Sukanya Samriddhi Yojana (SSY) Calculator
Estimate total maturity fund, annual interest compounded, and partial education withdrawal for your daughter's future at 8.2% sovereign government return. (Also widely searched as Selva Magal Thittam / செல்வ மகள் திட்டம் in Tamil Nadu and सुकन्या समृद्धि योजना across India).
SSY Investment Parameters
Selva Magal Semippu Thittam (Post Office SSY 8.2% Interest & Maturity Calculator)
Official India Post maturity returns for Selva Magal Scheme (செல்வ மகள் சேமிப்பு திட்டம்). Guaranteed 8.2% annual compound interest with 100% tax-free maturity under Section 80C (EEE).
| Deposit Amount | Deposit Period | Total Investment | Compound Interest | 21-Year Maturity |
|---|---|---|---|---|
| ₹1,000 / month (₹12,000 / yr) | 15 Years | ₹1,80,000 | ₹3,94,570 | ₹5,74,570 |
| ₹10,000 / year (~₹833 / mo) | 15 Years | ₹1,50,000 | ₹3,28,808 | ₹4,78,808 |
| ₹50,000 / year (~₹4,166 / mo) | 15 Years | ₹7,50,000 | ₹16,44,042 | ₹23,94,042 |
| ₹1.50 Lakh / year (80C Limit) | 15 Years | ₹22,50,000 | ₹49,32,127 | ₹71,82,127 |
Compare 21-year risk-free SSY compounding against Sovereign Gold Bonds (8.5% gold CAGR + 2.5% RBI coupon) with 100% tax-free capital gains under Section 47.
SSY delivers significant compound interest superiority over Public Provident Fund (PPF) across identical 21-year horizons.
Compare 21-year risk-free SSY compounding against hybrid mutual funds balancing equity upside with Section 112A post-tax reality.
Evaluate the ₹11 Lakh to ₹25+ Lakh survival wealth gap between 8.2% compound interest in SSY versus LIC Kanyadan's death premium waiver benefit.
Deposit vs Compound Interest Wealth
21-Year Account Timeline
8.2% Sovereign Growth| Year | Daughter Age | Deposit (₹) | Interest (₹) | Closing Balance (₹) |
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Everything You Need to Know About Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Account (SSA) is a flagship small deposit scheme backed by the Government of India exclusively for the benefit of girl children under the *Beti Bachao Beti Padhao* initiative. It offers one of the highest interest rates among all fixed-income government savings schemes.
Key Rules & Eligibility
- Age of Girl Child: Can be opened from birth until 10 years of age. A grace period is not permitted beyond 10 years.
- Maximum Accounts: Only one account per girl child, and maximum 2 accounts per family (with exception for twins/triplets).
- Deposit Term: Deposits need to be made for the first 15 years from account opening.
- Maturity Period: The account matures on completion of 21 years from the date of opening, or upon marriage of the girl child after age 18.
Tax Benefits & Partial Withdrawal
- Triple Tax Exemption (EEE): Deposits qualify for Section 80C tax deduction up to ₹1.5 Lakh. Both annual accrued interest and final maturity payout are 100% tax-free.
- Higher Education Withdrawal: Up to 50% of the balance at the end of the preceding financial year can be withdrawn once the girl child turns 18 or clears 10th standard.
- Sovereign Safety: Backed by the Ministry of Finance, offering 100% principal and interest safety with zero market risk.
Regional Designations (Selva Magal Thittam)
In Tamil Nadu post offices, SSY is officially administered and promoted as Selva Magal Semippu Thittam (செல்வ மகள் சேமிப்பு திட்டம்). The rules, 8.2% interest rate, and 21-year maturity timeline are 100% identical to the central scheme.
Similarly, across northern states, it is known as सुकन्या समृद्धि खाता योजना and can be opened in India Post branches or any designated public/private sector bank.
SSY vs Equity Mutual Funds for Child Education
While SSY provides a rock-solid sovereign guarantee of 8.2% tax-free growth, equity mutual funds offer potential 12–14% returns to beat education inflation over 15–20 years.