What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched as part of the 'Beti Bachao, Beti Padhao' campaign. It is designed to help parents build a dedicated fund for their girl child's higher education and marriage. SSY offers one of the highest interest rates among small savings schemes (currently 8.2% per annum) and comes with EEE (Exempt-Exempt-Exempt) tax benefits under Section 80C.
SSY Rules & Eligibility:
- Age Limit: Can be opened for a girl child from birth until she reaches 10 years of age.
- Deposit Tenure: Deposits must be made for 15 years from the date of opening.
- Maturity Period: The account matures after 21 years from account opening or upon the girl's marriage after age 18.
- Deposit Limits: Minimum Rs. 250 and Maximum Rs. 1.5 Lakh per financial year.
Sukanya Samriddhi Yojana Calculator
👧 Sukanya Samriddhi Yojana (SSY) Calculator
Frequently Asked Questions (FAQs)
Can I withdraw money prematurely from SSY?
Partial withdrawal of up to 50% of the account balance is permitted for the girl child's higher education after she turns 18 or passes the 10th standard.
💡 Related Guides & Recommended Reading:
Is SSY interest tax-free?
Yes. The entire interest earned and the final maturity corpus are 100% tax-free under Section 10(11D) of the Income Tax Act.
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🌍 Explore All CalculatorsDisclaimer: The calculations provided by these calculators are estimates based on standard rules and current policies. For official government declarations, financial planning, or investments, please consult with a certified financial planner. — Global Info Wiki Editorial Team
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