SSY Calculator: Sukanya Samriddhi Yojana (SSY) is a popular scheme by the Central Government, designed especially for daughters. By investing regularly in this scheme, you can build a large fund for your daughter, ensuring her financial security in the future. Many people invest in this scheme to support their daughters’ higher education or marriage. Under the Sukanya scheme, an account can be opened at any nearby post office branch. The scheme allows separate accounts for up to two daughters. In the case of twins, more than two accounts can be opened.
Sukanya Samriddhi Yojana (SSY): Secure Your Daughter’s Future
Sukanya Samriddhi Yojana (SSY) is the highest interest-paying small savings scheme offered by the post office. For the current quarter, the scheme offers an interest rate of 8.2% per annum. You can open an account in the name of your daughter if she is below 10 years of age. If you start the scheme for a newborn girl, the account will mature when she turns 21, providing essential funds for her higher education or marriage.
Maximum Investment in Sukanya Samriddhi Yojana
The maturity period of SSY is 21 years, but the key feature of the scheme is that you only need to invest for 15 years. The account matures after waiting for an additional 6 years (from 15 years to 21 years). During these 6 years, interest continues to accumulate on the deposited amount at the fixed interest rate, along with the benefit of compounding.
SSY Calculator: How to Raise INR 50 Lakh
- Year of Starting SSY Account: 2025
- Interest Rate in SSY: 8.2% per annum
- Annual Investment: INR 1,09,000 (monthly INR 9,083)
- Total Investment in 15 Years: INR 16,35,000
- Total Amount on Maturity (21 years): INR 50,34,040
- Year of Account Maturity: 2046
- Interest Benefit: INR 33,99,040
SSY Calculator: Maximum Fund You Can Create
- Year of Starting SSY Account: 2025
- Interest Rate in SSY: 8.2% per annum
- Annual Investment: INR 1,50,000 (monthly INR 12,500)
- Total Investment in 15 Years: INR 22,50,000
- Total Amount on Maturity (21 years): INR 69,27,578
- Year of Account Maturity: 2046
- Interest Benefit: INR 46,77,578
SSY: A Risk-Free Investment Scheme
Sukanya Samriddhi Yojana is a 100% safe investment scheme as it is backed by the government. With disciplined investment, you can accumulate a large sum by maturity. The interest rate for the current quarter is 8.2%, and the government reviews it quarterly, which may either increase or remain stable.
SSY: Investment Limits
Minimum Investment: INR 250 per year
Maximum Investment: INR 1.5 lakh per year
Investment can be made every month as well.
SSY: A Completely Tax-Free Scheme
The Sukanya Samriddhi Yojana is tax-exempt at three levels, just like the Public Provident Fund (PPF):
Exemption on Annual Investment: Up to INR 1.5 lakh under Section 80C of the Income Tax Act.
Tax-Free Returns: No tax on returns generated.
Tax-Free Maturity Amount: The amount received upon maturity is completely tax-free.