Sukanya Samriddhi Yojana (SSY) Calculator
The Sukanya Samriddhi Yojana (SSY) is one of India's most trusted savings schemes for the girl child, offering tax-free annual compounding and guaranteed returns. This calculator helps you estimate the maturity value of your investment — with deposits allowed for the first 15 years and growth continuing for 21 years — so you can plan confidently for your daughter’s future needs.
Annual Deposit: ₹0
Current SSY rate is ~7.6%
📈 SSY Balance Over Time
🍩 Investment vs Interest
📊 Yearly Interest
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Check out our expert-curated guide to maximizing your returns and minimizing EMI burdens.
Learn More📅 Year-wise Breakdown
| Year | Deposit (₹) | Interest (₹) | Total (₹) |
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Sukanya Samriddhi Yojana (SSY) is a savings scheme specifically designed for the girl child in India. It offers one of the highest interest rates among small savings schemes and is backed by the Government of India, making it both safe and rewarding.
Parents or guardians can open an SSY account in the name of a girl child before she turns 10. Contributions up to ₹1.5 lakh annually are allowed for 15 years, while the account matures after 21 years. Interest is compounded annually and is completely tax-free.
This calculator lets you experiment with investment frequencies while ensuring your total annual investment doesn't exceed the SSY limit. It helps you visualize long-term returns and the power of compounding over the 21-year term.
SSY is a great way to build a financial cushion for your daughter's future needs like education or marriage, while enjoying tax benefits and peace of mind.
📘 How is SSY Calculated?
SSY interest is compounded annually. You can invest up to ₹1.5 lakh per year for 15 years, and the account matures in 21 years.
Formula used:A = P(1 + r)t
- P: Annual Deposit
- r: Interest Rate
- t: Number of Years
💡 Tips for SSY Planning
- Invest the full ₹1.5 lakh per year for best returns.
- Start early to benefit from full 21-year compounding.
- Try different frequencies to suit your budget — monthly, quarterly, etc.
- SSY is ideal for a girl's education or marriage planning.
❓ Frequently Asked Questions (SSY)
- Q: Who can open an SSY account?
A: A parent or legal guardian of a girl child below the age of 10 can open the account. - Q: What is the current interest rate for SSY?
A: As of now, it is 7.6% per annum, compounded annually. - Q: What is the minimum and maximum deposit allowed?
A: Minimum ₹250 per year, and maximum ₹1.5 lakh per year. - Q: Is the maturity amount taxable?
A: No. Both the interest earned and maturity amount are completely tax-free under Section 80C. - Q: When can I withdraw from the SSY account?
A: Up to 50% can be withdrawn for the girl's higher education after she turns 18.