title: Sukanya Samriddhi Yojana (SSY) Calculator description: Calculate returns on Sukanya Samriddhi Yojana investments for your daughter's future. Plan for education and marriage expenses with tax-free returns.

Sukanya Samriddhi Yojana (SSY) Calculator

Understanding Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child. It was launched under the Beti Bachao Beti Padhao campaign and offers attractive interest rates with tax-free returns. Our SSY Calculator helps you estimate the maturity amount for your daughter's future education and marriage expenses.

Key Features of SSY

• Government-Backed: 100% sovereign guarantee.
• Interest Rate: Currently 8.2% per annum (compounded annually).
• Tax Benefits: Investment deductible under Section 80C, interest and maturity are tax-free (EEE status).
• Minimum Investment: ₹250 per year.
• Maximum Investment: ₹1,50,000 per year.
• Lock-in Period: Until the girl child turns 21 years.
• Partial Withdrawal: Allowed after age 18 for education or marriage.

How to Use the SSY Calculator

1. Enter your daughter's current age.
2. Enter the annual investment amount (₹250 – ₹1,50,000).
3. Enter the expected interest rate (currently 8.2%).
4. Click Calculate to see the maturity amount.

Understanding the Results

The calculator provides:

1. Total Investment: Sum of all your annual contributions.
2. Total Interest: Interest earned over the tenure.
3. Maturity Amount: Final corpus at the time of maturity.
4. Year-by-Year Breakdown: Growth of your investment over time.

Example Calculation

Scenario: ₹1,00,000 annual investment for a newborn daughter.

• Current Age: 0 years
• Annual Investment: ₹1,00,000
• Interest Rate: 8.2%
• Maturity Age: 21 years

Results:

• Total Investment: ₹21,00,000
• Total Interest: ₹35,00,000
• Maturity Amount: ₹56,00,000

SSY vs Other Child Savings Schemes

| Scheme | Returns | Tax Benefits | Lock-in | |--------|---------|--------------|---------| | SSY | 8.2% | EEE (Exempt-Exempt-Exempt) | Till 21 years | | PPF | 7.1% | EEE | 15 years | | Child Plans | 6-8% | Taxable | 10-15 years | | FD | 6-7.5% | Taxable | 1-5 years |

Tips for Maximizing SSY Returns

1. Start Early: Invest as soon as possible after your daughter's birth.
2. Maximize Investment: Invest the full ₹1,50,000 if possible.
3. Invest Early in the Year: Deposit before April to maximize interest for the full year.
4. Plan for Withdrawals: Partial withdrawals are allowed only after age 18 for specific purposes.

Frequently Asked Questions

Can I open multiple SSY accounts? No, only one account per girl child (maximum 2 daughters per family).

Is SSY better than PPF? Yes, SSY offers higher returns (8.2% vs 7.1%) and similar tax benefits. However, it's only for girl children.

Can NRIs invest in SSY? No, only resident Indians can open SSY accounts.

What happens if I miss a year's deposit? The account becomes discontinued but can be revived with a penalty of ₹50 per year.