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Sukanya Samridhi Yojana (SSY) Scheme Account: Calculator, Features, Interest Rate

Sukanya Samridhi Yojana (SSY) Scheme Account: Calculator, Features, Interest Rate

Features of SSY Sukanya Samridhi Scheme

  • Saving Scheme for girl higher education and marriage financial support
  • Highest interest rate % among the other all government scheme
  • The investment will be no tax on the amount invested, the amount earned as interest and amount withdraw.

  • Sukanya Samridhi Yojana (SSY) Calculator
    Yearly deposit in SSY
    SSY Interest Rate in %
    Deposit Add per
    Deposit Period (Years) 15 Years
    Maturity Value
    Total Investment
    Interest earn


    According to the rules, the following people are eligible to open a Sukanya Samridhi Yojana account:
    1. Age of the girl child should not exceed 10 years
    2. She should be a resident citizen of India
    3. The account cannot be opened for more than two girl children in a single-family

    Exception:- if first birth is one girl child and second birth of twin girl children then the account is open for three girl children.
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    Sukanya Samridhi Yojana (SSY) Scheme Account: Calculator, Features, Interest Rate

    Interest Rate:-

    As of 1st July 2019, SSY accounts offer 8.4% rate of interest. This is the highest interest rate among the saving scheme by government of India.

    Interest Rate of SSY in All financial year

    Serial Number Financial Year Date Range Interest Rate Minimum Investment Maximum Investment
    1 2014-15 1 April 2014 to 31 March 2015 9.1% 1,000 1,50,000
    2 2015-16 1 April 2015 to 31 March 2016 9.2% 1,000 1,50,000
    3 2016-17 1 April 2016 to 30 Sep 2016 8.6% 1,000 1,50,000
    4 2016-17 1 Oct 2016 to 31 Mar 2017 8.5% 1,000 1,50,000
    5 2017-18 1 April 2017 to 30 June 2017 8.4% 1,000 1,50,000
    6 2017-18 1 July 2017 to 31 December 2017 8.3% 1,000 1,50,000
    7 2017-18 1 January 2018 to 31 March 2018 8.1% 1,000 1,50,000
    8 2018-19 1 April 2018 to 30 September 2018 8.1% 250 1,50,000
    9 2018-19 1 October 2018 to 31 March 2019 8.5% 250 1,50,000
    10 2019-20 1 April 2019 to 30 June 2019 8.5% 250 1,50,000
    11 2019-20 1 July 2019 to 31 March 2020 8.4% 250 1,50,000
    12 2020-21 1 April 2020 to 30 September 2020 7.6% 250 1,50,000

    Tax benefit:-

    As applicable under section 80C of the IT Act, 1961. In the latest Finance Bill, the scheme has been extended Triple exempt (EEE) benefits i.e. there will be
    • No tax on the amount invested
    • The amounts earned as interest
    • The amount is withdrawn.

    Account Procedure

    Where does the Sukanya Sumruddhi Yojana account open?

    SSY account is open in any Indian post office or notified branches of Commercial Banks.
    Click Here for all form

    Which Document Need for SSY Account?

    Document need for SSY account are below

  • Girl child Birth certificate
  • 2 Girl passport size photo
  • Depositor AddharCard
  • Depositor PanCard
  • Depositor 2 Passport size photo

  • Note: Depositor means Mother or father which one get a tax benefit.

    Minimum Deposit in SSY?

    Minimum ₹250 of initial deposit with multiple of ₹100 thereafter with an annual ceiling of Rs.150000 in a financial year.

  • Minimum Deposit is ₹250 must be deposited in a Financial year.
  • Maximum Deposit is ₹1,50,000 in a financial year.
  • Passbooks will be issued to customers.

    What if the account is discontinuous?

    If the minimum amount of ₹250/- is not deposited in any financial year then the account is discontinued.

    a penalty of Rs 50/- will be charged + Arrears for years of default.

    Example:- if the account is discontinued in 2015 and wants to reopen in 2019 financial year then.
    4 × ₹50. penalty per year + ₹50 charges = ₹250 total charges.

    Account holder transfer SSY account?

    Yes, Acoount holder can transfer accoubt from any bank/post office to postoffice/bank in all india.

    Tenure of deposit

    Deposits in an account can be made till completion of 14 years, from the date of opening of the account

    The account shall mature on completion of 21 years from the date of opening of the account

    the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage.

    SSY permitted before girl child marriage Because the aim of SSY is complete girl Higher Education and Marriage finance.


    account holders can withdraw SSY in two option withdrawal facilities after attaining 18 years of age.
    1. higher education and
    2. marriage
    The withdrawal amount is 50% of the balance lying in the account as at the end of the previous financial year.

    Example: if you want to withdraw after girl child age is 18 or 18+ in 2019 then you can withdraw 50% of the balance lying in the account as at the end of the previous financial year 2019.

    Closure of Account:-

    The two-way sanction of the closure of account authorised by the Central Government is below.
  • If the beneficiary is married before the maturity of the account
  • and
  • If the accountholder’s (girl) death or for the treatment of life-threatening diseases

  • Read More:

  • Public Provident Fund (PPF) calculator
  • Tax Saving Mutual Funds (MFs)
  • NPS scheme calculator

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