Sukanya Samriddhi Yojana Calculator
Calculate maturity amount for girl child savings
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for girl children. Invest between ₹250-₹1.5L annually and earn attractive interest (currently 8.2% p.a.) with tax benefits under Section 80C. Account matures when the girl turns 21.
Calculate
Amount you plan to invest each year (₹250 to ₹1.5L)
Age of your daughter (must be below 10 years)
Current SSY interest rate: 8.2% for Q4 FY 2024-25 (Jan-Mar 2025). ⚠️ Rates are revised quarterly by Government.
About Sukanya Samriddhi Yojana
Eligibility & Rules
- •Girl child must be below 10 years at account opening
- •Only 2 accounts allowed per family (1 per girl child)
- •Minimum deposit: ₹250 per year
- •Maximum deposit: ₹1.5 lakh per year
- •Deposits allowed for 15 years from opening
- •Account matures when girl turns 21
Key Benefits
- •High interest rate (currently 8.2% p.a.)
- •Compounded annually
- •Tax deduction under Section 80C up to ₹1.5L
- •Interest earned is tax-free
- •Maturity amount is tax-free
- •Partial withdrawal allowed after age 18 for education
Important Note
Interest rates are set by the government quarterly and may change. This calculator uses the current rate for projections. Actual returns may vary based on future rate revisions.
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme for girl children launched as part of the Beti Bachao Beti Padhao campaign. It offers attractive interest rates (currently 8.2% p.a.), complete tax exemption (EEE status), and long-term wealth creation for securing a girl child's future education and marriage expenses.
- High Interest Rate: 8.2% p.a. (Q4 FY 2024-25: Jan-Mar 2025), compounded annually, revised quarterly by government
- Triple Tax Exemption (EEE): Investment (80C), interest earned, and maturity amount all tax-free
- Flexible Investment: ₹250 minimum to ₹1.5 lakh maximum per financial year
- 15-Year Deposit Period: Contributions required for 15 years from opening, then earns interest till maturity
- 21-Year Maturity: Account matures when girl turns 21 or gets married after 18 (whichever is earlier)
- Partial Withdrawal: Up to 50% withdrawal allowed after girl turns 18 for higher education or marriage
- Account Transfer: Can be transferred anywhere in India (post office to bank or vice versa)
- 2 Accounts Per Family: Maximum 2 accounts allowed (one per girl child), 3rd allowed for twins
- Operated by Girl: Account can be operated by girl herself after she turns 10 years
- Premature Closure: Allowed in case of girl's death or extreme compassionate grounds
Who Can Open SSY Account
- •Parents or legal guardians of a girl child
- •Girl child must be below 10 years of age at the time of account opening
- •Girl child must be a resident of India
- •Maximum 2 accounts per family (one for each girl child)
- •Third account allowed only in case of twin girls born after first girl child, or triplets
- •Guardian must have valid KYC documents (Aadhaar, PAN for amounts above ₹50,000)
Who Cannot Open SSY Account
- •Parents who already have 2 SSY accounts (except for twins/triplets)
- •NRI (Non-Resident Indian) parents cannot open new SSY account
- •Parents of girl child above 10 years of age
- •Parents who want to open account for a boy child (SSY is only for girl child)
- •If the girl child is already an NRI at the time of account opening
At Post Office
- 1Visit your nearest Post Office branch
- 2Collect SSY account opening form or download from indiapost.gov.in
- 3Fill the form with girl child's and guardian's details
- 4Attach required documents (girl's birth certificate, guardian's ID and address proof)
- 5Make initial deposit of minimum ₹250 (cash, cheque, or demand draft)
- 6Submit form and documents to post office counter
- 7Collect SSY passbook after account opening
- 8No online account opening facility available currently
At Authorized Banks
- 1Visit authorized bank branch (SBI, ICICI, HDFC, Axis, PNB, BOB, Canara, etc.)
