₹30 lakh in SCSS: Quarterly interest and monthly income equivalent explained
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Senior citizens investing ₹30 lakh in the Senior Citizens' Savings Scheme earn ₹61,500 every quarter at an 8.2% interest rate.
- ✓This rate applies to the October-December 2026 quarter.
- ✓While this equals ₹20,500 monthly, the government pays interest quarterly.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
A senior citizen who invests ₹30 lakh in the Senior Citizens' Savings Scheme (SCSS) can earn ₹61,500 every quarter at the current interest rate of 8.2% per annum. The rate, set by the Ministry of Finance, applies to the October-December 2026 quarter, the third quarter of FY 2026-27.
This translates into a monthly equivalent of ₹20,500. However, SCSS pays interest quarterly, not monthly.
SCSS is a government-backed small savings scheme designed to provide eligible senior citizens and retirees with a regular income stream. Here is a look at its interest calculation, investment limits, eligibility criteria and other key rules as of 9 October 2026.
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