Sukanya Samriddhi Yojana Calculator: Plan Your Daughter’s Future with Confidence | SSY Calculator
Sukanya Samriddhi Yojana (SSY) is a small savings scheme launched by the Government of India to secure the future of daughters. This scheme was launched on 22 January 2015 by Prime Minister Narendra Modi under the “Beti Bachao, Beti Padhao” campaign.
Sukanya Samriddhi Yojana Calculator
The main objective of this scheme is to accumulate money for the education and marriage of daughters, so that parents do not face financial problems in the future.
Features of Sukanya Samriddhi Yojana
The interest rate fixed by the government on Sukanya Yojana is higher than that of normal savings schemes. It is revised every quarter. Currently (in the first quarter of 2025) it is 8.2%.
The investment amount is tax exempt under Section 80C (maximum ₹1.5 lakh per annum).
There is no tax on interest as well.
The maturity amount is also completely tax free.
This account can be opened only in the name of girls below 10 years of age. This account can be opened for a maximum of two daughters in a family (exceptions apply if there are twins or triplets).
Eligibility
Age:- Daughter should be below 10 years of age
Nationality:- Indian citizens only
Account opener:- Parents or guardians
Maximum accounts:- Two accounts for two daughters
Investment Limit
Minimum Annual Investment:- ₹250
Maximum Annual Investment:- ₹1.5 Lakh
Investment Period:- You can deposit for 15 years from the date of opening the account
Maturity Period:- The account matures when the daughter turns 21 years old, or when she gets married
Where can I open an account?
Any Post Office in India
Some selected government and private banks like SBI, PNB, HDFC, ICICI etc.
Required Documents
Daughter’s birth certificate
Parent/guardian’s Aadhaar card
Identity card (PAN, Voter ID etc.)
Address proof
Passport size photo
Example of Investment in the Plan
Suppose you opened a Sukanya Yojana account on your daughter’s birth and deposited ₹1,00,000 every year. The interest rate is 8.2%:
Investment for 15 years = ₹15 lakh
Total amount at 21st year = ₹38-40 lakh (including interest, depending on the rate)
This amount can help in the daughter’s education or marriage.
Partial withdrawal facility
When the daughter turns 18 and studies in class 12, 50% of the total deposit amount can be withdrawn.
This money can be used for her education expenses.
Account Closing Rules
The account can be closed after the daughter gets married after the age of 18.
In case of death of the daughter or in special circumstances (such as serious illness), the account can be closed prematurely.
How to operate the account?
It is mandatory to deposit ₹250 every year.
If you do not deposit money in any year, the account will become inactive.
It can be activated again with a penalty of ₹50 and the outstanding amount.
Benefits of Sukanya Scheme
✔️ Secure future for daughters
Big expenses like marriage and education can be planned easily.
✔️ Guaranteed returns
It is a government-backed scheme, so the risk is zero.
✔️ Full tax exemption
The entire scheme falls under the EEE category (Exempt-Exempt-Exempt).
✔️ Start with a small amount
The scheme can be started even with a small amount like ₹250.
Precautions related to the scheme
The daughter should not get married before 18 years of age, otherwise the maturity amount will not be received.
Not investing on time can lead to the account being closed.
Partial withdrawal is possible only on the basis of educational documents.
Frequently Asked Questions (FAQs)
Q1. Can the daughter operate the account herself?
Yes, once the daughter turns 18, she can operate the account herself.
Q2. If there are three daughters in the family, can three accounts be opened?
Normally, an account can be opened for only two daughters, but in case of twin daughters, exemption can be availed for the third one also.
Q3. Can I deposit money into my account online?
Yes, in most of the banks money can be deposited through Net Banking or UPI as well.
Conclusion
Sukanya Samriddhi Yojana is a simple, safe and effective way to ensure a bright future for your daughter. It is not only a good investment option but also a social initiative that is a step towards self-reliance and respect for daughters.
