How this calculation works
Estimate quarterly interest income from a fixed SCSS deposit and the total payouts over the entered term. This is an income-stream calculation rather than a growing-balance projection: principal stays separate and no return is assumed on interest after it is paid.
Worked example
This example uses illustrative inputs. Your current result is shown above.
For ₹15,00,000 at an entered 8.2% annual rate over 5 years, quarterly income is ₹30,750. Twenty quarterly payments total ₹6,15,000 interest; the principal returned separately is ₹15,00,000.
Assumptions and limits
- Each full quarter pays one-quarter of the entered annual interest and the payout is not reinvested.
- The rate and principal remain constant; partial first quarters and account-specific dates are not modelled.
- Age eligibility, deposit limits, extensions, TDS, final tax and premature closure are outside this payout estimate.
Questions people ask
Can I divide the quarterly amount by three for a monthly budget?
Yes, as a budgeting average, but that does not change the model’s payment schedule into monthly cash receipts.
Does entering more years automatically model an extension?
It extends the arithmetic payout horizon only. Whether an account can be extended, and which terms then apply, must be checked separately.