check the current rate at a post office, an authorised bank or indiapost.gov.in before you invest.