What is Sukanya Samriddhi Yojna?

Sukanya Samriddhi Yojna is a government savings scheme made specially for a girl child in India. Parents can save small amounts every year for their daughter’s future education or marriage. This scheme gives higher interest compared to normal savings accounts and is very safe because it is backed by the Government of India. It is mainly started to support the financial security of a girl child.

How to calculate Sukanya Samriddhi Yojna maturity

Follow these steps to use the calculator on the page for an accurate maturity projection:

1. Enter the girl child’s date of birth or age Input the exact date of birth (or current age in years). This determines:

a) The account opening/reference year.

b) The maturity date (account matures after 21 years from opening or when the girl turns 21, whichever aligns).

2. Enter the initial deposit / opening amount Specify the amount deposited when opening the account (minimum ₹250, maximum ₹1.5 lakh per financial year). Some tools label this as “Initial Deposit” or “Deposit Amount in First Year”.

3. Specify the annual/yearly contribution amount Enter the regular yearly deposit you plan to make (up to ₹1.5 lakh per financial year). Deposits are required only for the first 15 years; the account continues to earn interest for the remaining period until maturity even without further contributions.

4. Check or input the interest rate The calculator typically pre-fills or displays the current government-set rate (e.g., 8.2% as of Now). If editable, use the prevailing rate; otherwise, it applies the default/latest rate shown.

5. Calculate Click the “Calculate”, “Submit”, or equivalent button. The tool computes and displays key results using compound interest formula applied annually (interest is compounded yearly on the lowest monthly balance).

Sukanya Samriddhi Yojna Post Offices

A sukanya samriddhi yojna account can be opened at any authorized Sukanya Samriddhi Yojna Post Offices across India. The Sukanya Samriddhi Yojna Post Offices network makes it easy for parents and legal guardians to start saving for their daughter’s future without visiting a bank. Most post offices provide simple account opening procedures, online passbook updates, and deposit facilities.

A Sukanya Samriddhi Yojna Post Office also allows account transfer to another post office or an authorized bank if the family relocates. Since the scheme is backed by the Government of India, it offers a secure and reliable investment option. Before opening a sukanya samriddhi yojna account, ensure that all required documents, including the girl’s birth certificate and guardian’s identity proof, are available to avoid delays.

Sukanya Samriddhi Yojana Chart Details

Feature	Details
Scheme Name	Sukanya Samriddhi Yojana (SSY)
Launched By	Government of India
Purpose	Long-term savings for the girl child’s education & marriage
Eligible Child	Resident Indian girl below 10 years of age
Who Can Open	Parent or Legal Guardian
Maximum Accounts	One account per girl child (maximum two girls per family; exceptions for twins/triplets as per rules)
Account Opening Place	India Post Office & Authorized Banks
Minimum Deposit	₹250 per financial year
Maximum Deposit	₹1,50,000 per financial year
Deposit Frequency	Any number of deposits in multiples as permitted, within annual limit
Deposit Period	15 years from account opening
Maturity Period	21 years from account opening
Current Interest Rate	8.2% per annum (Government revises quarterly)
Interest Compounding	Annually
Tax Benefit	EEE (Deposit, Interest & Maturity all tax exempt under applicable provisions)
Section 80C Benefit	Up to ₹1.5 lakh per financial year
Partial Withdrawal	Up to 50% of eligible balance after the girl turns 18 years (subject to rules)
Premature Closure	Allowed under specified conditions such as death, compassionate grounds, marriage after age 18, etc.
Transfer Facility	Can be transferred anywhere in India between Post Offices and authorized Banks
Nomination	Not permitted during the life of the girl child
Risk	Sovereign Government-backed (Very Low Risk)

सुकन्या समृद्धि योजना चार्ट विवरण

विवरण	जानकारी
योजना का नाम	सुकन्या समृद्धि योजना  (SSY)
योजना शुरू की	भारत सरकार
उद्देश्य	बालिका की शिक्षा एवं विवाह हेतु दीर्घकालीन बचत
पात्र बालिका	10 वर्ष से कम आयु की भारतीय निवासी बालिका
खाता कौन खोल सकता है	माता-पिता या कानूनी अभिभावक
अधिकतम खाते	प्रत्येक बालिका के नाम एक खाता; सामान्यतः परिवार में अधिकतम दो खाते (जुड़वाँ/तीन बच्चियों के विशेष नियम लागू)
खाता कहाँ खोलें	डाकघर एवं अधिकृत बैंक
न्यूनतम वार्षिक जमा	₹250
अधिकतम वार्षिक जमा	₹1,50,000
जमा अवधि	खाता खुलने की तिथि से 15 वर्ष
परिपक्वता अवधि	खाता खुलने की तिथि से 21 वर्ष
वर्तमान ब्याज दर	8.2% वार्षिक (सरकार द्वारा प्रत्येक तिमाही समीक्षा)
ब्याज की गणना	वार्षिक चक्रवृद्धि
कर लाभ	EEE (जमा, ब्याज एवं परिपक्वता राशि कर मुक्त, लागू नियमों के अनुसार)
धारा 80C लाभ	₹1.5 लाख तक की कर छूट
आंशिक निकासी	18 वर्ष की आयु के बाद पात्र शर्तों के अनुसार 50% तक
समयपूर्व बंद	विशेष परिस्थितियों में जैसे मृत्यु, गंभीर कारण, 18 वर्ष के बाद विवाह आदि
स्थानांतरण सुविधा	पूरे भारत में डाकघर एवं अधिकृत बैंक के बीच
नामांकन	बालिका के जीवनकाल में नामांकन की अनुमति नहीं
जोखिम स्तर	भारत सरकार द्वारा समर्थित, अत्यंत सुरक्षित