- 2Request SSY account opening form
- 3Fill the form with necessary details
- 4Submit KYC documents (birth certificate, ID proofs)
- 5Make first deposit of ₹250 or more
- 6Receive SSY passbook/account statement
- 7Some banks offer online account opening (check with specific bank)
Mandatory Documents
- Birth certificate of the girl child (mandatory proof of age)
- ID proof of parent/guardian (Aadhaar card, PAN card, Voter ID, Passport)
- Address proof of parent/guardian (Aadhaar, utility bill, rent agreement)
- Passport-size photographs of girl child and guardian
- Initial deposit of ₹250 minimum (cash, cheque, DD)
Optional Documents
- PAN card of guardian (mandatory if annual deposit exceeds ₹50,000)
- Proof of twin/triplet birth (if opening 3rd account exception)
Partial Withdrawal
- •Up to 50% of the balance at the end of preceding financial year can be withdrawn
- •Allowed after girl child attains 18 years of age or passes 10th standard, whichever is earlier
- •Purpose: Higher education or marriage expenses
- •Withdrawal can be made in lump sum or installments (max 5 years, one per year)
- •Requires submission of admission proof or marriage invitation
Premature Closure
- •Allowed after girl turns 18: For marriage purposes (1 month before to 3 months after marriage)
- •Death of girl child: Full balance paid to guardian with death certificate
- •Extreme compassionate grounds: Life-threatening illness of girl child with medical certificate
- •Cannot close account before completion of 5 years from opening (except death/illness)
- •Closure forfeits future interest; only accumulated amount with past interest is paid
Official Links & Resources
Access official SSY portals and information
Helpline Number
1800-180-1111 (India Post) / Bank-specific helplines
Important Resources & Guides
Essential guides for SSY account management and procedures
How to Open SSY Account
- 1Choose InstitutionSelect Post Office or authorized bank (SBI, HDFC, ICICI, PNB, Axis, etc.)
- 2Prepare DocumentsGirl's birth certificate, guardian's ID/address proof, photographs, ₹250 initial deposit
- 3Visit BranchGo to nearest branch with documents. Online opening not available currently
- 4Fill FormComplete SSY account opening form with girl child and guardian details
- 5Submit & Receive PassbookSubmit form with documents, make deposit, receive passbook same day or within 1-2 days
SSY Withdrawal Rules & Process
- Girl must be 18+ or passed 10th standard
- Can withdraw up to 50% of previous year's balance
- Purpose: Higher education or marriage
- Required: Admission proof or marriage documents
- Can be lump sum or max 5 annual installments
- Account matures when girl turns 21
- Submit closure form with passbook
- Provide girl's ID proof (Aadhaar/PAN)
- Amount credited to linked bank account
- No penalty or charges for maturity withdrawal
- Allowed only after 5 years from opening
- For marriage: 1 month before to 3 months after
- Medical emergency: Life-threatening illness certificate required
- Death of girl: Guardian gets full balance with death certificate
SSY Interest Rate Updates
Authorized Banks for SSY
Frequently Asked Questions
For Q3 FY 2025 (July-September 2025), the SSY interest rate is 8.2% per annum, compounded yearly. The government revises rates quarterly based on government bond yields.
SSY account matures after 21 years from the date of account opening. However, deposits are required only for the first 15 years. From year 16 to 21, the account continues to earn interest without deposits.
Partial withdrawal of up to 50% is allowed after the girl turns 18 or passes 10th standard for higher education or marriage. Premature closure is allowed only for marriage (after 18), death of girl child, or life-threatening illness.
Maximum 2 accounts per family - one for each girl child. A third account is allowed only in case of twin girls born after the first girl child, or triplets. You cannot open multiple accounts for the same girl child.
Yes, SSY has EEE (Exempt-Exempt-Exempt) tax status. Investment qualifies for Section 80C deduction (up to ₹1.5L), interest earned is tax-free, and maturity amount is completely tax-exempt.
No, NRIs (Non-Resident Indians) cannot open new SSY accounts. However, if a girl becomes NRI after opening, the account can continue till maturity but no new deposits can be made.
If minimum ₹250 is not deposited in any year, the account becomes irregular (not closed). You can revive it by paying ₹50 penalty per year of default plus minimum deposit. The account continues to earn interest even if irregular.
Yes, SSY account can be freely transferred anywhere in India - from post office to bank, bank to post office, or between different bank branches/post offices. Transfer is free and simple.
The girl child can operate her SSY account herself after she attains 10 years of age. She needs to submit documents and guardian consent to take over account operation.
Minimum deposit is ₹250 per financial year and maximum is ₹1.5 lakh per financial year. There is no limit on number of deposits in a year, but total cannot exceed ₹1.5L annually.
No, SSY account cannot be closed before completion of 5 years from opening, except in case of death of the girl child or life-threatening illness with proper medical certification.
Currently, there is no facility to open SSY account online at post offices or most banks. You must visit the branch in person with required documents and make the initial deposit to open the account.