SSY Calculator
Sukanya Samriddhi Yojana maturity at 8.2% — 15 deposits, 21-year maturity.
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About this calculator
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child, offering EEE tax benefits like PPF. Deposits run for 15 financial years from account opening and the account matures after 21 years (or on marriage after age 18).
Interest compounds yearly and is notified quarterly — 8.2% since January 2024. Only one account per girl child (max two girls per family, with an exception for twins/triplets) with deposits between ₹250 and ₹1.5 lakh per year.
Formula
How to use the SSY Calculator
- Enter your planned yearly deposit (₹250 minimum, ₹1.5 lakh maximum).
- Keep the current 8.2% rate unless revised by the government.
- Maturity assumes deposits for the first 15 years and payout at 21 years.
Frequently Asked Questions
What is the current SSY interest rate?
8.2% per annum compounded yearly (January 2024 onward, reviewed quarterly). Update the rate field if the government revises it.
How long do I deposit vs when does it mature?
You deposit for 15 years from opening; the account keeps earning interest until 21 years, when the full tax-free maturity is paid.
Is SSY interest taxable?
No — like PPF, SSY has EEE status: 80C deduction on deposits, tax-free interest, tax-free maturity.
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