Sukanya Samriddhi Yojana (SSY) Calculator
Secure your daughter's future with the highest-yielding government savings scheme. Plan her education and marriage corpus today.
SSY Calculation
₹71,82,127
SSY is 100% tax-free (EEE status). Deposits are allowed for 15 years, and maturity is at 21 years.
This calculation is based on current interest rate of 8.2% and assumes constant annual deposits. Actual rates are revised quarterly.
Why Invest in Sukanya Samriddhi Yojana?
SSY is designed specifically for the financial empowerment of girl children. With sovereign backing, EEE tax status, and high interest rates, it is an essential part of a parent's investment portfolio.
High Interest
Current rate of 8.2% is higher than PPF, FD, and most other debt options.
Tax Free
Section 80C deduction on deposits, and zero tax on interest and maturity.
Safety
Directly backed by the Government of India, ensuring total capital protection.
SSY Eligibility and Rules
- Opening: Only one account per girl child. Max two girls per family (three in case of twins/triplets).
- Deposits: Minimum ₹250 and Maximum ₹1.5 Lakh per financial year.
- Maturity: Account lasts for 21 years but deposits are only required for the first 15 years.
- Closure: Can be closed prematurely for marriage after the girl turns 18.
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed savings scheme for girl children in India, launched as part of the 'Beti Bachao Beti Padhao' campaign. It offers one of the highest interest rates among small savings schemes.
What is the maximum age to open an SSY account?
An SSY account can be opened in the name of a girl child from her birth until she reaches the age of 10 years.
How many years do I need to deposit money in SSY?
Deposits need to be made for a period of 15 years from the date of opening the account.
When does the SSY account mature?
The SSY account matures 21 years from the date of opening, or upon the marriage of the girl child after she turns 18 (whichever is earlier).
Can I withdraw money before maturity?
Partial withdrawal (up to 50% of the balance) is allowed for the higher education of the girl child once she turns 18 or completes the 10th standard.