MoneyWiseGuide
Calculate maturity amount for girl child savings scheme with government-backed returns
Must be between 0-9 years
Min: ₹250 | Max: ₹1,50,000
Current rate: 8.2% (FY 2024-25)
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No contributions, interest continues
Full withdrawal available
Enter details to calculate SSY maturity
Partial withdrawal (50% of balance) allowed after girl turns 18 or for higher education/marriage. Premature closure possible after 5 years in case of medical emergency.
Account can be opened at any post office or authorized bank branch. Parents/guardians can open account in the name of girl child with valid documents.
Sukanya Samriddhi Yojana is a government-backed savings scheme designed exclusively for the girl child. It offers attractive interest rates and tax benefits under Section 80C. The account can be opened in the name of a girl child from birth until she turns 10 years old.
The account can be opened by parents or legal guardians for a girl child below 10 years of age. Only two accounts can be opened per family (one for each girl child), except in case of twins or triplets. The guardian must be a resident Indian citizen.
The SSY interest rate is announced by the Government of India quarterly. For Q4 FY 2025-26 (January-March 2026), the rate is 8.2% per annum, compounded annually. This rate is subject to periodic revision by the government based on market conditions.
Partial withdrawal of up to 50% of the balance is allowed after the girl child turns 18 years, for education or marriage purposes. The account matures 21 years from the date of opening or when the girl gets married after turning 18. Premature closure is permitted in exceptional cases like life-threatening medical conditions or death of the account holder.
SSY offers triple tax exemption (EEE status): deposits up to ₹1.5 lakh per year are deductible under Section 80C, the interest earned is completely tax-free, and the maturity amount is also exempt from tax. This makes it one of the most tax-efficient savings schemes in India.
The SSY account matures after 21 years from the date of opening. However, deposits need to be made only for the first 15 years. After 15 years, the account continues to earn interest until maturity even without further deposits. Early closure is allowed when the girl turns 18 and gets married.
Yes, partial withdrawal is permitted after the girl child completes 18 years of age or passes 10th standard, whichever is earlier. You can withdraw up to 50% of the balance available at the end of the preceding financial year for higher education or marriage expenses. This withdrawal can be made in lump sum or installments over 5 years.
The minimum annual deposit is ₹250, and the maximum is ₹1.5 lakh per financial year. You can make deposits in lump sum or in multiple installments throughout the year. If the minimum deposit is not made in a year, the account becomes inactive but can be revived by paying ₹50 penalty per year along with the minimum deposit.