Sukanya Samriddhi Yojana (SSY) Calculator
Calculate your daughter's SSY maturity amount at 8.2% interest
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the "Beti Bachao, Beti Padhao" campaign, designed to secure a girl child's future education and marriage expenses. It currently offers 8.2% annual interest (compounded yearly) — one of the highest among government schemes — and enjoys EEE tax status.
Key Rules
- Open any time from a girl's birth until she turns 10 years old.
- Minimum deposit ₹250 and maximum ₹1,50,000 per financial year.
- Deposits are made for 15 years from the opening date.
- The account matures 21 years after opening (interest keeps accruing in years 16–21).
- Partial withdrawal (up to 50%) is allowed after the girl turns 18 for higher education.
Tax Benefits (EEE)
SSY qualifies for the "Exempt-Exempt-Exempt" status: deposits up to ₹1.5 lakh qualify for Section 80C deduction, the interest earned is tax-free, and the maturity amount is fully tax-free — but only under the Old Tax Regime.
Frequently Asked Questions
How many SSY accounts can I open?
One account per girl child, and a maximum of two accounts per family (three in case of twins/triplets). Deposits across accounts still can't exceed ₹1.5 lakh per year for 80C benefit.
What if I miss a yearly deposit?
An account with no minimum ₹250 deposit in a year becomes inactive. You can revive it by paying a ₹50 penalty per missed year along with the minimum deposit.
Is the 8.2% rate fixed for the whole term?
No. The government revises the SSY interest rate every quarter. This calculator assumes a constant rate for the full term to give you an estimate; actual returns will vary as rates change.
When can I withdraw the full amount?
The full maturity amount can be withdrawn when the account completes 21 years, or earlier if the girl marries after turning 18.