Sukanya Samriddhi Calculator – SSY Return (8.2% Rate)
Estimate the lock-in growth and maturity value of Sukanya Samriddhi Yojana (SSY) deposits for girl children with 8.2% current interest.
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Sukanya Samriddhi Yojana (SSY) girl child scheme
SSY is a small savings scheme launched under the 'Beti Bachao Beti Padhao' campaign. Parents can open an account for a girl child below the age of 10. The account matures after 21 years or upon the marriage of the girl child after she turns 18.
Currently offering a competitive interest rate of 8.2% p.a., SSY also carries the coveted EEE tax status, making it one of the best risk-free avenues to fund higher education and wedding expenses.
Frequently Asked Questions (FAQ)
1. How many SSY accounts can be opened per family?
A family can open a maximum of two SSY accounts (one for each girl child). An exception is made in the case of triplets or twin girls born after the first child.
2. What happens if I fail to make the minimum deposit?
A minimum deposit of ₹250 is required annually. If not met, the account is deactivated but can be revived by paying a penalty of ₹50 per year.