SSY Calculator
Calculate the maturity amount and interest earned for your daughter's Sukanya Samriddhi Yojana (SSY) account.
Investment Details
Max age to open SSY is 10 years.
Compounded annually
Maturity Amount
Matures in 2046 (Age 22)
Total Investment
Over 15 years
Total Interest
Tax-free returns
Wealth Distribution
SSY Insights
Your total investment of ₹22,50,000 will grow to ₹71,82,119 by the time your daughter turns 22.
Interest makes up 68.7% of the final maturity amount, showing the power of compounding.
EEE Tax Benefit: The entire maturity amount of ₹71,82,119 is completely tax-free under Section 10(10D).
Year-on-Year Growth
| Year | Child's Age | Total Investment | Total Interest | Balance |
|---|---|---|---|---|
| 2026 | 1 Years | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2027 | 2 Years | ₹3,00,000 | ₹37,909 | ₹3,37,909 |
| 2028 | 3 Years | ₹4,50,000 | ₹77,917 | ₹5,27,917 |
| 2029 | 4 Years | ₹6,00,000 | ₹1,33,506 | ₹7,33,506 |
| 2030 | 5 Years | ₹7,50,000 | ₹2,05,954 | ₹9,55,954 |
| 2031 | 6 Years | ₹9,00,000 | ₹2,96,642 | ₹11,96,642 |
| 2032 | 7 Years | ₹10,50,000 | ₹4,07,067 | ₹14,57,067 |
| 2033 | 8 Years | ₹12,00,000 | ₹5,38,846 | ₹17,38,846 |
| 2034 | 9 Years | ₹13,50,000 | ₹6,93,732 | ₹20,43,732 |
| 2035 | 10 Years | ₹15,00,000 | ₹8,73,618 | ₹23,73,618 |
| 2036 | 11 Years | ₹16,50,000 | ₹10,80,554 | ₹27,30,554 |
| 2037 | 12 Years | ₹18,00,000 | ₹13,16,760 | ₹31,16,760 |
| 2038 | 13 Years | ₹19,50,000 | ₹15,84,634 | ₹35,34,634 |
| 2039 | 14 Years | ₹21,00,000 | ₹18,86,774 | ₹39,86,774 |
| 2040 | 15 Years | ₹22,50,000 | ₹22,25,989 | ₹44,75,989 |
| 2041 | 16 Years | ₹22,50,000 | ₹25,93,020 | ₹48,43,020 |
| 2042 | 17 Years | ₹22,50,000 | ₹29,90,148 | ₹52,40,148 |
| 2043 | 18 Years | ₹22,50,000 | ₹34,19,840 | ₹56,69,840 |
| 2044 | 19 Years | ₹22,50,000 | ₹38,84,767 | ₹61,34,767 |
| 2045 | 20 Years | ₹22,50,000 | ₹43,87,818 | ₹66,37,818 |
| 2046 | 21 Years | ₹22,50,000 | ₹49,32,119 | ₹71,82,119 |
Understanding Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana (SSY) is a small deposit scheme of the Government of India meant exclusively for a girl child. Launched as a part of the 'Beti Bachao Beti Padhao' campaign, the scheme is meant to meet the education and marriage expenses of a girl child.
Key Features of SSY
- Account Opening: Can be opened by parents or legal guardians for a girl child below the age of 10 years.
- Maximum Accounts: Only one account per girl child. Maximum of two accounts in a family (three in case of twins/triplets).
- Investment Period: Deposits need to be made for 15 years from the date of opening the account.
- Maturity: The account matures 21 years after the date of opening.
- Partial Withdrawal: Up to 50% of the balance can be withdrawn for higher education once the girl reaches 18 years of age or passes 10th standard.
Tax Benefits (EEE Status)
SSY is one of the few investment options in India that falls under the highly coveted Exempt-Exempt-Exempt (EEE) tax status:
1. Investment
The amount invested annually (up to ₹1.5 Lakh) is eligible for tax deduction under Section 80C.
2. Interest
The interest earned every year is completely tax-free.
3. Maturity
The final maturity amount withdrawn is entirely tax-free in the hands of the receiver.
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India targeted at the parents of girl children. It encourages parents to build a fund for the future education and marriage expenses of their female child.
What is the current interest rate for SSY?
The interest rate for SSY is reviewed quarterly by the government. Currently, it offers an attractive interest rate of 8.2% per annum, compounded annually.
What is the investment period and maturity period?
You need to invest in the SSY account for 15 years from the date of opening. The account matures 21 years after the date of opening, or at the time of marriage of the girl child (after she attains 18 years of age).
What are the tax benefits of SSY?
SSY falls under the Exempt-Exempt-Exempt (EEE) tax category. The investment made (up to ₹1.5 lakh per year) is deductible under Section 80C. The interest earned and the maturity amount are also completely tax-free.
What is the minimum and maximum investment limit?
The minimum annual investment required to keep the account active is ₹250. The maximum amount that can be invested in a financial year is ₹1,50,000.