Sukanya Samriddhi Calculator

Calculate SSY maturity amount, interest earned for girl child savings scheme with current interest rates

Min: ₹250, Max: ₹1.5 lakh per year
Account can be opened till 10 years
Current rate: 8.2% p.a. (reviewed quarterly)

SSY Maturity Analysis

₹0.00 Maturity Amount
₹0.00 Total Investment
₹0.00 Interest Earned
Maturity Date: --
Effective CAGR: 0.00%
Tax Status: Tax Free
Typically 21 for marriage, 22-25 for higher education

SSY Investment Planning

₹0.00 Required Annual Investment
₹0.00 SSY Amount at Target
₹0.00 Shortfall Amount
Investment Period: 0 years
Goal Achievement: --
Additional Savings Needed: ₹0.00

SSY Details

Alternative Investment

Investment Scheme Comparison

₹0.00 SSY Advantage
₹0.00 SSY Maturity
₹0.00 Alternative Maturity
Better Option: --
Advantage Percentage: 0.00%
Tax Benefit: --

How to Use the Sukanya Samriddhi Calculator

Our comprehensive Sukanya Samriddhi calculator provides essential tools for girl child investment planning under this government scheme:

👧 SSY Maturity Calculator

Calculate SSY maturity using compound interest formula: A = P(1+r)^n for annual investments. Current interest rate: 8.2% p.a. (compounded annually). Minimum investment: ₹250, Maximum: ₹1.5 lakh per year. Investment period: 15 years, maturity: 21 years from account opening. Account can be opened till girl child's 10th birthday. Completely tax-free under EEE status.

📊 Investment Planning Tool

Plan investments for specific financial goals like marriage or higher education. For ₹50 lakh target at girl's age 21, starting at age 5: need ₹1.25 lakh annual investment. SSY offers highest guaranteed returns among all government schemes for girl children. Plan additional investments through mutual funds or PPF if SSY alone insufficient for goals.

⚖️ Scheme Comparison

Compare SSY with other tax-saving investments. SSY advantages: Highest interest rate among government schemes, complete tax exemption, exclusive for girl child welfare. PPF offers 7.1%, NSC 6.8%, FD 5-7%. SSY 8.2% rate makes significant difference over 21 years. ₹1 lakh annual investment: SSY gives ₹72 lakh vs PPF ₹54 lakh at maturity.

SSY Benefits: EEE tax status (exempt on investment, growth, and withdrawal), inflation-beating returns, government guarantee, promotes girl child welfare, can be transferred anywhere in India, partial withdrawal allowed after 18 years for higher education/marriage. Lock-in period ensures disciplined long-term savings for daughter's future.

Frequently Asked Questions

What is Sukanya Samriddhi Yojana and its current interest rate?
Sukanya Samriddhi Yojana (SSY) is government savings scheme for girl child welfare. Current interest rate: 8.2% p.a. (reviewed quarterly). Account matures in 21 years from opening. Investment for 15 years only. Minimum investment: ₹250/year, Maximum: ₹1.5 lakh/year. Complete tax exemption under EEE status. Can be opened till girl's 10th birthday.
How is SSY maturity amount calculated?
SSY maturity calculated using compound interest for 21 years. Formula: A = P(1+r)^n for annual investments. Example: ₹1.5 lakh annual investment for 15 years at 8.2% = ₹72.2 lakh maturity amount. After 15 years, no more investments allowed but money continues to grow at current interest rate till 21st year. Interest compounded annually.
What are the tax benefits of SSY?
SSY offers EEE tax status: Investment deduction under Section 80C (up to ₹1.5 lakh), Interest earned is tax-free, Maturity amount completely tax-free. No TDS deducted. Annual investment of ₹1.5 lakh saves ₹46,350 tax (30% bracket). Total tax saving over 15 years can be ₹6.95 lakh plus tax-free returns.
Can I withdraw money from SSY before maturity?
Partial withdrawal allowed after girl turns 18 for higher education or marriage expenses. Maximum 50% of previous year balance can be withdrawn. Account can be closed after 18 years with reduced interest rate. Premature closure allowed in exceptional circumstances like life-threatening disease. Account automatically closes when girl child gets married after turning 18.
How many SSY accounts can I open?
Maximum 2 SSY accounts per family (one per girl child). In case of twins/triplets in second delivery, third account allowed with medical certificate. Account can be opened at post office or authorized banks. Only natural/legal guardian can operate account till girl turns 18. Account can be transferred from post office to bank or vice versa. Self-operation starts after girl's 18th birthday.