PocketSukanya Samriddhi Yojana (SSY) Calculator
Plan for your girl child's future. Calculate the maturity amount and interest returns of the Sukanya Samriddhi Yojana at the current government rate.
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Est. Maturity Amount
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Total Principal Invested
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Total Interest Earned
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SSY Corpus Growth (21 Year Maturity)
SSY Compounding Schedule
SSY contributions are made annually for 15 years from account opening. The account matures after 21 years. Interest compounds annually. Between Year 16 and Year 21, no fresh deposits are allowed, but the balance continues to compound at the declared interest rate.
Worked Example
If you deposit ₹1,50,000 annually at 8.2% interest starting when the girl child is 1 year old:
- Investment Period: 15 Years (Total Invested: ₹22,50,000)
- Maturity Period: 21 Years
- Estimated Maturity Corpus: ₹69,80,057
- Interest Earned: ₹47,30,057
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed savings scheme launched under the 'Beti Bachao Beti Padhao' initiative to secure the financial future of a girl child. It offers high interest rates and tax exemptions.
What is the maximum investment in SSY?
The minimum deposit required is ₹250 per year, and the maximum limit is capped at ₹1.5 Lakh per financial year, identical to Section 80C limits.
What is the tax treatment for SSY?
SSY carries EEE (Exempt-Exempt-Exempt) tax status. Contributions qualify for 80C deductions, the interest is tax-exempt, and the final maturity amount is completely tax-free.
When can the SSY account be closed prematurely?
Premature closure is allowed after the girl child turns 18 for higher education expenses (up to 50% of the balance) or in the event of her marriage (full withdrawal allowed).
How many accounts can be opened per family?
A parent can open a maximum of two SSY accounts for two distinct girl children. A third account is allowed only in case of twins/triplets birth.