💼 Indian Government Schemes

Sukanya Samriddhi Yojana (SSY)

Calculate maturity returns and compounding growth for your daughter's future financial needs.

SSY Parameters

₹1,50,000
₹
8.2%
%
ℹ️ Maturity Conditions: Deposits are made for exactly 15 years, and interest continues to compound until the account reaches its maturity at 21 years from the opening date.

Maturity Breakdown

Total Principal Invested: ₹22,50,000
Est. Interest Earned: ₹46,77,225
Maturity Value (at 21 Yrs): ₹69,27,225

Year-by-Year Growth Table

See how the compounding interest escalates your savings over the complete 21-year maturity timeline.

Year No Opening Balance Annual Deposit Interest Earned Closing Balance

What is Sukanya Samriddhi Yojana (SSY)?

**Sukanya Samriddhi Yojana (SSY)** is a dedicated girl child savings scheme launched by the Ministry of Finance, Government of India, under the "Beti Bachao, Beti Padhao" campaign in January 2015. The scheme is designed to help parents build up a substantial financial corpus to secure their female children's future higher education and marriage expenses.

Accounts under this scheme can be opened at any authorized public/private commercial bank or post office in the name of a girl child from her birth date until she reaches **10 years of age**. SSY is extremely popular because it offers the highest interest rates among standard government small savings schemes (historically 8.2%), accompanied by superb **EEE (Exempt-Exempt-Exempt) Tax Benefits** under Section 80C of the Income Tax Act.

SSY Account Timelines & Rules

• **Deposit Period (15 Years)**: Parents must make regular annual deposits ranging from a minimum of ₹250 up to ₹1,50,000 every fiscal year for the first 15 years from account opening.
• **Maturity Period (21 Years)**: The account matures exactly 21 years from the date of creation. Between Year 16 and Year 21, you do not need to make any fresh deposits, yet the accumulated corpus continues to earn compounded annual interest.
• **Partial Withdrawal**: Parents can withdraw up to 50% of the accumulated balance at the end of the previous fiscal year when the girl child turns 18 or passes Class 10, specifically to fund higher education.

SSY Calculator FAQs

What happens if I fail to make the minimum deposit in a year?
If the minimum deposit of **₹250** is not credited to the account during a financial year, the account will be placed under the "defaulted" list. A defaulted account can be reactivated anytime before the 15-year deposit window ends by paying a minimal penalty fee of ₹50 along with the minimum deposit of ₹250 for each defaulted year.
Is the interest rate fixed throughout the 21-year maturity?
No, the Government of India reviews and declares small savings scheme interest rates **quarterly** based on prevailing yields. However, once credited, interest compounding continues annually, giving you highly consistent long-term wealth growth.
Can an SSY account be closed prematurely?
Yes, premature closure of an SSY account is permitted under specific conditions:
• Upon the marriage of the girl child after she turns 18 (account must be closed 1 month before or 3 months after marriage).
• In extreme compassionate circumstances like the death of the account holder or life-threatening medical emergencies of the guardian.