What is the maximum age to open an SSY account?

The girl child must be 10 years or younger at the time of account opening. A grace period of one year is sometimes allowed.

For how many years do I need to deposit in SSY?

You only need to deposit money for the first 15 years. The account continues to earn interest until it matures at the end of 21 years.

Yes, SSY falls under the EEE (Exempt-Exempt-Exempt) category. The investment (under 80C), the interest earned, and the maturity amount are all tax-free.

Sukanya Samriddhi Yojana (SSY) Calculator

Secure your daughter's future. Calculate maturity amount and visualize growth for education or marriage goals.

Inputs

Yearly Investment (₹) (Min ₹250 - Max ₹1.5 Lakh)

₹

Girl Child's Age (Years)

Maximum entry age is 10 years.

Interest Rate (%) Current Govt Rate: ~8.2%

Estimated Maturity Amount

₹ 0

Tax-Free Maturity (EEE Status)

Total Invested

₹ 0

Interest Earned

₹ 0

Growth Breakdown

Your Daughter's Timeline

Investment Period (15 Years)

Until Year 2040

Maturity (21 Years)

Year 2046

She will be approximately 22 years old when she receives this amount.

Note: This calculator assumes yearly compounding for simplicity. Actual SSY interest is calculated monthly by banks/post offices and credited annually. Interest rates are subject to quarterly revision by the Government of India.

Understanding Sukanya Samriddhi Yojana (SSY)

What is SSY?

Sukanya Samriddhi Yojana is a government-backed savings scheme designed exclusively for the girl child. It was launched as part of the 'Beti Bachao, Beti Padhao' campaign. It offers one of the highest interest rates among small savings schemes and comes with significant tax benefits.

The 15 vs 21 Rule

Many parents find this confusing. Here is the simple rule:

You pay for 15 years: You only need to make deposits for the first 15 years from the date of account opening.
You wait for 21 years: The account matures 21 years after opening. For the last 6 years (Year 16-21), you deposit nothing, but your money continues to earn interest.

Tax Benefits (EEE)

SSY is one of the few investment tools with EEE status :

Exempt on Investment: Deposits qualify for deduction under Section 80C (up to ₹1.5 Lakh).
Exempt on Interest: The interest earned every year is tax-free.
Exempt on Maturity: The final amount you withdraw is completely tax-free.

Frequently Asked Questions

Can I withdraw money before 21 years?

Yes, partial withdrawal (up to 50% of the balance) is allowed for the girl's higher education once she turns 18 or passes the 10th standard. Full withdrawal is allowed if the girl gets married after turning 18.

What happens if I miss a deposit?

The account will become "in default." To reactivate it, you must pay a penalty of ₹50 for each year of default along with the minimum deposit amount of ₹250 per year.

Can I open SSY for my third daughter?

Generally, SSY is allowed for up to two girl children per family. A third account can only be opened if the first birth resulted in three girl children, or the second birth resulted in twin girls.