Sukanya Samriddhi Yojana (SSY) Planner
The complete SSY Planner for Indian parents — project your girl's corpus at age 21 (and at 18 for education), compare vs PPF + Equity MF, and see Sec 80C tax savings.
Your SSY Plan
SSY eligibility: under 10 years
Min ₹250 · Max ₹1.5L per year per girl
SSY rate has historically moved 50-100 bps with 10-year G-Sec yields. The Finance Ministry notifies it each quarter.
Long-term equity MF average
Sec 80C benefit only if you opt for the old regime.
In 2047 · girl aged 24
Your SSY Plan
SSY Maturity Corpus
₹44.25 L
Maturity Year: 2047 · Girl will be age 24
You Invest
₹15.00 L
Over 15 years of contributions
Interest Earned (Tax-free)
₹29.25 L
EEE: Exempt-Exempt-Exempt under IT Act
Total Contributions
₹15.00 L
Over 15 years
Final Maturity
₹44.25 L
At year 21
Corpus at Age 18
₹27.58 L
50% withdrawable for higher ed
Tax Saved (80C)
₹4.50 L
At your selected slab, over 15 years
SSY vs PPF vs Equity MF vs 50/50 Blend
Same contribution pattern across all four — 15 years of deposits, then 6 years of pure compounding to year 21
Final Corpus at Year 21
Side-by-side: what the same contributions would build under each route
Key Insights for Your Plan
Trade-offs between government-guaranteed small-savings returns and equity-driven growth
SSY's 8.2% is ~110 bps higher than PPF's 7.1% — but Equity MF historically averages 12% with volatility. SSY has zero risk; equity has no guarantee but higher expected return.
SSY is 100% sovereign-backed and EEE — contribution qualifies for Sec 80C deduction, interest is tax-free, and maturity is tax-free. Virtually no other instrument offers this complete tax-free status with a government guarantee.
50/50 blend gives ₹58.92 L — better pure SSY due to equity upside while keeping half in guaranteed SSY. Most prudent for parents who want guaranteed education floor + equity kicker.
At age 18, ₹27.58 L will be in the account — 50% (₹13.79 L) can be withdrawn for her higher education. The rest stays locked for corpus growth till 21 or marriage.
CFP Note
SSY is among the best EEE instruments for girl children — tax-free, sovereign-backed, and a higher notified rate than PPF. The cap is ₹1.5L/year per girl (family maximum is two girls, or three if twins). For any corpus need beyond SSY capacity — overseas education, post-graduation, or simply a bigger goal — supplement with equity mutual fund SIPs. Your Relationship Manager can map the right fund categories (flexicap, large & midcap, or aggressive hybrid) to your horizon and risk profile.
Want a complete plan for your daughter's future?
Share your contact — your Relationship Manager will build a goal-based plan combining SSY, equity SIPs, and insurance, with milestone reviews at key life stages. Zero obligation.
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
Sukanya Samriddhi Yojana — a government scheme for a daughter’s future
Sukanya Samriddhi Yojana (SSY) is a government small-savings scheme designed for a girl child’s education and marriage. It pays a fixed, government-notified interest rate, the maturity is tax-free, and contributions qualify for a deduction under Section 80C. In return for those benefits it asks for patience: the account runs for a long term, with withdrawals allowed only for specific purposes.
This calculator projects the maturity value of an SSY account from your annual deposit and the girl’s age. SSY suits the stable, capital-protected part of a child’s corpus; many families pair it with an equity mutual fund SIP for the growth portion, balancing SSY’s certainty with equity’s higher long-term potential.
How this calculator works
- 1Enter your planned annual deposit and the girl child’s current age.
- 2The calculator applies the notified SSY interest rate over the scheme’s term.
- 3It shows the projected tax-free maturity value.
Frequently asked questions
What is Sukanya Samriddhi Yojana?
SSY is a government-backed savings scheme for a girl child under 10. It offers a fixed, notified interest rate, tax-free maturity, and an 80C deduction on deposits. Deposits are made for a set number of years and the account matures after a long term, with limited early withdrawals for education or marriage.
What is the SSY interest rate and is it taxed?
SSY pays a government-notified rate that is reviewed periodically, historically among the higher small-savings rates. It enjoys EEE tax status — deposits qualify under 80C, and the interest and maturity are tax-free. Because the rate can be revised, treat any specific figure as point-in-time.
SSY, PPF or equity for a child’s goal — which is better?
They serve different roles. SSY and PPF give fixed, tax-free, government-backed returns for the stable part of a long-term corpus; an equity mutual fund SIP offers higher growth potential with market risk for the long-horizon part. Many families combine them — SSY/PPF for certainty, equity for growth.
Related tools
Illustrative only; the SSY rate is set by the government and revised periodically. Verify the current rate before relying on it.
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