Sukanya Samriddhi Yojana (SSY) Calculator
Calculate maturity amount for your girl child's SSY account. Plan for education and marriage with guaranteed tax-free returns.
1L
Current SSY rate: 8.2% p.a. (Q4 FY 2024-25)
Account Details
• Deposit period: 0 years
• Maturity age: 0 years
• Total duration: 21 years from opening
₹0
At girl's age 0
₹0
Over 0 years
₹0
Tax-free returns
₹1,00,000
Under Section 80C
About Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is a government savings scheme designed to secure the financial future of the girl child. Launched under the Beti Bachao Beti Padhao campaign, it offers one of the highest interest rates among all government-backed schemes with complete tax exemption.
Key Features of SSY
- Minimum deposit: ₹250 per year
- Maximum deposit: ₹1,50,000 per year
- Account can be opened till girl child is 10 years old
- Deposit period: 15 years from account opening
- Maturity: 21 years from account opening
- Current interest rate: 8.2% p.a. (compounded annually)
- Interest rate reviewed quarterly
Triple Tax Benefits (EEE Status)
1. Tax Deduction: Deposits qualify for deduction under Section 80C up to ₹1.5 lakh
2. Tax-Free Interest: Interest earned is completely tax-free
3. Tax-Free Maturity: Maturity amount is fully tax-exempt
Eligibility and Account Opening
- Can be opened by parent or legal guardian of girl child
- Only one account per girl child
- Maximum two accounts per family (for two girl children)
- Three accounts allowed in case of twins/triplets
- Can be opened at post office or authorized banks
Withdrawal Rules
Partial Withdrawal: After girl completes 18 years, up to 50% can be withdrawn for higher education or marriage
Premature Closure: Allowed in case of death of account holder or on compassionate grounds
Full Withdrawal: At maturity (21 years) or marriage after 18 years of age
Frequently Asked Questions
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child as part of the Beti Bachao Beti Padhao campaign. It offers one of the highest interest rates among government schemes with complete tax exemption.
What is the current SSY interest rate?
The current Sukanya Samriddhi Yojana interest rate is 8.2% per annum (Q4 FY 2024-25). The rate is reviewed quarterly by the Government of India and is compounded annually.
When can I withdraw money from SSY account?
50% withdrawal is allowed after the girl turns 18 for higher education or marriage expenses. Full withdrawal is allowed when the girl turns 21 or gets married after 18 years of age.