SSY Calculator - Sukanya Samriddhi Yojana Calculator
Calculate your SSY maturity amount with detailed 21-year breakdown. Plan your daughter's future with India's most beneficial girl child savings scheme offering 8.2% interest and full tax exemption.
Sukanya Samriddhi Yojana Calculator
Monthly: ₹4,167
Eligible: 0 to 10 years
Current GOI rate: 8.2% (Q4 FY25)
Investment Summary
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a flagship savings scheme launched by the Government of India in January 2015 as part of the "Beti Bachao Beti Padhao" (Save Girl Child, Educate Girl Child) campaign. It aims to promote the welfare of girl children by encouraging parents to save for their education and marriage expenses.
SSY offers one of the highest interest rates among government-backed small savings schemes, currently at 8.2% per annum (Q4 FY 2024-25), with interest compounded annually. The scheme enjoys EEE (Exempt-Exempt-Exempt) tax status, making it extremely tax-efficient.
Key Features of SSY
High Interest Rate
8.2% p.a. - highest among small savings schemes
EEE Tax Benefits
Deposit, interest, and maturity - all tax-free
Government Backed
100% safe and secure sovereign guarantee
Flexible Deposits
Rs 250 to Rs 1.5 lakh per year
Partial Withdrawal
50% withdrawal after girl turns 18
Long Tenure
21-year tenure with 15-year deposit period
SSY Account Rules & Regulations
| Eligibility | Girl child below 10 years of age |
| Account Opening | Post Office or authorized banks |
| Minimum Deposit | Rs 250 per financial year |
| Maximum Deposit | Rs 1,50,000 per financial year |
| Deposit Period | First 15 years from account opening |
| Account Maturity | 21 years from opening OR marriage after 18 |
| Interest Rate | 8.2% p.a. (Q4 FY 2024-25), compounded annually |
| Tax Benefit | Section 80C (up to Rs 1.5 lakh), EEE status |
| Accounts per Family | Maximum 2 (one per girl child) |
SSY Calculation Formula
SSY Maturity = Principal + Compound Interest
A = P(1 + r/n)^(nt)
Where:
- A = Maturity Amount
- P = Principal (yearly deposits for 15 years)
- r = Annual interest rate (8.2% = 0.082)
- n = Compounding frequency (1 for annual)
- t = Time in years
Each yearly deposit earns compound interest from the date of deposit until maturity. The dormant period (years 16-21) earns interest on accumulated balance without new deposits.
SSY Calculation Example
If you deposit Rs 50,000/year for a 1-year old girl:
| Yearly Deposit | Rs 50,000 |
| Total Invested (15 years) | Rs 7,50,000 |
| Interest Earned (@ 8.2%) | Rs 22,63,000+ |
| Maturity Amount (at age 22) | Rs 30,13,000+ |
* Your money grows approximately 4x in 21 years!
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a Government of India backed savings scheme launched in 2015 under the Beti Bachao Beti Padhao campaign. It is designed to secure the financial future of girl children through regular savings. The scheme offers one of the highest interest rates among small savings schemes and provides complete tax exemption under Section 80C.
Who is eligible to open an SSY account?
SSY account can be opened by parents or legal guardians for a girl child who is below 10 years of age. Maximum 2 accounts can be opened per family (one account per girl child). For twin or triplet girls, a third account is allowed with proper documentation. The account can be opened at any Post Office or authorized banks.
What is the minimum and maximum deposit in SSY?
The minimum deposit in SSY is Rs 250 per year. If minimum deposit is not made, the account becomes inactive and can be revived with a Rs 50 penalty. The maximum deposit is Rs 1.5 lakh per financial year. Deposits can be made in lump sum or in multiple installments throughout the year.
What is the tenure of SSY account?
SSY account has a total tenure of 21 years from the date of opening. However, deposits are required only for the first 15 years. For the remaining 6 years (dormant period), no deposits are needed but interest continues to accrue on the accumulated balance. The account matures when the girl turns 21 or gets married after 18.
What is the current SSY interest rate?
The SSY interest rate is set by the Government of India and revised quarterly. As of Q4 FY 2024-25, the interest rate is 8.2% per annum, compounded annually. This is one of the highest rates among government-backed small savings schemes, making it an attractive investment option.
What are the tax benefits of SSY?
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status: deposits up to Rs 1.5 lakh qualify for Section 80C deduction, interest earned is tax-free, and maturity amount is completely tax-exempt. This makes SSY one of the most tax-efficient investment options available for long-term savings.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the balance is allowed after the girl turns 18, for higher education or marriage expenses. Premature closure is permitted after the girl reaches 18 years for marriage. In case of medical emergency or death of guardian, the account can also be closed prematurely with applicable conditions.
SSY vs PPF - Which is better for girl child?
SSY offers higher interest rate (8.2%) compared to PPF (7.1%) and has a longer tenure (21 years vs 15 years). Both have EEE tax status. SSY is specifically designed for girl children and offers partial withdrawal for education/marriage. PPF is more flexible but SSY yields higher returns for long-term girl child savings.