What is the current interest rate of SSY?

The current interest rate for Sukanya Samriddhi Yojana (SSY) is 8.2% per annum (compounded annually), effective from January 1, 2024. The government reviews this rate quarterly.

What is the minimum and maximum deposit in SSY?

The minimum deposit required is ₹250 per financial year. The maximum amount you can deposit is ₹1.5 Lakhs per financial year.

Can I withdraw money from SSY before maturity?

Partial withdrawal of up to 50% of the balance at the end of the preceding financial year is allowed for the girl child's higher education or marriage, but only after she turns 18 years old.

Is SSY interest tax-free?

Yes, SSY falls under the EEE (Exempt-Exempt-Exempt) category. The investment amount (under 80C), the interest earned, and the maturity amount are all completely tax-free.

Sukanya Samriddhi Yojana (SSY) Calculator

Current Interest Rate: 8.2% p.a.

Secure your daughter's future with the government's highest interest paying scheme. Calculate your tax-free maturity amount instantly.

Investment Details

Yearly Investment

₹

Min ₹250 · Max ₹1.5 Lakh/year (multiples of ₹50)

Girl's Current Age

Account can only be opened below age 10

Account Opening Year

Interest Rate

Current Govt Rate (Jan 2024 onwards)

EEE Tax Status: Investment qualifies for ₹1.5L deduction under Sec 80C. Interest and maturity amount are fully tax-free.

Penalty: ₹50/year for each defaulted year + minimum deposit to regularise.

Maturity Amount

₹71,82,119

At age 26

Total Interest

₹49,32,119

219% gain on invested

Total Invested

₹22,50,000

Over 15 years

Growth Projection (21 Years)

Maturity Timeline

Today (2026)

Account opened. Girl is 5 years old.

2041 — Deposits Stop

After 15 years, no more deposits required. Account continues earning 8.2% interest. Girl is 20 years old.

2039 — Partial Withdrawal Allowed

Girl turns 18. Up to 50% of balance can be withdrawn for higher education (in lump sum or up to 5 annual instalments).

2047 — Maturity

Girl is 26 years old.
You receive ₹71,82,119 completely tax-free.

Why Open an SSY Account?

✓Highest Returns: At 8.2%, it beats PPF, FD, and most other small savings schemes.
✓100% Tax Free: Investment acts as 80C deduction, and maturity amount is tax-free.
✓Sovereign Guarantee: Your money is completely safe with the Government of India.

Everything You Need to Know About SSY

The Sukanya Samriddhi Yojana (SSY) is a small savings scheme launched by the Government of India exclusively for the girl child. It is part of the "Beti Bachao, Beti Padhao" campaign and offers a financially secure future for your daughter.

Key Rules & Eligibility (2026)

Feature	Details
Opening Eligibility	Parents/Guardians for a girl child below 10 years.
Max Accounts	Max 2 accounts per family (one for each girl child). Exception for twins/triplets.
Minimum Deposit	₹250 per financial year.
Maximum Deposit	₹1.5 Lakh per financial year.
Maturity Period	21 years from the date of opening.

Withdrawal Rules

Many parents worry about locking fast money for 21 years. However, the scheme allows for premature withdrawal in specific cases:

For Higher Education: Once the girl child turns 18 years old or passes 10th standard (whichever is earlier), you can withdraw up to 50% of the balance for higher education fees.
For Marriage: You can close the account prematurely for the girl's marriage provided she has attained the age of 18 years.

Official Resources & References

For the most accurate and up-to-date information, please verify with the official National Savings Institute documentation: