Why Use the Sukanya Samriddhi Yojana (SSY) Calculator?
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme designed to secure the financial future of a girl child. With our SSY Calculator, you can easily estimate the maturity corpus you will build for your daughter’s higher education or marriage. The scheme currently offers an attractive interest rate of 8.2% p.a., and investments qualify for tax deduction under Section 80C.
Frequently Asked Questions (FAQs)
What is the age limit for opening an SSY account?
An SSY account can only be opened for a girl child before she attains the age of 10 years. The account matures 21 years after the date of opening.
For how many years do I need to deposit money?
You need to make deposits for exactly 15 years from the date of account opening. From year 16 to 21, no deposits are required, but your balance will continue to earn compound interest.
What are the minimum and maximum investment limits?
The minimum required deposit is ₹250 per financial year, and the maximum allowed deposit is ₹1,50,000 per financial year to claim tax benefits.