SSY Calculator
Plan your daughter's future with Sukanya Samriddhi Yojana — India's top tax-free girl child savings scheme
tuneSSY Details
Maturity Amount (Tax-Free)
₹—
At girl's age 21
Total Interest Earned
₹—
100% tax-free (EEE)
Total Investment
₹—
Over 15 deposit years
Interest Earned
₹—
Tax-free returns
Deposit Period
15 Years
Active contribution period
Maturity Age
21 Yrs
Girl's age at maturity
Returns
—%
Total Invested
₹—
Interest Earned
₹—
functions SSY Formula
Balance = (B_prev + Deposit) × (1 + r)
Deposits: 15 years | Matures at girl's age 21
EEE Status: 80C + Tax-free interest + Tax-free maturity
SSY — India's Best Tax-Free Scheme for Girl Children
Sukanya Samriddhi Yojana (SSY) is a government savings scheme specifically for girl children below 10 years of age. At 8.2% p.a. compounded annually, it is one of the highest-yielding small savings schemes — and has EEE tax status.
Deposits are allowed for 15 years from account opening. The account matures when the girl turns 21. The entire maturity amount is fully tax-free. A 50% partial withdrawal is allowed at age 18 for higher education.
lightbulb Example Calculation
Scenario: ₹50,000/year at 8.2%, girl age 3
1Deposit for 15 years (until age 18)
2Account earns interest till age 21
3Total invested: ₹7.5L → Matures to ~₹26L+
✓ 3.5× return, 100% tax-free — ideal for education & marriage fund
Frequently Asked Questions
SSY — India's girl child savings scheme explained
Is the SSY interest rate fixed or does it change over time?
The SSY rate is reviewed quarterly by the Ministry of Finance. Unlike SCSS (where the rate is locked at account opening), the SSY rate is NOT locked — it changes for all existing accounts when revised. Historically (2015–2025), SSY rates have ranged from 7.6% to 9.2%, consistently higher than PPF.
What is the EEE tax benefit of SSY?
SSY has full EEE status: (E1) Annual deposits up to ₹1.5L qualify for Section 80C deduction; (E2) Interest accrued each year is completely exempt under Section 10; (E3) The maturity amount at age 21 is fully tax-free. No TDS on SSY interest or maturity. This triple exemption makes SSY the most tax-efficient long-term savings instrument available.
How does SSY compare to PPF for a girl child's savings?
Both are government-backed EEE instruments. SSY rate 8.2% vs PPF 7.1% — SSY is higher. SSY: only for girl children below 10; PPF: open to all. SSY matures at girl's age 21; PPF at 15 years from opening. SSY does not allow loans; PPF allows loans from year 3. For a girl child's education and marriage fund, SSY is generally preferred due to higher rate and purpose-specific design.