Sukanya Samriddhi Yojana Calculator: Save for Your Daughter

SSY is one of the best schemes for a girl child’s future — safe, high interest and tax-free. This calculator shows the maturity.

What is it?

Sukanya Samriddhi Yojana lets parents of a girl under 10 invest yearly. Deposits run for 15 years and mature when she turns 21.

How is it calculated?

Each yearly deposit compounds annually at the scheme rate (currently around 8.2%) until maturity at age 21.

Example

₹1.5 lakh a year for 15 years at 8.2% can grow to well over ₹65 lakh by maturity.

Key things to know

• Open before the girl turns 10.
• Deposits for 15 years; maturity at her age 21.
• Fully tax-free (EEE) and 80C eligible.
• Partial withdrawal allowed for higher education at 18.

What to do next

SSY accounts open at banks and post offices.

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Frequently asked questions

Who can open it?
A parent or guardian, for a girl under 10.

Is maturity tax-free?
Yes, SSY is fully tax-free (EEE).

What’s the maximum deposit?
₹1.5 lakh per year.

Disclaimer: This article is for general information only and is not financial or tax advice. Consult a qualified advisor before making investment or tax decisions.