Sukanya Samriddhi Yojana Calculator

In a country where educational and marriage expenses for daughters can be substantial financial burdens on families, the Government of India introduced the Sukanya Samriddhi Yojana (SSY) in 2015 as part of the “Beti Bachao, Beti Padhao” campaign. This small savings scheme is designed specifically to secure the financial future of girl children in India. With attractive interest rates and tax benefits, SSY has become one of the most popular investment options for parents with daughters.

Sukanya Samriddhi Yojana is a government-backed small savings scheme that allows parents or legal guardians to invest money for their daughter’s future education and marriage expenses. The scheme is available for girls under the age of 10 years, and deposits can be made for 15 years, while the account matures when the girl reaches 21 years of age.

• The scheme is available for girls below 10 years of age
• Parents or legal guardians can open an account on behalf of the girl child
• Only one account can be opened per girl child (maximum of two accounts in a family)
• The girl child must be a resident Indian citizen

• Minimum Investment: ₹250 per year
• Maximum Investment: ₹1.5 lakh per year
• Investment Period: Deposits can be made for 15 years from the date of opening the account
• Maturity Period: The account matures when the girl reaches 21 years of age
• Current Interest Rate: 8.2% p.a. (as of May 2025, subject to revision quarterly) Click here to know current interest rate.
• Compounding: Interest is compounded annually

• Investments up to ₹1.5 lakh per year qualify for tax deduction under Section 80C of the Income Tax Act
• The interest earned and the maturity amount are completely tax-free under Section 10(15) of the Income Tax Act
• The scheme falls under the EEE (Exempt-Exempt-Exempt) tax category

• The account can be opened in post offices or authorized banks
• Deposits can be made through cash, cheque, or demand draft
• Online banking facilities are now available for SSY accounts in most banks
• Partial withdrawal is allowed after the girl reaches 18 years of age for higher education or marriage purposes

With an interest rate of 8.2% (as of May 2025), SSY offers one of the highest returns among government-backed savings schemes. The interest rate is revised quarterly by the government, ensuring that the returns remain competitive in the market.

Being a government-backed scheme, SSY carries virtually zero risk, making it an extremely secure investment option for your daughter’s future.

The triple tax exemption (EEE) status makes SSY one of the most tax-efficient investment options available in India.

The scheme allows for partial withdrawals for educational or marriage purposes, providing flexibility when funds are needed the most.

The power of compounding over a long period (15+ years) significantly boosts the final corpus.

Let’s understand how the investments in SSY grow over time with a simple calculation:

Assume you invest ₹1.5 lakh annually for 15 years with an interest rate of 8.2% p.a.

• Initial Investment: ₹1.5 lakh per year for 15 years = ₹22.5 lakh
• Total corpus after 21 years (assuming the girl child was 1 year old when the account was opened): Approximately ₹63.9 lakh

This example illustrates the power of compounding in SSY. The actual returns may vary based on the prevailing interest rates during the investment period.

1. Birth certificate of the girl child
2. Identity proof of the parent/guardian (Aadhaar card, PAN card, voter ID)
3. Address proof of the parent/guardian
4. Recent passport-sized photographs of the parent/guardian and the girl child
5. Filled application form (available at post offices and banks)

1. Visit any authorized post office or bank branch with the required documents
2. Fill out the application form
3. Submit the documents along with the initial deposit
4. Receive the passbook and account details

• Allowed for higher education expenses after the girl turns 18 years old
• Limited to 50% of the balance at the end of the previous financial year
• Requires proof of admission to a higher education institution

• Allowed in case of the unfortunate death of the girl child
• Allowed if the girl gets married after turning 18 (though this defeats the purpose of the scheme)
• In case of residency status change of the account holder or guardian

NOTE : As this is a Govt. of India scheme, customers are advised to visit www.nsiindia.gov.in for latest instructions/ modification in the scheme.

Sukanya Samriddhi Yojana is an excellent investment opportunity for parents looking to secure their daughter’s financial future. With high returns, tax benefits, and government backing, it offers a safe and rewarding way to save for your daughter’s education and marriage expenses. The power of compounding over a long period makes it an ideal long-term investment option.

Start investing early to maximize the benefits of this scheme and give your daughter the financial security she deserves for her future endeavors.

Note: The interest rates and other details mentioned in this blog are subject to change as per government policies. Please verify the latest rates and rules before making investment decisions.