Senior Citizen Savings Schemes Calculator
SCSS, Post Office MIS, NSC, KVP and RBI Floating Rate Bonds side by side: what one amount pays in each, before and after tax, at this quarter's rates.
₹15,00,000 in each scheme
Rates notified for October–December 2026; the RBI bond’s for July–December 2026. In a fixed order, not ranked.
Senior Citizens' Savings Scheme
8.20% · 5 years- Paid each quarter
- ₹30,750
- Interest over the term
- ₹6,15,000
- After tax, a month on average
- ₹10,250
- Deposit back at the end
- ₹15,00,000
Deposit qualifies under Section 123 (formerly 80C) (old regime).
Post Office Monthly Income Scheme
7.40% · 5 years- Paid each month
- ₹5,550
- Interest over the term
- ₹3,33,000
- After tax, a month on average
- ₹5,550
- Deposit back at the end
- ₹9,00,000
A single POMIS account is capped at ₹9,00,000; the rest is not modelled.
National Savings Certificate
7.70% · 5 years- Paid at maturity
- ₹21,73,551
- Interest over the term
- ₹6,73,551
- After tax, a month on average
- ₹11,226
- Deposit back at the end
- ₹15,00,000
Deposit qualifies under Section 123 (formerly 80C) (old regime).
Kisan Vikas Patra
7.50% · 9 years 7 months- Paid at maturity
- ₹30,00,000
- Interest over the term
- ₹15,00,000
- After tax, a month on average
- ₹13,043
- Deposit back at the end
- ₹15,00,000
RBI Floating Rate Savings Bonds
8.05% · 7 years · rate resets- Paid every six months
- ₹60,375
- Interest over the term
- ₹8,45,250
- After tax, a month on average
- ₹10,063
- Deposit back at the end
- ₹15,00,000
Small savings rates and limits, October–December 2026 — set by Ministry of Finance (quarterly notification); Reserve Bank of India for the Floating Rate Savings Bonds 2020. Last verified .
The rates for PPF (7.1%), SSY (8.2%), SCSS (8.2%), POMIS (7.4%), NSC (7.7%) and KVP (7.5%, doubling in 115 months), left unchanged for the October–December 2026 quarter, and the RBI bond’s 8.05% for July–December 2026 (NSC + 0.35%). Also the limits: ₹1,000 minimum; SCSS up to ₹30 lakh; POMIS up to ₹9 lakh single, ₹15 lakh joint. Reconciled across news reports of the announcements, not the gazette text.
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How this is calculated
Formula
SCSS, POMIS, bond: interest per payout = deposit × rate ÷ payouts a year. NSC: deposit × (1 + rate)⁵. KVP: deposit × 2.
With your numbers
- 1Senior Citizens' Savings Scheme₹15,00,000 × 8.20% ÷ 4 = ₹30,750
- 2Post Office Monthly Income Scheme₹9,00,000 × 7.40% ÷ 12 = ₹5,550
- 3National Savings Certificate₹15,00,000 → ₹21,73,551 after 5 years
- 4Kisan Vikas Patra₹15,00,000 → ₹30,00,000 after 9 years 7 months
- 5RBI Floating Rate Savings Bonds₹15,00,000 × 8.05% ÷ 2 = ₹60,375
- Limits applied: ₹1,000 minimum; SCSS up to ₹30,00,000; POMIS up to ₹9,00,000 single or ₹15,00,000 joint.
- "After tax, a month on average" spreads the term’s interest, after tax at your marginal rate, over its months. Schemes that pay at maturity pay nothing until then.
- The RBI bond is shown at today’s rate for all seven years; its rate will reset.
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