Sukanya Samriddhi Yojna Interest Rate

The Sukanya Samriddhi Yojna Interest Rate is announced by the Government of India and is generally reviewed every quarter. The Sukanya Samriddhi Yojna interest rate is one of the highest among government-backed small savings schemes, making an attractive long-term investment for parents. Interest is compounded annually, helping the deposited amount grow significantly over time. Since the Sukanya Yojna Interest Rate may change in future quarters, investors should always check the latest notified rate before planning annual deposits. Even if the rate changes, the scheme continues to provide a combination of safety, disciplined savings, and tax benefits for the girl child’s future.

Sukanya Samriddhi account opening

Opening an account under Sukanya Samriddhi Yojna is very easy. Parents or legal guardians can open the account in a post office or authorised bank. You need basic documents like birth certificate of the girl child, identity proof, and address proof. The account is opened in the name of the girl child, and parents manage it till she becomes an adult.

SSY eligibility rules

Under Sukanya Samriddhi Yojna, the account can be opened for a girl child who is below 10 years of age. Only one account is allowed per girl child, and a maximum of two accounts per family is permitted. The account must be opened by parents or a legal guardian. These simple eligibility rules make the scheme clear and easy to follow.

Sukanya Samriddhi Yojna interest rate, Girl child savings scheme India

The Sukanya Samriddhi Yojna Interest Rate is announced by the Government of India and is generally reviewed every quarter. The Sukanya Samriddhi Yojna interest rate is one of the highest among government-backed small savings schemes, making an attractive long-term investment for parents. Interest is compounded annually, helping the deposited amount grow significantly over time. Since the Sukanya Yojna Interest Rate may change in future quarters, investors should always check the latest notified rate before planning annual deposits. Even if the rate changes, the scheme continues to provide a combination of safety, disciplined savings, and tax benefits for the girl child’s future.

Sukanya Samriddhi Yojna is one of the best girl child savings schemes in India because it offers a higher interest rate than most fixed deposits. The interest rate is decided by the government and changes from time to time. The interest earned is added every year, helping the savings grow faster and giving good returns in the long term.

Sukanya Smriddhi tax benefit

One big advantage of Sukanya Samriddhi Yojna is its tax benefit. The money invested in this scheme qualifies for tax deduction under Section 80C. The interest earned and the maturity amount are also tax-free. Because of this triple tax benefit, many parents prefer this scheme for long-term savings and tax planning.

Is Sukanya Samriddhi Yojna Tax Free?

Many parents ask, Is Sukanya Samriddhi Yojna Tax Free? The answer is yes, sukanya samriddhi yojna enjoys one of the most favourable tax treatments available under Indian tax laws. Sukanya Yojna is Tax Free. Yes, deposits qualify for deduction under Section 80C within the prescribed limit, the interest earned is exempt from income tax, and the maturity amount is also tax-free subject to applicable provisions. This tax status is commonly known as the Exempt-Exempt-Exempt (EEE) benefit. Therefore, Sukanya Yojna is Tax Free For eligible investors following the scheme rules, it remains one of the best tax-saving and long-term wealth creation options.

Interest on Sukanya Samriddhi Yojana Exempt Under Which Section

Many taxpayers want to know, Interest on Sukanya Samriddhi Yojana Exempt Under Which Section? The interest earned from sukanya yojna is exempt from income tax under the provisions governing the scheme, while the investment itself qualifies for deduction under Section 80C of the Income-tax Act, 1961. When discussing Interest on Sukanya Yojana Exempt Under Which Section, it is important to understand that the scheme follows the EEE tax structure, where eligible deposits, annual interest, and maturity proceeds remain tax-free.

Therefore, if someone asks Interest on Sukanya Yojana Exempt Under Which Section, the practical answer is that the deposit receives the Section 80C deduction, while the interest exemption is provided under the notified provisions applicable to samriddhi yojna, subject to compliance with the scheme rules.

SSY maximum and minimum investment limit

In Sukanya Smriddhi Yojna, you can start investing with a very small amount every year. The minimum investment is affordable for most families, while the maximum limit allows parents to save more if they wish. This flexible investment limit makes the scheme suitable for both small and regular savers who want to plan their daughter’s future.

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