What is Sukanya Samriddhi Yojana ?
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.
✅ Key Benefits of Sukanya Samriddhi Yojana
| 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 |
Formula used for Calculating Sukanya Samriddhi Yojana
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)
How to Use Sukanya Samriddhi Yojana Calculator ?
Follow below steps to calculate Sukanya Samriddhi Yojana.
- Enter the Annual Deposit:
Input the amount you plan to deposit annually (₹250 minimum, ₹1.5 lakh maximum). - Enter the Interest Rate:
Input the interest rate (8.2% as of now, but it changes quarterly). - Select the Number of Years:
Choose the number of years (usually 21 years for SSY). - Calculate the Maturity Amount:
Click the "Calculate" button to view the maturity amount based on your inputs. - View the Results:
The calculator will show the total maturity amount, including the principal and compound interest.
