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₹30 Lakh in SCSS Earns ₹61,500 Quarterly at 8.2%
SCSS is a savings scheme for eligible older people and retirees.
The article says its interest rate for October to December 2026 is 8.2% a year.
If someone puts in ₹30 lakh, they earn ₹61,500 every three months at that rate.
That is like ₹20,500 a month when planning a budget.
But the scheme pays the money once every three months, not every month.
The rate may change for future periods, so a five-year estimate is not guaranteed.
The account lasts five years and may be extended once for three years under the rules.
Interest is taxable, and deposits may qualify for tax deductions if the conditions are met.
At the 8.2% annual rate for October–December 2026, a ₹30 lakh SCSS deposit earns ₹61,500 each quarter.
The quarterly payment equals a monthly budgeting equivalent of ₹20,500, but SCSS does not pay interest monthly.
Interest is credited on the first working day of April, July, October and January, as applicable.
SCSS has a five-year tenure, with a permitted extension of one additional three-year term subject to rules.
Interest is taxable; deposits may qualify for eligible tax deductions subject to applicable law and conditions.
- Who
- Eligible senior citizens and retirees investing in the Senior Citizens’ Savings Scheme (SCSS).
- What
- A ₹30 lakh deposit earns ₹61,500 quarterly at an annual interest rate of 8.2%.
- Where
- In the government-backed Senior Citizens’ Savings Scheme in India.
- When
- The stated rate applies to October–December 2026; the information is dated 9 October 2026.
- Why
- SCSS is designed to provide eligible senior citizens and retirees with a regular income stream.
Key facts
- Annual interest rate
- 8.2% for October–December 2026, according to the article.
- Investment example
- ₹30,00,000.
- Quarterly interest
- ₹61,500 at the stated rate.
- Monthly equivalent
- ₹20,500 for budgeting; interest is paid quarterly.
- Minimum deposit
- ₹1,000.
- Maximum deposit
- ₹30 lakh per individual; in a joint account, the limit is attributed to the first account holder.
- Tenure and extension
- Five years, with one extension of three years subject to rules.
- Tax treatment
- Interest is taxable; eligible deposits may qualify for deductions subject to applicable conditions.
Sources
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