SSY (Sukanya Samriddhi Yojana) Calculator

Yearly Investment

₹

Min: ₹250, Max: ₹1,50,000 per year

Girl's Current Age (at opening)

Yrs

Account must be opened before the girl child turns 10.

Current Interest Rate (% p.a.)

%

Contribution Period

Maturity Period

Understanding Sukanya Samriddhi Yojana (SSY)

What is SSY?

Sukanya Samriddhi Yojana (SSY) is a small savings scheme by the Government of India, part of the "Beti Bachao, Beti Padhao" campaign, targeted at the parents of girl children. The scheme encourages parents to build a tax-free fund for the future education and marriage expenses of their female child.

Key Features of the SSY Scheme

• Eligibility: Account can be opened in the name of a girl child any time before she attains the age of 10 years.
• Investment Limits: A minimum of ₹250 and a maximum of ₹1.5 lakh can be deposited in a single financial year.
• Tenure Rules:
  • Contribution Period: You only need to make contributions for the first 15 years from the date of account opening.
  • Maturity Period: The account matures after 21 years from the date of account opening.
  • Interest: Even after you stop contributing at 15 years, the balance continues to earn compound interest until the 21st year.
• Tax Benefits (EEE Status): Like PPF, SSY enjoys an Exempt-Exempt-Exempt (EEE) status.
  • Exempt 1: Investment up to ₹1.5 lakh is tax-deductible under Section 80C.
  • Exempt 2: The interest earned each year is tax-free.
  • Exempt 3: The final maturity amount is completely tax-free.
• Withdrawal: Partial withdrawal (up to 50%) is allowed for the girl's education expenses after she turns 18 or passes the 10th standard.

Calculator Assumptions

This calculator assumes the yearly investment is made at the *beginning* of each financial year for the first 15 years. The interest is then compounded annually on the full balance for all 21 years.