Sukanya Samriddhi Yojana Calculator - SSY Maturity Amount
Account can only be opened up to age 10
Min: ₹250 · Max: ₹1,50,000 per year
Current SSY rate: 8.2% per annum (Q1 FY 2025-26)
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched in 2015 under the Beti Bachao Beti Padhao initiative. It helps parents build a long-term corpus for their daughter's education or marriage. With a current interest rate of 8.2% per annum and full EEE tax-free status, SSY is one of the most rewarding savings instruments available in India.
How SSY Works
- Account can be opened for a girl child below 10 years of age at any post office or authorised bank.
- Annual deposits must be made for 15 years from the account opening date.
- The account matures when the girl turns 21 years old.
- After the 15-year deposit period, the account earns interest until maturity - no further deposits needed.
- 50% partial withdrawal is allowed when the girl turns 18 for higher education expenses.
SSY Tax Benefits (EEE Status)
Exempt at Investment: Annual deposits up to ₹1.5 lakh qualify for deduction under Section 80C.
Exempt at Interest: Interest earned every year is completely tax-free.
Exempt at Maturity: The maturity amount is fully tax-free in your hands.
Frequently Asked Questions About SSY
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girl children in India, launched in 2015 as part of the Beti Bachao Beti Padhao initiative. Parents or guardians can open an account for a girl below age 10. The account matures when the girl turns 21.
What is the current SSY interest rate?
The current SSY interest rate is 8.2% per annum for Q1 FY 2025-26. The government reviews the rate every quarter. Interest is compounded annually.
What is the minimum investment in SSY?
The minimum annual deposit in SSY is ₹250 and the maximum is ₹1,50,000 per year. Deposits must be made for at least 15 years from account opening.
When does SSY account mature?
The SSY account matures when the girl turns 21. Deposits are required for only 15 years from account opening; after that the account continues earning interest until maturity without further deposits.
Can I withdraw money before maturity from SSY?
Partial withdrawal of up to 50% of the balance is allowed when the girl turns 18, for higher education. Premature closure is only permitted in exceptional circumstances such as the account holder's death or life-threatening illness.
What are the tax benefits of SSY?
SSY enjoys EEE tax status: annual deposits qualify for 80C deduction, interest earned is tax-free, and the maturity amount is fully exempt from income tax.
How many SSY accounts can I open?
A family can open a maximum of two SSY accounts - one per girl child. In case of twins or triplets at the second birth, a third account may be opened with documentation.
Is SSY better than FD for girl child savings?
SSY generally offers better returns than bank FDs - it offers a higher rate (8.2%), complete EEE tax-free status, and government backing. FD interest is taxable. For long-term goals like education or marriage, SSY is usually the better choice.
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