Sukanya Samriddhi Yojana (SSY) Calculator
Plan your daughter's future with our free Sukanya Samriddhi Yojana calculator. Estimate returns, maturity amount, and plan your investments effectively.
Sukanya Samriddhi Yojana Calculator
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government-backed small savings scheme launched as part of the "Beti Bachao, Beti Padhao" campaign. It's designed specifically for the girl child, allowing parents or legal guardians to secure their daughter's future education and marriage expenses.
Key Features of Sukanya Samriddhi Yojana
High Interest Rate
Currently offering an attractive interest rate of 8.2% per annum (reviewed quarterly)
Tax Benefits
Investments qualify for tax deduction under Section 80C of Income Tax Act
Long-term Investment
Account matures after 21 years from the date of opening
Partial Withdrawal
Allowed after the girl child turns 18 for education or marriage purposes
Minimum Investment
Start with as little as ₹250 per year
Maximum Investment
Up to ₹1.5 lakhs per financial year
How to Use This Calculator
Our Sukanya Samriddhi Yojana calculator is simple to use. Just follow these steps:
- Enter yearly investment amount (₹250 to ₹1,50,000)
- Select daughter's age (below 10 years)
- View projected maturity amount
Why Plan with SSY?
The Sukanya Samriddhi Yojana offers one of the highest interest rates among government-backed schemes. With compound interest calculated yearly, your investment grows significantly over time.
Frequently Asked Questions
A parent or legal guardian can open an account for a girl child who is below 10 years of age. A maximum of two accounts can be opened for two girl children in a family. In case of twins/triplets, an exception allows for more than two accounts.
You can open an SSY account at any authorized bank branch or post office across India.
If you miss a yearly deposit, your account becomes inactive. You can reactivate it by paying a penalty of ₹50 per year of default along with the minimum yearly deposit.
Partial withdrawal (up to 50% of the balance) is allowed after the girl child turns 18 years for higher education or marriage expenses. Full premature closure is allowed in case of exceptional circumstances.
You'll need the birth certificate of the girl child, address and ID proof of the parent/guardian, and recent passport-sized photographs.