Secure your daughter's future with the Sukanya Samriddhi Yojana – a government-backed savings scheme offering high returns and tax benefits.
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Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme in India aimed at encouraging parents to save for the future education and marriage expenses of their girl child. It was launched as part of the "Beti Bachao, Beti Padhao" campaign.
| Feature | Details |
|---|---|
| Eligibility | Girl child below 10 years of age |
| Account holder | Parent or legal guardian opens the account for the girl |
| Number of accounts | One per girl, max 2 accounts per family (exception for twins/triplets) |
| Minimum deposit | ₹250 per year |
| Maximum deposit | ₹1.5 lakh per year |
| Interest rate | Around 8.2% (as of April–June 2025, revised quarterly by govt) |
| Maturity period | 21 years from date of account opening |
| Partial withdrawal | Up to 50% allowed after girl turns 18, for education purposes |
| Tax benefits | EEE (Exempt-Exempt-Exempt) under Section 80C of Income Tax Act |
SnappyCalc uses below formula to calculate the Sukanya Samriddhi Yojana. Formula is given below.
The maturity amount \( A \) is calculated using the compound interest formula:
\( A = P \times \left(1 + \frac{r}{100}\right)^n \)
Where,
\( A \) = Maturity Amount
\( P \) = Annual Contribution
\( r \) = Interest Rate (per annum)
\( n \) = Number of Years (typically 21 for SSY)
Follow below steps to calculate Sukanya Samriddhi Yojana.