Calculate Sukanya Samriddhi Yojana maturity amount for your daughter. Free SSY calculator with 8.2% interest rate.
Sukanya Samriddhi Yojana (SSY) is a government savings scheme launched in 2015 under the Beti Bachao Beti Padhao programme. It is specifically designed for the financial future of the girl child in India.
SSY offers the highest interest rate among all small savings schemes — currently 8.2% per annum — with complete tax exemption (EEE status). Every middle class Indian parent with a daughter should consider SSY as a core savings vehicle for education and marriage expenses.
SSY interest is compounded annually:
Balance = Previous balance + Annual deposit + Interest
Interest = (Previous balance + Annual deposit) × 8.2%
Key SSY rules:
• Account can be opened for girls aged 0-10 years
• Deposits for first 15 years only (account continues to earn interest for 21 years from opening)
• 50% partial withdrawal allowed when girl turns 18 (for education)
• Full maturity at 21 years from account opening
• Tax: EEE — deposit (80C), interest (tax-free), maturity (tax-free)
1. Enter daughter's current age — account can be opened up to age 10
2. Enter yearly deposit — minimum ₹250, maximum ₹1.5 lakh per year
3. Set SSY interest rate — currently 8.2% (revised quarterly by government)
4. Calculate to see maturity amount when daughter turns 21, total deposited, and total interest earned
• Highest interest rate: 8.2% — higher than PPF (7.1%), FD, and most debt instruments
• Triple tax exemption: 80C deduction + tax-free interest + tax-free maturity
• Government-backed: Zero credit risk — backed by sovereign guarantee
• Partial withdrawal: 50% for girl's higher education from age 18
• Marriage use: Can be closed after girl turns 18 for marriage expenses
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