Sukanya Samriddhi Yojana Calculator - SSY Calculator 2025

Understanding Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana is a government-backed savings scheme launched in 2015 under the 'Beti Bachao, Beti Padhao' initiative. The scheme is designed to secure the financial future of girl children in India and currently offers an attractive interest rate of 8.2% per annum for Q1 FY 2025-26.

Key Features of SSY

How SSY Interest Calculation Works

The interest for the SSY account is calculated on the lowest balance for the calendar month, between the fifth day of the month and the end of the month, and is credited once at the end of each financial year.

Tax Benefits Under SSY

SSY investments are categorised as EEE (Exempt, Exempt, Exempt) investments. The principal amount invested, interest earned and maturity amount are all tax-free. The tax deduction benefit on the principal amount invested is up to Rs 1.5 Lakh per annum under Section 80C of the Income Tax Act, 1961.

Investment Strategy for Maximum Returns

• Start Early: Open account as soon as possible after girl child's birth
• Maximize Investment: Invest ₹1.5 lakh annually for 15 years
• Use Step-up Approach: Increase investment amount annually to beat inflation
• Continue for Full Term: Let the account mature for the complete 21-year period
• Plan Withdrawal: Use partial withdrawal facility wisely for education expenses

Important Rules and Regulations

• The minimum annual contribution to the Sukanya Samriddhi Account is Rs. 250 and the maximum contribution is Rs. 1.5 Lakh in a financial year
• A partial withdrawal of up to 50% of the account balance is permitted after the girl child attains the age of 18 years for higher education purposes
• The account can be opened for up to two girl children or three in case of twin girls as second birth
• Account becomes dormant if minimum deposit is not made; can be revived with penalty
• Account can be transferred anywhere in India (bank to post office or vice versa)