SSY Calculator
Key Takeaway
Sukanya Samriddhi Yojana (SSY) for girl children offers 8.2% tax-free interest with a 21-year maturity. ₹1.5 lakh annual investment grows to approximately ₹69.3 lakh by maturity , fully tax-exempt.
Limit: Minimum deposit of ₹250 and maximum of ₹1.5 Lakhs per financial year.
Note: SSY accounts can only be opened for girls below the age of 10 years.
SSY Wealth Compounding Projection
What to do next
Based on your SSY Calculator, here are the tools you should try next:
Advertisement
Securing Your Daughter's Future
The Sukanya Samriddhi Yojana (SSY) is arguably the best debt instrument available in India. Backed by a sovereign guarantee, offering higher interest rates than PPF, and enjoying EEE (Exempt-Exempt-Exempt) tax status, it is an unbeatable, risk-free vehicle for funding a girl child's higher education.
The Ultimate Gift: Rajesh's Promise to Ananya
Rajesh decides to maximize the benefit by depositing the maximum limit of ₹1.5 Lakhs every year for 15 years.
Assuming an average historical interest rate of 8.2%:
- Total Principal Invested: ₹22.5 Lakhs (Over 15 years).
- From Year 16 to 21, he deposits nothing, but the massive corpus continues to earn 8.2% interest.
- **Final Maturity Value at Year 21:** Roughly **₹70 Lakhs!**
This entire ₹70 Lakhs is completely tax-free upon withdrawal. Rajesh has single-handedly funded Ananya's ivy-league MBA or her dream startup capital, with zero market risk and massive tax deductions along the way.
Sukanya Samriddhi: The Most Tax-Efficient Gift You Can Give Your Daughter
When Priya's daughter Kavya was born in 2020, her parents were overwhelmed with advice: open an FD, buy gold, start an LIC policy. Instead, they opened an SSY account with ₹5,000 and set up a monthly auto-transfer. By Kavya's 18th birthday, that account , with consistent annual deposits , could hold enough for her entire engineering degree, tax-free.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme exclusively for girl children under age 10. It currently earns 8.2% p.a. (reviewed quarterly), has full EEE tax status (contribution deductible under 80C, interest and maturity tax-free), and matures when the girl turns 21 (or at 18 for marriage).
The account allows deposits from ₹250 to ₹1.5 lakh per year. You can open it at any post office or authorised bank. Partial withdrawal (up to 50%) is allowed at age 18 for higher education expenses , making it perfectly timed for college funding.
SSY's 8.2% EEE yield, when converted to pre-tax equivalent for a 30% bracket investor, is approximately 11.9%. No fixed-income instrument comes close to that effective yield. For any parent of a girl child in India, opening SSY is a non-negotiable financial priority.
Frequently Asked Questions
What is the Sukanya Samriddhi Yojana?
SSY is a government savings scheme for the girl child. It offers 8.2% interest (2024-25), tax-free returns under EEE status, and a 21-year maturity from the date of opening. Deposits can be made for 15 years.
What is the minimum and maximum deposit?
Minimum deposit is ₹250 per year and maximum is ₹1.5 Lakh per year. The account can be opened for a girl child below 10 years of age, with a maximum of two accounts (one per girl child).
Compare & Open a Demat Account
Disclosure:These are unbiased affiliate links. We may earn a commission if you open an account, at no extra cost to you. We recommend comparing platforms and selecting the one that best fits your financial needs.
Get Smarter With Money Every Week
Join 10,000+ readers. One actionable money tip delivered free every Sunday.
Was this calculator helpful?
Grow Your Service Business Online
Spend less time managing appointments and more time growing your business. Accept appointments 24/7, manage walk-ins, schedule staff, and track revenue from one place.
Advertisement