The Sukanya Samriddhi Yojana (SSY) is a flagship government-backed small savings scheme launched under the 'Beti Bachao Beti Padhao' campaign. Aimed exclusively at securing the financial future of the girl child, it offers the highest risk-free interest rate among all postal schemes (currently 8.2%) and comes with full EEE (Exempt-Exempt-Exempt) tax benefits.
Use this calculator to accurately project the massive, tax-free maturity corpus you can build for your daughter's higher education and marriage.
How Does SSY Work?
You invest a fixed or variable amount every year for only 15 years, but the account continues to earn compound interest for a total of 21 years until it fully matures.
A = P(1 + r/n)^ntWhere:
- • Deposits are mandatory only for the first 15 years from account opening
- • Interest is compounded annually and credited at the end of the financial year
- • The account matures after 21 years from the date of opening
- Eligibility: Only for a girl child below 10 years of age. Maximum of 2 girls per family (3 allowed only in case of twins/triplets).
- Deposit Limits: Minimum ₹250, Maximum ₹1.5 Lakh per financial year.
- Maturity: 21 years from account opening, or when the girl marries after turning 18.
- Tax Benefits (EEE): Investments are deductible under 80C (up to ₹1.5L), the annual interest earned is tax-free, and the final maturity amount is 100% tax-free!
Example: Maximizing SSY with ₹1.5L Annually
Rahul opens an SSY account for his 1-year-old daughter. He plans to maximize the tax benefit by depositing ₹1.5 Lakh every year.
• Annual Deposit: ₹1,50,000
• Payment Term: 15 Years (Total Deposit: ₹22.50 Lakhs)
• Total Term: 21 Years (Interest continues for years 16-21 without deposits)
• Interest Rate: 8.2% p.a.
Result: When his daughter turns 22, the account matures. Rahul receives a massive ₹69.3 Lakhs, completely tax-free, easily covering her higher education or marriage costs.
SSY vs PPF vs Children's Mutual Funds
Where should you invest for your daughter?
| Feature | SSY | PPF | Children's Equity Fund |
|---|---|---|---|
| Returns | 8.2% (Fixed, Govt backed) | 7.1% (Fixed, Govt backed) | 12-15% (Market Risk) |
| Tax Benefit | EEE (100% Tax Free) | EEE (100% Tax Free) | LTCG Tax > ₹1.25L |
| Lock-in | Until 21 Years / Marriage | 15 Years | 5 Years / Age 18 |
| Contribution Period | 15 Years only | Full 15 Years | Flexible |
| Purpose | Strictly Girl Child | General / Retirement | Any Goal |
Frequently Asked Questions
⚠️ Disclaimer
The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.