Sukanya Samriddhi Yojana (SSY) Calculator

Plan your daughter's future with the SSY calculator. Estimate maturity amount, interest earned, and annual contributions.

Investment Details

₹ 1,00,000
Min: ₹250, Max: ₹1,50,000 per year
5 Years
Age at account opening (0-10 years)
8.2 %
Interest rate is subject to change quarterly by government.

Maturity Amount

₹ 0

Total Investment

₹ 0

Total Interest Earned

₹ 0

Year-wise Growth (Investment & Interest)

Year Age of Girl Child Investment Made Interest Earned Closing Balance

Sukanya Samriddhi Yojana (SSY): A Guide to Your Daughter's Future

The SSY scheme is a government-backed savings plan in India designed to encourage parents to build a fund for their daughter's education and marriage expenses.

What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) is a small deposit scheme for the girl child, launched as a part of the 'Beti Bachao Beti Padhao' campaign. It is designed to ensure a bright future for girl children by promoting savings for their education and marriage.

Parents or legal guardians can open an SSY account for a girl child under the age of 10 years. One girl child can have only one SSY account.

Key Features of SSY

  1. High Interest Rate
    SSY offers one of the highest interest rates among small savings schemes, reviewed quarterly by the government.
  2. Tax Benefits (EEE)
    Contributions to SSY are eligible for deduction under Section 80C of the Income Tax Act. The interest earned and the maturity amount are also tax-exempt, making it an Exempt-Exempt-Exempt (EEE) scheme.
  3. Long-term Investment
    Deposits can be made for 15 years from the date of account opening. The account matures after 21 years from the date of opening or upon the girl's marriage after attaining 18 years of age.
  4. Flexible Contributions
    A minimum of ₹250 and a maximum of ₹1,50,000 can be deposited in a financial year.

How the SSY Calculator Works

Our SSY calculator helps you estimate the maturity value of your investment based on your annual contributions, the girl child's age, and the prevailing interest rate. It provides a year-wise breakdown of your investment and the interest earned, giving you a clear picture of your savings growth.

This tool is invaluable for financial planning, allowing you to set realistic goals for your daughter's future education and marriage expenses.

Frequently Asked Questions

You can deposit a minimum of ₹250 and a maximum of ₹1,50,000 in a financial year into an SSY account.

The SSY account matures after 21 years from the date of opening, or upon the marriage of the girl child after she attains the age of 18 years, whichever is earlier.

Partial withdrawal (up to 50% of the balance) is allowed after the girl child attains 18 years of age, for the purpose of higher education expenses. Full withdrawal is only allowed upon maturity or marriage of the girl child (after 18).