SSY Calculator

Sukanya Samriddhi Yojana is a government-backed saving scheme for the girl child. Calculate maturity value based on current interest rates.

Estimated Maturity Amount
₹69,80,382
Total Invested (15 Years) ₹22,50,000
Interest Earned ₹47,30,382
*Maturity age is 21 years or marriage after 18.
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Allocation Breakup

Invested
Interest

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched as part of the "Beti Bachao, Beti Padhao" campaign. It is designed to encourage parents to build a fund for the future education and marriage expenses of their female children.

SSY Key Features

  • Guaranteed Returns: Currently offers one of the highest interest rates among debt instruments (8.2% p.a.).
  • Tax Benefits: EEE status (Exempt on principal, Exempt on interest, Exempt on maturity) under Section 80C.
  • Investment Limit: Minimum ₹250 and Maximum ₹1.5 Lakh per financial year.
  • Tenure: Investment for 15 years, maturity after 21 years from account opening.

How SSY Interest is Calculated?

Interest in SSY is compounded annually. Investment is done for 15 years, but the account earns interest for 21 years total (or until marriage after age 18).

Example:

If you invest ₹1.5 Lakh every year for 15 years from the birth of your daughter (Age 0), your total investment will be ₹22.5 Lakhs. At an interest rate of 8.2% p.a., the maturity value after 21 years will be approximately ₹69.8 Lakhs.

FAQs

Who can open an SSY account?

Parents or legal guardians of a girl child can open the account until she reaches the age of 10. Only two accounts per family are allowed (exceptions for twins/triplets).

Can I withdraw money before 21 years?

Partial withdrawal of up to 50% of the balance is allowed for the purpose of the girl child's higher education once she reaches 18 years of age or passes class 10th.

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