Beti Bachao Beti Padhao
Sukanya Samriddhi Yojana (SSY) Calculator
The Sukanya Samriddhi Yojana is a government-backed small savings scheme designed for the girl child. It currently offers an attractive 8.2% annual interest rate with full EEE (Exempt-Exempt-Exempt) tax status under Section 80C and Section 10(11A).
SSY Deposit Parameters 8.2% Rate
Minimum deposit: ₹250/year. Maximum deposit: ₹1,50,000/year (qualifies for 80C deduction).
• Deposits continue for 15 years from account opening.
• Account matures in 21 years (accrues interest from year 16 to 21 without further deposits).
21-Year Maturity Projection
Estimated Maturity Corpus (at 21 Yrs)
₹ 46,82,044
Total Principal Invested (15 Yrs):
₹ 15,00,000
Total Interest Earned (Tax-Free):
₹ 31,82,044
Interest Taxability:
100% Tax-Free u/s 10(11A)
Key Features of Sukanya Samriddhi Yojana
- Eligibility: Account can be opened by parents/legal guardians for a girl child aged below 10 years (maximum 2 accounts per family, with exceptions for triplets/twins).
- Triple Tax Exemption (EEE):
- Investment: Deductible under Section 80C up to ₹1,50,000.
- Interest: Completely exempt from income tax annually.
- Maturity: Entire lump sum received at 21 years is 100% tax-free.
- Partial Withdrawal: Up to 50% of the balance at the end of the preceding financial year can be withdrawn for the girl's higher education after she attains age 18 or clears 10th standard.