SSY Calculator
Sukanya Samriddhi Yojana · 8.2% p.a. · EEE Tax-Free · Maturity at 21 Years
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Account Details
Annual Deposit₹1,50,000
₹250₹1.5L
Girl's Current Age1 Year
0 (newborn)10 years
Or Enter Manually
Annual Deposit (₹)
Girl's Age (years)
SSY Rules:
• Account can be opened for girl up to age 10
• Deposits required for 15 years from opening
• Account matures at 21 years from opening
• Current rate: 8.2% p.a. (compounded annually)
• Max deposit: ₹1.5L/year | Min: ₹250/year
• Fully EEE (exempt at all 3 stages)
• Account can be opened for girl up to age 10
• Deposits required for 15 years from opening
• Account matures at 21 years from opening
• Current rate: 8.2% p.a. (compounded annually)
• Max deposit: ₹1.5L/year | Min: ₹250/year
• Fully EEE (exempt at all 3 stages)
Maturity Amount
₹0
calculating...
Total Deposited
₹0
Over 15 years
Total Interest
₹0
Tax-free earnings
Maturity Age
0 years
Daughter's age
Maturity Year
—
Calendar year
SSY Summary
Annual Deposit₹0
Deposit Period15 years
Interest Rate8.2% p.a.
Total Deposited₹0
Interest Earned₹0
Tax StatusEEE (Fully Exempt)
Maturity Amount₹0
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Frequently Asked Questions
SSY is a government-backed small savings scheme for the girl child, launched under "Beti Bachao Beti Padhao". Parents/guardians can open an account in any post office or authorized bank for a girl aged 0–10 years. It offers one of the highest guaranteed returns among government small savings schemes.
The SSY interest rate is 8.2% per annum for Q4 FY 2024-25, compounded annually. The government revises this rate quarterly. Historically it has ranged between 7.6% and 9.2%. It consistently offers 0.5–1% more than PPF, making it attractive for long-term savings.
Full maturity withdrawal: when the account completes 21 years from opening date. Partial withdrawal (up to 50%): when the girl turns 18, for higher education expenses. Premature closure: on marriage of the girl after age 18, or in case of death. Account can remain active up to 21 years even if no deposits after 15 years.
SSY has EEE (Exempt-Exempt-Exempt) tax status: (1) Annual deposits up to ₹1.5L qualify for Section 80C deduction, (2) Interest earned is fully tax-free each year, (3) Maturity amount is completely tax-free. This makes SSY superior to FD and RD which have taxable interest.
Yes. SSY accounts can be opened at any post office or 28 authorized banks including SBI, HDFC, ICICI, PNB, Bank of Baroda, Canara Bank, and others. You can also transfer the account between post offices and banks. Documents needed: girl's birth certificate, parent's KYC (Aadhaar + PAN), and initial deposit (min ₹250).