SSY Calculator
Calculate maturity amount for Sukanya Samriddhi Yojana (Girl Child Scheme).
Secure Her Future: The Sukanya Samriddhi Yojana Guide
The Sukanya Samriddhi Yojana (SSY) is one of the most powerful government-backed savings schemes in India, designed exclusively for the girl child under the “Beti Bachao, Beti Padhao” initiative. It offers a triple-exempt (EEE) tax benefit, meaning your investment, interest earned, and maturity amount are all tax-free.
Key Features of SSY
- Interest Rate: 8.2% per annum (Current rate for 2025-26), compounded annually.
- Investment Limits: Minimum ₹250/year, Maximum ₹1.5 Lakh/year.
- Tenure: The account matures 21 years after opening.
- Deposit Period: You only need to deposit money for the first 15 years. For the remaining 6 years, your corpus continues to earn interest without new deposits.
*Fig 1. SSY Investment Timeline: 15 Years Payment, 21 Years Maturity*
Why Choose SSY Over FD or PPF?
SSY currently offers a higher interest rate (8.2%) compared to PPF (7.1%) and most Bank FDs. Additionally, unlike FDs where interest is taxable, SSY interest is 100% tax-free under Section 10 of the Income Tax Act. The lock-in period ensures disciplined savings for significant life goals like higher education or marriage.
Withdrawal Rules
- Partial Withdrawal: Up to 50% of the balance can be withdrawn for the girl’s higher education once she turns 18 or passes the 10th standard.
- Premature Closure: Allowed if the girl gets married after turning 18.
- Maturity: Full withdrawal allowed after the completion of 21 years from the date of account opening.
Frequently Asked Questions
A natural or legal guardian can open an account for a girl child who is below 10 years of age. Only one account is allowed per girl child, and a maximum of two accounts per family (exceptions for twins/triplets).
No. You only need to make deposits for the first 15 years from the date of account opening. For the remaining 6 years (until the 21st year), the account remains active and continues to earn interest on the accumulated balance.
If the minimum deposit of ₹250 is not made in a financial year, the account is considered “in default”. It can be revived by paying a penalty of ₹50 for each defaulted year along with the minimum deposit amount.
No, the interest rate is not fixed. It is reviewed and declared by the government on a quarterly basis. However, once interest is credited to your account, it compounds annually.
Yes, the account can be closed prematurely for the purpose of the girl’s marriage, provided she has attained the age of 18 years. You will need to furnish age proof and a marriage declaration.