Welcome
Book your free consultation!
Estimate the maturity value of your SSY investment. See how annual deposits for 15 years grow into a substantial corpus by the 21st year.
Enter your yearly investment and current SSY interest rate
Fill in your yearly investment amount and interest rate to see the estimated maturity value.
Interest rates are revised quarterly by the government.
Interest continues for 6 years after contributions stop.
Sukanya Samriddhi Yojana is a government-sponsored savings scheme launched in 2015 under the Beti Bachao Beti Padhao initiative. It is designed to help parents build a financial corpus for their daughter's education and marriage. The scheme offers one of the highest interest rates among small savings schemes at 8.2% per annum, compounded annually [citation:2][citation:6].
SSY enjoys "Exempt-Exempt-Exempt" (EEE) tax status, making it one of the most tax-efficient savings instruments available:
| Annual Deposit | Total Invested | Maturity Value | Interest Earned |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ₹5,74,570 | ₹3,94,570 |
| ₹50,000 | ₹7,50,000 | ₹23,94,040 | ₹16,44,040 |
| ₹1,00,000 | ₹15,00,000 | ₹47,88,079 | ₹32,88,079 |
| ₹1,50,000 | ₹22,50,000 | ₹71,82,119 | ₹49,32,119 |
Calculations assume 8.2% interest compounded annually for 21 years [citation:1].
A parent or legal guardian can open an SSY account for a resident Indian girl child who is below 10 years of age. A maximum of two accounts are permitted per family (one for each daughter), with exceptions for twins or triplets [citation:3][citation:7].
The current interest rate for Sukanya Samriddhi Yojana is 8.2% per annum, compounded annually. This rate is among the highest offered across all small savings schemes and is reviewed quarterly by the government [citation:2][citation:6].
Contributions must be made for 15 years from the date of account opening. However, the account matures after 21 years. During the intervening 6 years, the accumulated balance continues to earn interest even though no fresh deposits are required [citation:4][citation:9].
Partial withdrawal of up to 50% of the balance is permitted after the girl turns 18, specifically for higher education expenses. The full balance is available upon maturity at 21 years, or earlier if the girl marries after reaching the age of 18 [citation:11].
Yes. SSY is a government-backed scheme, meaning it carries sovereign guarantee with zero default risk. The scheme also offers triple tax benefits (EEE status), making it one of the safest and most tax-efficient long-term savings options available [citation:1].
A minimum annual contribution of ₹250 is required to keep the account active. If a deposit is missed, the account can be regularised by paying a prescribed penalty along with the minimum deposit amount [citation:11].