Sukanya Samriddhi Yojana (SSY) Calculator

Plan for your daughter's future by estimating the final maturity amount of your SSY investment.

₹ 1,00,000
Maturity Value at 21 Years

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Total Investment -
Interest Earned -
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Understanding the Sukanya Samriddhi Yojana (SSY)

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched as part of the 'Beti Bachao, Beti Padhao' campaign. It's designed to encourage parents to build a fund for the future education and marriage expenses of their girl child. It offers a high interest rate and significant tax benefits, making it one of the most popular savings schemes in India.

Key Features of the SSY Scheme:
  • Account Opening: Can be opened for a girl child any time before she turns 10.
  • Investment Period: Contributions can be made for 15 years from the date of account opening.
  • Maturity Period: The account matures 21 years after the date of opening, at which point the entire balance can be withdrawn.
  • Interest: The government announces a fixed interest rate quarterly, which is compounded annually.
  • Tax Benefits: SSY enjoys an Exempt-Exempt-Exempt (EEE) status. The investment, the interest earned, and the maturity amount are all tax-free.

Frequently Asked Questions (FAQ)

You can start an SSY account with a minimum deposit of ₹250 per year and invest up to a maximum of ₹1.5 lakh per financial year.

Yes, a partial withdrawal of up to 50% of the balance is allowed for the purpose of the girl child's higher education once she turns 18 or has passed the 10th standard.

If the minimum deposit of ₹250 is not made in a financial year, the account is considered 'defaulted'. It can be revived by paying a penalty of ₹50 for each defaulted year, along with the minimum subscription amount for those years.