SSY Calculator (Sukanya Samriddhi Yojana)

8.2% Sovereign Returns for Girl Child Higher Education & Marriage

SSY Rules: For Girl Child only. Account matures after 21 years from account opening. Contributions required only for the first 15 years. Current Interest Rate: 8.2% (Compounded Annually).
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Max ₹1,50,000 per year. Payable for 15 years only.

8.2% (Fixed)

Maturity Amount (Year 21)

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Total Invested (in 15 yrs)

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Total Interest Earned

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💡 Why Do You Need This Calculator?

Launched as a cornerstone of the 'Beti Bachao, Beti Padhao' national campaign, the Sukanya Samriddhi Yojana (SSY) is designed specifically to empower and secure the long-term financial future of a girl child. It consistently offers one of the absolute highest interest rates among all government-backed small savings schemes. You need the SSY Calculator because the scheme operates on highly unique deposit rules—you only contribute actively for 15 years, but the account officially matures after 21 years.

Understanding how your money sits and compounds completely passively for those final 6 years is crucial for your financial planning. You need this tool to plan accurately for major future milestones like your daughter's higher education or marriage. By inputting your yearly deposits, you can clearly and visually see how a disciplined, tax-free approach today guarantees a massive maturity amount precisely when she needs it the most. You need this clarity to empower yourself to give your daughter the best possible, financially secure start in her adult life.

📖 How to Use & Calculation Guide

Sukanya Samriddhi Yojana (SSY)

How to use: Input your initial investment and your planned yearly deposit to secure your girl child's future. The legal maximum is ₹1,50,000 per year. The duration is fixed by the scheme rules at 21 years.

Calculation Details: The calculator applies deposits only for the first 15 years as per the scheme's mandate. However, interest continues to compound annually on the accumulated balance for the full 21 years at a fixed rate of 8.2%. The final maturity amount is completely tax-free.

Empowering the Girl Child

Sukanya Samriddhi Yojana (SSY): Sovereign 8.2% Wealth for Her Future

Launched by the Government of India as part of the Beti Bachao, Beti Padhao initiative, Sukanya Samriddhi Yojana (SSY) represents the highest-yielding sovereign guaranteed fixed-income instrument available in the country today. With an exceptional 8.2% per annum compounding rate, SSY outpaces PPF (7.1%), standard bank fixed deposits (6.5% - 7.2%), and National Savings Certificates (7.7%).

By combining 15 years of structured deposits with 6 years of uninterrupted sovereign interest accrual, parents can build a multi-million rupee, completely tax-free corpus for their daughter's university degree or wedding.

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🗓️ The Unique 15 + 6 Timeline Architecture

Years 1 to 15: The Contribution Window Parents deposit between ₹250 and ₹1,50,000 every financial year. Each deposit earns the notified sovereign interest rate, compounded annually.
Years 16 to 21: Pure Compounding Accrual Zero further deposits are permitted or required! The accumulated multi-lakh balance continues compounding untouched at 8.2% for 6 full years.

📊 SSY Corpus Progression: ₹1,50,000 Annual Deposit (at 8.2%)

Milestone Total Invested Interest Rate Estimated Corpus Balance Status
Year 5₹7,50,0008.2%₹9,80,000Active Deposit Phase
Year 10₹15,00,0008.2%₹24,80,000Active Deposit Phase
Year 15 (Final Deposit)₹22,50,0008.2%₹47,20,000Deposits Complete!
Year 18 (Higher Education)₹22,50,0008.2%₹59,80,00050% Withdrawal Eligible
Year 21 (Full Maturity)₹22,50,0008.2%₹69,80,000+100% Tax-Free Payout!

Wealth Summary: For a total parent contribution of ₹22.5 Lakhs spread over 15 years, the sovereign compounding generates over ₹47.3 Lakhs in pure interest, culminating in a tax-free payout of roughly ₹69.8 Lakhs at maturity.

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🎓 Higher Education Withdrawal Guidelines

  • Permitted once the girl child attains 18 years of age or passes the 10th standard.
  • Up to 50% of the balance standing at the end of the preceding financial year can be withdrawn.
  • Funds can be taken in a single lump sum or in up to 5 equal annual installments aligned with university fee schedules.
  • Proof of admission (fee slip, university admission letter) is required for processing by the post office or bank.
Knowledge Base

❓ Frequently Asked Questions (FAQs)

What is Sukanya Samriddhi Yojana (SSY) and what is the current interest rate?

Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the 'Beti Bachao, Beti Padhao' campaign. It is designed to build a secure financial corpus for a girl child's higher education and marriage. The current interest rate is 8.2% per annum, compounded annually—the highest among all sovereign fixed-income savings schemes in India.

Who is eligible to open an SSY account?

An SSY account can be opened by a parent or legal guardian for a girl child who is an Indian resident from her birth up to the age of 10 years. A family can open accounts for a maximum of two girl children (exceptions apply for twins or triplets born in the second order of birth).

What is the deposit tenure vs total maturity tenure in SSY?

Deposits must be made for exactly 15 years from the date of account opening. The account reaches full maturity upon completion of 21 years from account opening, or at the time of the girl child's marriage after attaining the age of 18 years. During the final 6 years (years 16 to 21), no deposits are required, yet the accumulated balance continues earning compound interest at the prevailing rate!

What are the minimum and maximum deposit limits in SSY?

The minimum mandatory deposit is ₹250 per financial year, and the maximum allowed deposit is ₹1,50,000 per financial year. Deposits can be made in multiples of ₹50 through cash, cheque, demand draft, or online net banking transfers.

What tax benefits does Sukanya Samriddhi Yojana offer?

SSY enjoys complete Exempt-Exempt-Exempt (EEE) tax status: 1) Annual deposits qualify for deduction under Section 80C up to ₹1.5 Lakhs (Old Tax Regime). 2) The annual compounding interest accrued is 100% tax-free under Section 10(11A). 3) The entire maturity proceeds received by the girl child are completely exempt from income tax.

When can partial withdrawals be made from an SSY account for higher education?

A partial withdrawal of up to 50% of the account balance standing at the end of the preceding financial year is permitted for higher education once the girl child reaches 18 years of age or completes standard 10th. Admission confirmation letters and fee demand notices must be submitted.

What happens if I fail to deposit the minimum ₹250 in a year?

The account is classified as 'under default.' It can be regularized anytime before the completion of 15 years by paying a penalty of ₹50 per defaulted year along with the minimum deposit of ₹250 for each default year.

Can the SSY account be transferred to other cities in India?

Yes. An SSY account can be transferred anywhere across India from one post office to another, or between authorized commercial banks, completely free of charge upon providing proof of address change.