About SSY Calculator
Plan your daughter's financial future with our SSY Calculator. Enter annual deposit, current interest rate, and your daughter's age to estimate maturity at 21 years, year-wise balance growth, and total interest earned — India's government-backed Sukanya Samriddhi Yojana scheme with fully tax-free (EEE) status.
SSY Interest Formula
Use these standard formulas for accurate estimates:
Annual interest
Deposits made in the first 15 years; interest continues to 21st year
Maturity condition
Total deposited
Example Calculation
Example: ₹1,50,000/year for 15 years @ 8.2%
| Component | Value |
|---|---|
| Annual deposit | ₹1,50,000 |
| Total deposited | ₹22,50,000 |
| Maturity value (21 yrs) | ~₹69,50,000 |
| Interest earned | ~₹47,00,000 |
| Tax on maturity | ₹0 (EEE) |
Benefits of Using This Calculator
Instant results with standard financial formulas
Clear charts and tables for better decisions
Mobile-friendly — works on any device
100% free — no signup or data stored on servers
Built for Indian investors and taxpayers
Compare scenarios side-by-side where applicable
Frequently Asked Questions
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SSY is a government savings scheme for girl children. Parents can open an account for daughters aged up to 10 years, deposit up to ₹1.5L per year, and the account matures 21 years from opening.
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The government revises SSY rates quarterly. As of 2024, the rate is 8.2% per annum. Update the calculator with the latest notified rate for accurate results.
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Deposits are mandatory only for the first 15 years from account opening. The account continues to earn interest for the remaining 6 years without further deposits.
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Yes. SSY has EEE (Exempt-Exempt-Exempt) tax status: deposits qualify for 80C, interest is tax-free, and the maturity amount is fully exempt from income tax.
Explore More Savings Calculators
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Conclusion
SSY is one of the best long-term savings instruments for a girl child — guaranteed returns, sovereign backing, and full EEE tax exemption. Start early to maximise the 21-year compounding window and deposit before the 10th of each month for that month's interest credit.