How the Sukanya Samriddhi account grows

Sukanya Samriddhi Yojana (SSY) is a government scheme for a girl child, earning 8.2% per annum compounded yearly — tax-free (EEE). You deposit for 15 years; the account matures 21 years after opening. The calculator above projects the maturity value.

How it works

• Open for a girl child below age 10 (one account per girl).
• Deposit for 15 years; maturity at 21 years (interest keeps accruing in the gap).
• Minimum ₹250, maximum ₹1,50,000 per year. EEE - 80C, tax-free interest and maturity.

A worked example

Depositing ₹1,50,000 a year for 15 years at 8.2%, left to grow to year 21: total deposited ₹22,50,000; maturity about ₹69 lakh, tax-free.

Withdrawal rules

• Up to 50% can be withdrawn for higher education after the girl turns 18.
• The account can be closed for marriage after she turns 18; otherwise it runs to 21 years.

Frequently asked questions

What is the SSY interest rate?

8.2% per annum, compounded yearly, for the current quarter.

How long do I deposit?

15 years; the account matures 21 years after opening.

What is the maximum yearly deposit?

₹1,50,000 per financial year; minimum ₹250.

Is it tax-free?

Yes, EEE - 80C on deposits and tax-free interest and maturity.

Can I withdraw early?

Up to 50% for higher education after age 18, or closure for marriage after 18.

Source: Sukanya Samriddhi Yojana rules and the Ministry of Finance rate for the current quarter (8.2%). ComplyKraft is independent; this is not professional advice.