SSY Calculator: ₹125,000/year - Sukanya Samriddhi

What is Sukanya Samriddhi Yojana (SSY)?

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 as part of the 'Beti Bachao Beti Padhao' initiative. It is specifically designed to encourage parents to build a dedicated corpus for their daughter's future education and marriage expenses. Because it is backed by the Government of India, it offers near-zero risk and one of the highest interest rates among all small savings schemes.

For the current financial year (FY 2026-27), the SSY interest rate is fixed at 8.2% (compounded annually). The scheme requires a minimum annual deposit of ₹250 and allows up to ₹1.5 Lakhs per year. The account has a total tenure of 21 years from the date of opening, though deposits are only required for the first 15 years.

SSY Maturity Formula + Example

The maturity amount for Sukanya Samriddhi Yojana is calculated using compound interest. Since the interest rate is reviewed quarterly by the government, the final amount can vary, but the formula remains: A = P(1 + r/n)^nt

Example Calculation: For an investment of ₹1.5L annually for 15 years, and interest at 8.2%%:
- Total Investment: Structured
- Total Interest Earned: Optimized
- Total Maturity (after 21 years): ₹71.82 L (completely tax-free). This demonstrates the massive power of compounding over a 21-year horizon.

Triple Tax Exemption (EEE Status)

SSY is one of the few investment instruments in India that carries the coveted EEE (Exempt-Exempt-Exempt) status:
1. Exempt on Investment: Deposits made are eligible for deduction under Section 80C (up to ₹1.5 Lakh/year).
2. Exempt on Accumulation: The interest earned annually is 100% tax-free.
3. Exempt on Maturity: The final corpus received after 21 years is also 100% tax-free.

Selvamagal Semippu Thittam (Tamil Nadu)

In Tamil Nadu, the Sukanya Samriddhi Yojana is widely known and searched as the Selvamagal Semippu Thittam. Whether you are looking for the "Post Office Girl Child Scheme" or specifically searching for Selvamagal Semippu Thittam interest rates, the rules remain the same. Our calculator is the perfect tool for Tamil Nadu residents to estimate their daughter's future wealth in their native context.

SSY vs PPF — Which is Better?

While both SSY and Public Provident Fund (PPF) offer EEE tax benefits and government security, SSY usually wins for a girl child's goal.
- Interest Rate: SSY (8.2%) currently offers significantly higher returns than PPF (7.1%).
- Lock-in: PPF has a 15-year tenure (renewable), while SSY lasts 21 years or until marriage after age 18.
- Verdict: If you have a daughter under 10, SSY is the superior wealth-builder due to the higher interest rate.

Frequently Asked Questions