The Sukanya Samriddhi Yojana (SSY) calculator computes the maturity corpus for this government scheme for a girl child's long-term financial security.
About this calculator
The Sukanya Samriddhi Yojana (SSY) calculator computes the maturity corpus for this government scheme for a girl child's long-term financial security. SSY currently offers one of the highest guaranteed rates (8.2%) among small savings schemes, with complete tax exemption.
SSY accounts can be opened for a girl child below 10 years of age. Contributions are accepted for 15 years, and the account matures at 21 years from the date of opening.
Common uses
- Calculate SSY corpus for a newborn girl's education and marriage
- Plan annual contribution to accumulate a target SSY maturity amount
- Compare SSY returns with PPF and other 80C options
- Model SSY growth with maximum annual contribution of ₹1.5 lakh
Frequently asked questions
What is the current SSY interest rate?
The SSY interest rate is currently 8.2% per annum (subject to quarterly revision by the government). This rate is higher than PPF (7.1%) and most bank FDs, making SSY one of the best guaranteed-return investments for girl children.
Who can open an SSY account?
Parents or legal guardians can open an SSY account for a girl child below 10 years of age. A maximum of two accounts can be opened per family (one per girl child). Exceptions allow three accounts for families with twin girls.
What is the SSY account maturity period?
The SSY account matures 21 years from the date of account opening, or upon the girl's marriage after age 18, whichever is earlier. Contributions are only required for the first 15 years; the account continues to earn interest for the remaining 6 years without further deposits.