Sukanya Samriddhi Yojana Calculator

Min: ₹250, Max: ₹1,50,000 per year
Current SSY interest rate (revised quarterly)
Max: 15 years (deposits can be made for 15 years)
Fixed: 21 years from the date of opening the account

SSY Results

Total Investment: ₹ 3,75,000
Total Interest Earned: ₹ 8,12,989
Maturity Value: ₹ 11,87,989

Understanding Sukanya Samriddhi Yojana (SSY)

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana (SSY) is a small savings scheme launched by the Government of India as part of the 'Beti Bachao, Beti Padhao' campaign. It's specifically designed to provide financial security for the girl child, encouraging parents to save for their daughter's education and marriage expenses.

Government Backed

Being a government-backed scheme, SSY offers complete security for your investment, ensuring your daughter's future is well protected.

High Interest Rate

SSY offers one of the highest interest rates (currently 7.6% p.a.) among government-backed savings schemes, helping grow your investment substantially.

Tax Benefits

Investments in SSY qualify for tax deduction under Section 80C, and the interest earned as well as the maturity amount are completely tax-free.

Eligibility Criteria

SSY account can be opened by parents or legal guardians for a girl child until she attains the age of 10 years. Key points to note:

  • Only for girl children below 10 years of age
  • Only one account per girl child is allowed
  • Maximum of two SSY accounts per family (for two girl children)
  • Natural or legal guardian can open and operate the account
  • The account is transferred to the girl child once she turns 18
  • Account can be opened at any post office or authorized banks