SSY Calculator
Calculate the maturity value of your Sukanya Samriddhi Yojana (SSY) investment for your daughter's future.
Yearly Investment (₹)
₹
Girl's Age (Years)
Yr
Current SSY Interest Rate: 8.2% p.a.
Maturity Value (Year 2047)
Your daughter will be 22 years old at maturity₹ 47,88,079
Total Invested (15 Yrs)
₹ 15,00,000
Total Interest
₹ 32,88,079
What is Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana is a government-backed savings scheme launched as part of the "Beti Bachao, Beti Padhao" campaign. It encourages parents to build a fund for the future education and marriage expenses of their female child.
Key Rules of SSY
- Eligibility: Account can be opened by parents/guardians for a girl child below the age of 10.
- Deposit Limits: Minimum deposit is ₹250 and maximum is ₹1.5 Lakh per financial year.
- Tenure: You need to deposit money for 15 years. The account matures after 21 years from the date of opening.
- Tax Benefits: Like PPF, SSY falls under the EEE category. Deposits (up to ₹1.5L) get 80C deductions, and the interest and maturity amount are entirely tax-free.
- High Interest Rate: SSY typically offers higher interest rates compared to PPF and FDs. Currently, it is 8.2% p.a.