Sukanya Samriddhi Yojana (SSY) Calculator
Estimate maturity corpus and wealth accumulated for your daughter's higher education and future under the SSY government scheme.
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
Frequently Asked Questions
What is the maturity period of a Sukanya Samriddhi account?
An SSY account matures 21 years after opening. Active contributions/deposits are required only for the first 15 years, after which the accumulated funds compound automatically for another 6 years until maturity.
Are SSY accounts tax-free?
Yes, SSY enjoys EEE tax status. This means deposits are tax-deductible under Section 80C up to ₹1.5 Lakhs annually, interest earned is tax-exempt, and the final maturity amount at 21 years is 100% tax-free.
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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.
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