About Sukanya Samriddhi Yojana (SSY)
Launched under the Beti Bachao Beti Padhao initiative, SSY is a government-backed small savings scheme specifically for the girl child. It offers one of the highest interest rates among all government savings schemes along with full tax exemption.
| Feature | Details |
|---|---|
| Interest Rate | ~8.0% per annum (among the highest for govt schemes) |
| Eligibility | Girl child below 10 years of age |
| Accounts per Family | Maximum 2 (one per girl child) |
| Minimum Deposit | ?250 per year |
| Maximum Deposit | ?1,50,000 per year |
| Deposit Period | First 15 years from account opening |
| Maturity | 21 years from account opening |
| Partial Withdrawal | 50% of balance when girl turns 18 (for education) |
| Tax Status | EEE — investment, interest, and maturity all tax-free |
How Much Can SSY Build?
| Annual Investment | Total Invested (15 yrs) | Maturity Amount (21 yrs) |
|---|---|---|
| ?12,500 (?1,042/month) | ?1,87,500 | ~?5,42,000 |
| ?50,000 (?4,167/month) | ?7,50,000 | ~?21,70,000 |
| ?1,00,000 (?8,333/month) | ?15,00,000 | ~?43,40,000 |
| ?1,50,000 (?12,500/month) | ?22,50,000 | ~?65,10,000 |
Calculated at 8% interest. Actual maturity amounts may vary based on prevailing rates.
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