Sukanya Samriddhi Yojana (SSY) Calculator

Launched as a flagship initiative under the Beti Bachao, Beti Padhao campaign, the Sukanya Samriddhi Yojana (SSY) is India’s highest-yielding government-backed small savings scheme designed specifically for the financial security of girl children. With a sovereign guarantee from the Government of India and an official interest rate of 8.20% per annum (compounded annually), SSY provides unmatched risk-free wealth creation for higher education and marriage goals.

Key Eligibility & Deposit Rules

• Age Limit: The account can be opened by biological parents or legal guardians anytime from the birth of the girl child until she reaches 10 years of age.
• Number of Accounts: Only one account per girl child is permitted, and a family can open accounts for a maximum of two daughters. An exception allowing three accounts applies only in cases of twin or triplet girls born in the first or second order.
• Deposit Minimum & Maximum: An account can be opened with an initial deposit of just ₹250. The minimum annual deposit to keep the account active is ₹250, and the maximum ceiling per financial year is ₹1,50,000.
• 15-Year Deposit Period: Deposits are mandatory for exactly 15 years from the date of account opening. If the account is opened in 2026, deposits will stop in 2041.
• 21-Year Maturity Period: The account matures exactly 21 years from the date of opening, or upon the marriage of the girl child after attaining 18 years of age (whichever is earlier). No deposits are required during years 16 to 21, but your accumulated balance continues to earn the full 8.20% compound interest.

SSY vs PPF vs Mutual Fund SIP: Comparison Table

Triple Tax Exemption (EEE) Explained

Like PPF, the Sukanya Samriddhi Yojana enjoys the prestigious Exempt-Exempt-Exempt (EEE) tax status under the Indian Income Tax Act, 1961:

1. Exempt at Investment: Contributions up to ₹1,50,000 per financial year qualify for deductions under Section 80C.
2. Exempt at Accrual: The compound interest earned every financial year is completely tax-free and does not need to be reported as taxable income.
3. Exempt at Maturity: The entire lump sum maturity proceeds paid out at 21 years (or marriage) are 100% exempt from income tax under Section 10(11A).

Rules for Partial Withdrawal & Premature Closure

To balance discipline with practical financial needs, the scheme allows specific exemptions:

• Higher Education: When the girl child reaches 18 years of age (or completes 10th standard), up to 50% of the account balance at the end of the preceding financial year can be withdrawn to pay for university tuition fees, admission costs, or hostel expenses. Proof of admission (offer letter and fee receipt) must be presented.
• Marriage Closure: Premature closure is permitted if the girl child marries after attaining the legal marriage age of 18 years. An affidavit along with marriage proof must be submitted, and the account cannot be operated after marriage.
• Compassionate Grounds: In the unfortunate event of the demise of the account holder or on medical grounds for life-threatening diseases of the girl child, the account can be closed immediately upon verification by bank or post office authorities.