SSY Calculator
Secure your daughter's future. Calculate the maturity value of your Sukanya Samriddhi Yojana investment.
SSY Calculator
Sukanya Samriddhi Yojana
Max ₹1,50,000 per year
Max age to open account is 10 years
Total Investment
₹0
Total Interest
₹0
Maturity Year
0
Maturity Value
₹0
Understanding Sukanya Samriddhi Yojana (SSY)
SSY is a small savings scheme dedicated to the welfare of the girl child. It offers one of the highest interest rates among government schemes and comes with significant tax benefits.
High Returns
The interest rate is reviewed quarterly by the government and is usually kept higher than PPF to encourage parents to save for their daughter's future.
Tax Benefits
Like PPF, SSY falls under the EEE tax category. You get tax deductions on deposits, and the interest and maturity proceeds are completely tax-free.
Calculation Logic
The SSY calculation involves two phases:
- First 15 Years: You make annual deposits. The balance earns compound interest annually.
- Next 6 Years (16th to 21st): You stop making deposits. The accumulated corpus continues to earn interest until maturity.
Our calculator handles this transition automatically to give you the precise maturity value.
Key Features
- Investment Limit: Minimum ₹250 and Maximum ₹1.5 Lakh per financial year.
- Deposit Period: You need to deposit money for 15 years from the date of account opening.
- Maturity: The account matures after 21 years.
- Partial Withdrawal: Up to 50% of the balance can be withdrawn for the girl's higher education after she turns 18.