Sukanya Samriddhi Yojana (SSY) Calculator
Plan your daughter's future with SSY — India's best small savings scheme offering 8.2% p.a. (FY 2024-25), tax-free returns and EEE status.
Calculate SSY Maturity Amount
SSY account can be opened for a girl child below 10 years of age. Deposits for 15 years; account matures when she turns 21.
What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed small savings scheme launched under the Beti Bachao Beti Padhao initiative. It offers one of the highest interest rates among small savings schemes and complete EEE (Exempt-Exempt-Exempt) tax status — making it ideal for your daughter's education and marriage planning.
Key SSY Features
- Interest Rate: 8.2% p.a. (Q1 FY 2024-25), revised quarterly by the government
- Minimum Deposit: ₹250 per year | Maximum: ₹1,50,000 per year
- Deposit Period: 15 years from account opening
- Maturity: Account matures when girl turns 21
- Eligibility: Girl child below 10 years; max 2 accounts per family (3 in case of twins)
- Where to open: Any post office or authorised bank branch
SSY Tax Benefits (EEE)
- Deposits: Eligible for Section 80C deduction (up to ₹1.5L/year)
- Interest: Fully exempt from income tax during accumulation
- Maturity: Entire maturity amount is tax-free
Partial Withdrawal & Premature Closure
- Partial withdrawal: Up to 50% of balance at the end of previous financial year — allowed when girl turns 18, for education expenses
- Premature closure: Allowed after 5 years in case of girl's death or life-threatening illness
- Account transfer: Can be transferred anywhere in India if the family relocates