SSY Calculator
Calculate maturity value of Sukanya Samriddhi Yojana investment.
Effective Returns:
Total Deposited
₹22,50,000
Total Interest
₹49,32,119
Maturity Value
₹71,82,119
Input fields:
Estimated Maturity Year: 2046
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Explanation
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao campaign, designed to encourage savings for the girl child's education and marriage expenses.
Key Features
Minimum deposit: ₹250/year. Maximum: ₹1,50,000/year. Deposits are made for the first 15 years, while the account matures in 21 years from the date of opening. Partial withdrawal (up to 50%) is allowed after the girl turns 18.
Tax Benefits
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status — investments qualify for Section 80C deduction, interest earned is tax-free, and the maturity amount is also tax-free.
Formula
The account earns annual compound interest. Deposits for years 1–15, with interest accruing for all 21 years.
SSY Calculator — FAQs
The account can be opened for a girl child below 10 years of age. A family can open a maximum of 2 SSY accounts (for 2 daughters).
A penalty of ₹50 per year is charged for default. The minimum deposit of ₹250 must be made each year for the first 15 years to keep the account active.
Yes, the girl child can operate the account after turning 18. Before that, the guardian operates it on her behalf.
The account matures 21 years from the date of opening or upon marriage of the girl after she turns 18, whichever is earlier.
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