₹20,00,000 SCSS Quarterly Payout
See the quarterly payout and total returns on a ₹20,00,000 Senior Citizens Savings Scheme (SCSS) investment at 8.2% p.a. over 5 years.
A ₹20,00,000 SCSS investment at 8.2% p.a. pays ₹41,000/quarter (₹1,64,000/year) for 5 years. Total interest earned is ₹8,20,000, and the full principal is returned at maturity.
- Investment
- ₹20,00,000
- Interest rate
- 8.2% p.a.
- Tenure
- 5 years
Quarterly Payout
8.2% p.a.₹41,
paid every quarter
Investment
₹20 Lakhs
₹20,00,000
Annual payout
₹1.64 Lakh
₹1,64,000
Total interest
₹8.2 Lakhs
₹8,20,000
Maturity value
₹20 Lakhs
₹20,00,000
principal returned
Tenure
5 years
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SCSS is for senior citizens (60+) at 8.2% p.a. Payouts are quarterly. TDS applies above ₹50,000 interest/year. Maximum investment: ₹30,00,000. Extendable by 3 years after the 5-year tenure.