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Project SSY maturity at the current 8.2% rate. Plan ₹250 to ₹1.5 lakh yearly deposits for your daughter, with 15-year contribution + 21-year maturity timeline and full 80C tax-free EEE benefits.
Min ₹250 • Max ₹1,50,000 per FY
Default 8.2% — reviewed quarterly by GoI
Eligible: birth to 10 years old
Deposits stop after year 15 (₹1.5L cap × 15 years), but interest continues compounding through year 21.
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| Year 1 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| Year 2 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| Year 3 | ₹1,50,000 | ₹40,009 | ₹5,27,917 |
| Year 4 | ₹1,50,000 | ₹55,589 | ₹7,33,506 |
| Year 5 | ₹1,50,000 | ₹72,448 | ₹9,55,954 |
| Year 6 | ₹1,50,000 | ₹90,688 | ₹11,96,642 |
| Year 7 | ₹1,50,000 | ₹1,10,425 | ₹14,57,067 |
| Year 8 | ₹1,50,000 | ₹1,31,779 | ₹17,38,846 |
| Year 9 | ₹1,50,000 | ₹1,54,885 | ₹20,43,732 |
| Year 10 | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| Year 11 | ₹1,50,000 | ₹2,06,937 | ₹27,30,554 |
| Year 12 | ₹1,50,000 | ₹2,36,205 | ₹31,16,760 |
| Year 13 | ₹1,50,000 | ₹2,67,874 | ₹35,34,634 |
| Year 14 | ₹1,50,000 | ₹3,02,140 | ₹39,86,774 |
| Year 15 | ₹1,50,000 | ₹3,39,215 | ₹44,75,989 |
| Year 16 (deposits end) | — | ₹3,67,031 | ₹48,43,020 |
| Year 17 | — | ₹3,97,128 | ₹52,40,148 |
| Year 18 | — | ₹4,29,692 | ₹56,69,840 |
| Year 19 | — | ₹4,64,927 | ₹61,34,767 |
| Year 20 | — | ₹5,03,051 | ₹66,37,818 |
| Year 21 | — | ₹5,44,301 | ₹71,82,119 |
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Sukanya Samriddhi Yojana (SSY) is a Government of India small-savings scheme launched in 2015 under the 'Beti Bachao Beti Padhao' initiative, exclusively for the girl child. At 8.2% (FY 2024-25), it's among the highest sovereign-guaranteed rates in India — beating PPF (7.1%) and most bank FDs by a meaningful margin.
SSY is EEE (Exempt-Exempt-Exempt): your ₹1.5L yearly contribution qualifies for full Section 80C deduction, the interest accrued is tax-free, and the maturity amount (typically ₹65-75 lakh on max ₹1.5L × 15 years deposits) is fully tax-free. A 30%-slab parent effectively earns ~12% pre-tax-equivalent returns — without market risk.
Eligibility: parent or legal guardian can open an SSY account at any post office or authorised bank for a girl child below 10 years. Maximum 2 SSY accounts per family (3 if twins or triplets). The account is in the daughter's name; she can operate it after age 18. Deposits stop at year 15 but interest continues through year 21 — a powerful structural advantage.
SSY (8.2%, EEE, 21-year maturity, exclusive to girl child) wins on rate. PPF (7.1%, EEE, 15-year maturity, anyone) wins on flexibility. Both qualify for 80C deduction up to ₹1.5L combined per family.
Smart parents max out both: ₹1.5L SSY for daughter + ₹1.5L PPF in their own name = ₹3L invested per year with ₹3L 80C eligibility (only the lower of the two, ₹1.5L per individual taxpayer, qualifies). This builds two parallel tax-free corpuses for the family.
Withdrawal rules: SSY allows 50% withdrawal at age 18 (for higher education), and full closure on marriage after age 18. PPF allows partial withdrawal from year 7 onwards. SSY's restrictions are tighter but its higher rate compensates over the 21-year window.
Open at any India Post Office or authorised bank (SBI, HDFC, ICICI, Axis, etc.). Documents needed: girl child's birth certificate, parent/guardian ID + address proof, photographs. Initial deposit can be ₹250-1,50,000 in cash, cheque, or online transfer.
Open as early as possible — the earlier you start, the longer compounding works. Opening at birth and depositing ₹1.5L yearly for 15 years yields a maturity of ~₹70 lakh at age 21. Opening at age 5 with the same deposits yields the same ~₹70 lakh maturity but at age 26.
After opening, set up auto-debit for monthly or quarterly installments to spread the ₹1.5L annual contribution. Deposit anytime in a financial year — even a single lump-sum deposit on March 31 qualifies for that year's 80C deduction. Just remember: only the first ₹1.5L deposited per FY earns interest; excess is returned without interest.