SSY Calculator

Sukanya Samriddhi Yojana (SSY)

SSY is a government-backed saving scheme targeted at the parents of girl children. It encourages them to build a fund for the future education and marriage expenses of their female child.

Scheme Details

• Interest Rate: 8.2% (Current high rate)
• Maturity: 21 Years from opening.
• Deposit Period: You only need to deposit for the first 15 years.
• Tax Benefit: EEE Status (Exempt-Exempt-Exempt).

Eligibility

The account can be opened specifically for a girl child below the age of 10 years. Max 2 accounts per family (for 2 girls).