Sukanya Samriddhi Yojana (SSY) Calculator
Calculate SSY maturity amount for your daughter's future. India's best girl child savings scheme with 8.2% tax-free interest (FY 2024-25).
This calculator is designed for India — rates and rules are based on Indian regulations. Outside India? Try our Child Savings Calculator →
Min ₹250 / Max ₹1,50,000 per year · Rate: 8.2% p.a. (FY 2024-25) · Tenure: 21 years
How to use
- Enter annual deposit amount (₹250 to ₹1,50,000).
- The calculator uses current SSY interest rate of 8.2% p.a.
- See maturity amount after 21 years with year-by-year breakdown.
- Interest and maturity are completely tax-free.
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Sukanya Samriddhi Yojana (SSY) is a Government of India savings scheme specifically for the girl child, launched under the Beti Bachao Beti Padhao initiative. It offers one of the highest guaranteed returns among small savings schemes at 8.2% per annum (FY 2024-25), compounded annually. The scheme qualifies as EEE (Exempt-Exempt-Exempt) — contributions qualify for 80C deduction, interest earned is tax-free, and the maturity amount is tax-free.
An account can be opened for a girl child below 10 years of age at a post office or authorised bank. The minimum deposit is ₹250 and maximum is ₹1.5 lakhs per year. Deposits must be made for 15 years from account opening; the account then earns interest for another 6 years without deposits and matures at 21 years. Partial withdrawal of up to 50% is allowed after the girl turns 18, for education expenses.
Frequently Asked Questions
Who can open an SSY account?
A parent or legal guardian can open one SSY account per girl child, for a maximum of two girl children per family (three in case of twins). The girl must be below 10 years of age at the time of account opening.
What is the current SSY interest rate?
8.2% per annum for FY 2024-25, compounded annually. The rate is reviewed every quarter by the government and has ranged from 7.6% to 9.2% historically.
When can I withdraw from SSY?
Partial withdrawal of up to 50% of the previous year's balance is allowed once the girl turns 18, for higher education expenses. Full withdrawal is allowed at maturity (21 years) or on marriage of the girl after age 18.
What happens if I miss a year's deposit?
The account becomes inactive if the minimum ₹250 is not deposited. It can be reactivated by paying ₹50 penalty per year of default plus the minimum deposit for each missed year.
Disclaimer: Results are estimates for informational purposes only and do not constitute financial, tax, or investment advice. Figures may vary based on actual terms. Always consult a qualified financial advisor before making financial decisions.