Loading...
Daughters' wealth: 8.2% tax-free returns, 21 years
Maturity Amount
Total Interest Earned
Invested Amount
Sukanya Samriddhi Yojana (SSY) is India's government-backed savings scheme exclusively for girl children (below 10 years), delivering India's highest guaranteed returns at 8.2% p.a.—0.8% higher than PPF. Parents or guardians invest up to ₹1.5 lakh annually per daughter, fully deductible under Section 80C, with all interest and maturity completely tax-free. After 21 years, investment of ₹1.5L/year (₹31.5L total) compounds to ₹85-95 lakh—more than enough to cover education (₹20-30L) and marriage expenses (₹50-60L). SSY was specifically designed to address gender inequality and encourage parents to invest in girls' futures. Unlike typical savings schemes, SSY has provisions for education withdrawal (50% after 18 years) and marriage withdrawal (full balance at 21). The scheme is operated by post offices and banks across India, with government guarantee ensuring absolute safety. Many parents open SSY accounts the moment a daughter is born, leveraging compounding for 21 years. Compared to PPF (7.1%, 15-year lock, unisex), SSY offers higher returns, longer tenure, and female-specific benefits—making it the preferred choice for daughters.
A = P × (1 + r/n)^(n×t)Where:
Upload your contract and get a clause-by-clause risk analysis verified against Indian law. Free — no signup needed.
Explore more calculators and tools to help with your financial decisions.
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.