Sukanya Samriddhi Yojana
About the Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child. A parent or guardian opens the account before the girl turns 10, deposits for 15 years, and the account matures 21 years from opening — with tax-free, government-set interest throughout.
This calculator compounds your yearly deposits annually through the 15-year deposit period and lets the balance grow to maturity in year 21, showing the final amount and the interest earned.
Frequently asked questions
Who can open an SSY account and when?
A parent or legal guardian can open it for a girl child any time before she turns 10. One account is allowed per girl, for up to two girls per family (with an exception for twins or triplets).
How long do I deposit, and when does SSY mature?
You deposit for 15 years from opening, but the account matures 21 years from opening. Between year 15 and year 21 no deposits are needed and the balance keeps earning interest.
What are the minimum and maximum SSY deposits?
At least ₹250 in a year to keep the account active, up to a maximum of ₹1.5 lakh a year. Deposits qualify for a Section 80C deduction.
Is SSY tax-free?
Yes — it has EEE status: deposits qualify under Section 80C, and the interest and the maturity amount are both fully tax-free.
What is the current SSY interest rate?
The government sets the SSY rate every quarter; it has been among the highest of the small-savings schemes (around 8.2% recently). Check the latest notified rate, as it can change each quarter.