Sukanya Samriddhi Yojana is a government scheme for the girl child: deposits for 15 years, account matures 21 years after opening. Contributions qualify under Section 80C, and both interest and maturity proceeds are completely tax-free.
About the Sukanya Samriddhi Yojana Calculator
SSY currently earns 8.2% p.a. (Q1 FY 2024-25) — one of the highest government-guaranteed rates available. The account can be opened at any post office or designated bank for a girl below age 10. Only one account per girl, maximum 2 accounts per family.
Formula used:
Frequently Asked Questions
What is the minimum and maximum deposit?
Minimum ₹250 per year; maximum ₹1.5 lakh per year, per account.
Can I withdraw before maturity?
Up to 50% of the balance can be withdrawn for the girl's higher education after she turns 18 or passes 10th standard. Full withdrawal is allowed at marriage after age 18.