Calculate quarterly interest payout and 5-year maturity for Senior Citizens Savings Scheme (SCSS) at 8.2% p.a. up to the ₹30 Lakh maximum deposit limit.
| SCSS Deposit | Quarterly Payout | Monthly Equivalent | Annual Interest | 5-Year Total Interest |
|---|---|---|---|---|
| ₹5,00,000 | ₹10,250/qtr | ₹3,417/mo | ₹41,000/yr | ₹2,05,000 |
| ₹10,00,000 | ₹20,500/qtr | ₹6,833/mo | ₹82,000/yr | ₹4,10,000 |
| ₹15,00,000 | ₹30,750/qtr | ₹10,250/mo | ₹1,23,000/yr | ₹6,15,000 |
| ₹30,00,000 (Single Max) | ₹61,500/qtr | ₹20,500/mo | ₹2,46,000/yr | ₹12,30,000 |
| ₹60,00,000 (Husband + Wife) | ₹1,23,000/qtr | ₹41,000/mo | ₹4,92,000/yr | ₹24,60,000 |
Yes. Each individual aged 60+ can hold up to ₹30 Lakh in SCSS, so a senior citizen couple opening two separate individual/joint accounts can invest ₹60 Lakh for ₹1,23,000 quarterly payout.