Sukanya Samriddhi (SSY)
SSY maturity value — 8.2% tax-free savings for your daughter
Min ₹250, max ₹1.5L/year. Deposit before 5 April for full-year interest.
Current: 8.2% p.a. (Oct 2024). Govt sets quarterly.
Account can be opened from birth up to age 10
SSY Corpus Growth — 21 Years
Deposits for 15 years; account matures at 21 years; EEE instrument
Key Milestones
Account opens
Open by age 10. EEE instrument — fully tax-free.
Girl age: 0 years
Deposits end
15 years of deposits. Balance keeps earning interest.
Girl age: 15 years
Partial withdrawal available
Girl turns 18; 50% of balance at end of year 17 available
₹26.20 L
Balance at age 18
Account can be closed for marriage after 18
₹56.70 L
Account matures
Girl age: 21. Full corpus tax-free.
₹71.82 L
SSY Rules & Tips
→ EEE: deposit (80C up to ₹1.5L), interest, and maturity are 100% tax-free — one of the best risk-free instruments.
→ Deposit before April 5 each year to earn interest for the full year (like PPF).
→ Max 2 accounts per family (one per girl child). Third girl is allowed only if first birth was twins.
→ Partial withdrawal (50%) allowed after girl turns 18, for higher education or marriage only — with proof.
→ Account can be closed for marriage after 18. Premature closure otherwise only for serious illness or guardian's death.
→ Currently highest risk-free post-tax return among all small savings schemes at 8.2% p.a.
FAQ
Sukanya Samriddhi (SSY) — FAQ
Common questions about this calculator
8.2% per annum for Q4 FY 2024-25, compounded annually. It's among the highest government-backed rates.
Calculations are approximate and for educational purposes only. Excludes surcharge for income above ₹50L. Consult a Chartered Accountant for personalised tax advice.