Calculate returns on your Sukanya Samriddhi Yojana (SSY) investment with maturity amount, interest earned, and year-wise breakdown.
| Year | Age | Investment | Interest | Balance |
|---|
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme specifically designed for the girl child in India. It was launched as part of the "Beti Bachao, Beti Padhao" campaign and offers attractive interest rates with tax benefits.
1. High Interest Rates: Higher than most fixed deposits and savings accounts
2. Tax Benefits: Investments eligible for deduction under Section 80C
3. Tax-Free Returns: Interest earned and maturity amount are tax-free
4. Government Backing: Safe and secure investment backed by the Government of India
5. Long-Term Savings: Encourages long-term savings for the girl's education and marriage
Eligibility criteria for Sukanya Samriddhi Yojana:
Withdrawals from SSY account are permitted for the higher education of the account holder after she attains 18 years of age, up to 50% of the balance at the end of the preceding financial year.
| Feature | Details |
|---|---|
| Minimum Investment | ₹250 per year |
| Maximum Investment | ₹1.5 lakh per year |
| Account Tenure | 21 years |
| Investment Period | 15 years |
| Interest Rate | Set quarterly by government |
| Tax Benefits | EEE (Exempt-Exempt-Exempt) |
| Partial Withdrawal | 50% after age 18 for education |
• Q1 FY 2023-24: 7.6% p.a.
• Q2 FY 2023-24: 7.6% p.a.
• Q3 FY 2023-24: 7.6% p.a.
• Q4 FY 2023-24: 7.6% p.a.
• PPF: 7.1% interest, 15-year tenure
• FD: 6-7% interest, taxable
• Mutual Funds: Market-linked returns, higher risk