Sukanya Samriddhi Yojana Calculator: Interest Rate & Benefits
The Highest-Yielding Government Scheme at 8.2%
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child, currently offering 8.2% — the highest among all small savings schemes. It enjoys EEE (Exempt-Exempt-Exempt) tax status: the investment is deductible under 80C, the interest is tax-free, and the maturity amount is tax-free.
Key Rules
| Feature | Detail |
|---|---|
| Eligibility | Girl child below 10 years (max 2 accounts per family) |
| Min deposit | ₹250/year |
| Max deposit | ₹1,50,000/year |
| Deposit period | 15 years from opening |
| Maturity | 21 years from opening (or girl’s marriage after 18) |
| Partial withdrawal | Up to 50% of balance after girl turns 18 (for education) |
Corpus at Maturity
| Annual Deposit | Duration | Total Deposited | Maturity Value (at 8.2%) |
|---|---|---|---|
| ₹1,50,000 | 15 years | ₹22.5L | ₹69.3L |
| ₹1,00,000 | 15 years | ₹15L | ₹46.2L |
| ₹50,000 | 15 years | ₹7.5L | ₹23.1L |
Depositing the maximum ₹1.5L/year for 15 years creates a tax-free corpus of nearly ₹70L at maturity. Compare this with PPF (7.1%) or tax-saver FD (6.5%, taxable) — SSY wins on both returns and tax efficiency for eligible families.