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SCSS interest rate

The SCSS interest rate is 8.2% for October to December 2026. What it earns on your money, when the rate is next revised, and the full rate history.

October to December 2026Best for: Regular income after 60Checked 21 October 2026
Current rate8.2%a year · paid every quarter
In effect since1 April 2023Previous 8.0% · +0.2%
₹30,00,000 deposit (the maximum)₹61,500paid to you every quarter for 5 years

Rate history

Every change since 1 April 2020. Ministry of Finance, every quarter.

In effect fromRateChange
1 April 2023Current8.2%+0.2%
1 January 20238.0%+0.4%
1 October 20227.6%+0.2%
1 April 20207.4%–
The rates for January to March 2027 are due to be announced by 31 December 2026.

Key facts

Who can open
People aged 60 and above (some retirees earlier)
Deposit
₹1,000 to ₹30,00,000
Term
5 years, extendable by 3
Interest
Paid every quarter
Tax
Interest taxable; deposit deductible in the old regime

Run your numbers

Other rates

All interest rates →

About the SCSS rate

How the rate is set

The Ministry of Finance reviews small savings rates every quarter, broadly in line with government bond yields of similar maturity, and announces them just before each quarter begins.

Rate: 8.2% a year, paid every quarter.

Open the SCSS calculatorSenior Citizens Savings Scheme payouts. Uses the current rate by default.Open the calculator

Frequently asked questions

What is the current SCSS interest rate?

8.2% (October to December 2026). It has applied since 1 April 2023.

When will the SCSS rate change next?

The rates for January to March 2027 are due to be announced by 31 December 2026.

What was the previous SCSS rate?

8.0%, from 1 January 2023 until 1 April 2023.

Does a rate change apply to my existing SCSS?

No. The rate on the day you invest is locked in for the full term of the deposit.

Sources