Sukanya Samriddhi Yojana Calculator
Calculate SSY maturity amount for your girl child's future
Sukanya Samriddhi Yojana Calculator
Calculate maturity amount for Sukanya Samriddhi Yojana - Government's girl child savings scheme. Plan your daughter's future with tax-free returns.
SSY Investment Details
Account can be opened till age 10
Minimum ₹250, Maximum ₹1.5 lakh per year
Existing balance in SSY account
Current SSY rate: 8.0% (Q4 2023-24)
Deposits allowed for 15 years or till age 18
Maturity Age: 21 years
Years to Maturity: 16 years
SSY Maturity Results
Maturity Amount
When girl turns 21
Total Deposited
Over 13 deposit years
Interest Earned
@ 8% compounded annually
CAGR Return
Effective annual return
Key Benefits & Features
Important Milestones
Related Calculators
How to Use
- 1Enter your values in the input fields
- 2Review the calculated results
- 3Use the results for your planning
Frequently Asked Questions
What is Sukanya Samriddhi Yojana and who can open it?
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for girl children under the "Beti Bachao Beti Padhao" campaign. Parents/guardians can open account for girl child up to 10 years of age. Maximum 2 accounts per family allowed.
What is the current interest rate and minimum/maximum deposit in SSY?
Current SSY interest rate is 8.0% per annum compounded annually (Q4 2023-24). Minimum deposit is ₹250 per year and maximum is ₹1.5 lakh per year. Deposits are allowed for 15 years from account opening.
When does SSY account mature and can I withdraw before maturity?
SSY account matures when girl turns 21. Partial withdrawal of 50% is allowed when girl turns 18 for education expenses. Premature closure is allowed in exceptional circumstances like life-threatening diseases with penalty.
What are the tax benefits of Sukanya Samriddhi Yojana?
SSY offers EEE (Exempt-Exempt-Exempt) tax benefits: deposits qualify for 80C deduction up to ₹1.5 lakh, interest earned is tax-free, and entire maturity amount is tax-free. This makes it one of the best tax-saving investments.
Where can I open SSY account and what documents are required?
SSY account can be opened at any post office or authorized bank branches (SBI, PNB, ICICI, HDFC, etc.). Required documents: girl child birth certificate, guardian identity/address proof, photographs, and initial deposit amount.