Sukanya Samriddhi Yojana (SSY) Calculator: 8.2% Return & Maturity Estimator
The Sukanya Samriddhi Yojana (SSY) is the Government of India's premier small savings scheme designed to secure the financial future of the girl child. Calculate your maturity corpus, compound returns across the 15-year deposit and 21-year maturity timeline, and tax benefits.
SSY Investment Details
Govt Rate: 8.2% p.a.Maturity occurs when girl child reaches age 22 (21 years from opening).
Deposits are required only for the first 15 years. During the remaining 6 years (Years 16 to 21), your corpus earns sovereign 8.2% compound interest with zero mandatory deposits!
Tax-free wealth in Indian notation: ₹71.8 L.
Verified Mathematical Case Studies
Depositing ₹1,50,000 per year for 15 years results in a total investment of ₹22,50,000. Compounding at 8.2% p.a. through Year 21 yields ₹46,84,572 in interest, creating an immense tax-free corpus of ₹69,34,572 for the girl child at age 22.
A modest annual deposit of ₹50,000 over 15 years accumulates ₹7,50,000 in capital and generates ₹15,61,524 in sovereign guaranteed compound interest, delivering ₹23,11,524 at maturity.
Key Statutory Guidelines of the Sukanya Samriddhi Scheme
Notified under the Sukanya Samriddhi Account Rules, 2019, this sovereign initiative offers parents and legal guardians an unbeatable combination of safety, high interest, and triple tax exemptions.
1. Eligibility & Account Opening
- An account can be opened in the name of a girl child from her birth up to the age of 10 years.
- Only one account per girl child is permitted, with a maximum of two accounts per family (exceptions apply for triplets or twins born in the second order).
- Accounts can be opened at any authorized post office or commercial bank branch across India.
2. The 15-Year Deposit vs 21-Year Maturity Dynamic
A common point of confusion is the payment duration versus tenure:
- Deposit Horizon: Contributions must be made annually for exactly 15 years from account inception.
- Maturity Horizon: The account matures on the completion of 21 years from the opening date.
- During the intervening 6 years, your money enjoys undisturbed compounding at the sovereign rate without any requirement to deposit additional funds.
3. Partial Withdrawal for Higher Education
To support milestone academic requirements, partial withdrawal of up to 50% of the balance standing at the end of the preceding financial year is permitted once the girl child attains the age of 18 years or completes Grade 10, upon submission of proof of confirmed admission.
Frequently Asked Questions
What is the current interest rate for Sukanya Samriddhi Yojana (SSY)?
The statutory interest rate for Sukanya Samriddhi Account is 8.2% per annum, compounded annually. It offers the highest sovereign guaranteed yield among all Indian government small savings schemes.
How long do I need to pay in Sukanya Samriddhi Yojana?
Under statutory SSA Rules 2019, deposits must be made for exactly 15 years from the date of account opening. The account matures upon completion of 21 years. During the remaining 6 years (Years 16 to 21), no deposits are required, but the entire balance earns 8.2% annual compound interest.
Can money be withdrawn before 21 years in SSY?
Yes. Up to 50% of the account balance at the end of the preceding financial year can be withdrawn for higher education expenses after the girl child turns 18 years of age or passes the 10th standard. The account can also be closed prematurely for her marriage after turning 18.
Is Sukanya Samriddhi Yojana 100% tax-free?
Yes. Sukanya Samriddhi Yojana carries triple Exemplary Exempt-Exempt-Exempt (EEE) status: deposits qualify for Section 80C deduction up to ₹1.5 Lakh, annual interest is completely tax-free under Section 10(11A), and the full maturity payout is 100% tax-free.
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Disclaimer: This tool provides computational estimates for educational and informational purposes only. It does not constitute personal financial, tax, or legal advice. Consult a certified financial planner or CA for specific advice.