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Calculate SSY maturity value at 21 years with 8.2% guaranteed return
Maturity Amount
Total Interest Earned
Invested Amount
SSY (Sukanya Samriddhi Yojana) is India's flagship government scheme for girl child education and marriage funding. Open account for girl child <10 years, contribute ₹500-1.5 lakh annually for 14 years (or flex timing), earn government-guaranteed 8.2% p.a., and withdraw tax-free at age 18 (50% for education) and age 21 (100% for marriage). A parent investing ₹1 lakh annually for 14 years builds ₹20+ lakh corpus by age 21, all tax-free and guaranteed. SSY is ideal for: parents of girl children, grandparents (account opened on grandchild's name), guardians (legal guardians can open). It's as safe as PPF (government-backed), more generous (higher interest rate 8.2%), and purpose-specific (education + marriage). In India's context, SSY is a cultural-financial fit—combining government support for girls' education with savings discipline. SEBI-regulated, tax-guaranteed, no market risk.
A = P × (1 + r/n)^(n×t)Where:
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.