Sukanya Samriddhi Yojana (SSY) Maturity Calculator
Use this free Sukanya Samriddhi Yojana (SSY) Maturity Calculator to estimate the total maturity amount based on your current balance, yearly or monthly contributions, interest rate, and investment duration. Get a clear view of your savings growth over 21 years.
FAQs
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched to encourage parents to save for their girl child's future education and marriage. It offers attractive interest rates along with tax benefits under Section 80C.
A parent or guardian can open an SSY account in the name of their girl child below 10 years of age. Only one account is allowed per girl child.
The account matures 21 years from the date of opening or upon the marriage of the girl after she turns 18 years, whichever is earlier.
Minimum deposit is ₹250 per year. Maximum deposits allowed are ₹1,50,000 per year (or ₹12,500 per month if depositing monthly). Deposits can be made in lump sum or installments.
The interest rate is set by the government quarterly and is compounded annually. Interest is calculated on the minimum balance between the 5th and last day of each month.
Partial or full withdrawal before maturity is allowed only under specific circumstances such as higher education or marriage of the girl after she reaches 18 years of age.
Yes. Deposits qualify for deduction under Section 80C of the Income Tax Act, and the interest earned is tax-free.