Sukanya Samriddhi (SSY)
Estimate the maturity amount for your daughter's Sukanya Samriddhi account.
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* Sukanya Samriddhi Yojana currently offers 8.2%.
Summary
Invested Amount₹ 1,000,000
Est. Returns₹ 582,412
Total Value₹ 1,582,412
The Sukanya Samriddhi Yojana (SSY) is a flagship government initiative launched under the 'Beti Bachao, Beti Padhao' campaign. Designed specifically for the girl child, it is currently the highest-paying small savings scheme in India, offering interest rates significantly higher than PPF or FDs.
👧 Why SSY is Superior to Other Schemes
- Unbeatable Interest: SSY consistently offers a premium of 0.5% - 1.0% over the PPF rate. As of 2025, the rate hovers around 8.2%.
- Tax Free (EEE): Like PPF, it enjoys Exempt-Exempt-Exempt status. Investment, Interest, and Maturity are all tax-free.
- Purpose-Lock: The lock-in ensures the funds are not spent on frivolous expenses, securing them strictly for the child's future milestones.
Understanding the Timeline: 15 vs 21 Years
- Payment Tenure (15 Years): You only need to deposit money for the first 15 years from the date of account opening.
- Maturity Tenure (21 Years): The account matures 21 years after opening. For the last 6 years (Year 16 to 21), you do not deposit anything, but the account continues to earn compound interest.
Frequently Asked Questions
Can I withdraw money for education?
Yes. Once the girl turns 18 or passes Class 10, you can withdraw up to 50% of the balance for higher education fees.
What if the girl becomes an NRI?
If the girl child becomes a Non-Resident Indian (NRI) or loses Indian citizenship, the account is deemed closed.