What is Sukanya Samriddhi Yojana?
SSY is a government-backed small-savings scheme intended to help families save for an eligible girl child's future. Before opening an account, confirm the current eligibility rules and account-opening conditions with India Post or an authorised bank.
What SSY interest rate should you use?
India Post currently lists an interest rate of 8.2% per annum for the Sukanya Samriddhi Account. Small-savings rates are subject to government notifications, so verify the rate applicable to the current quarter before using it for financial planning. A future rate change can affect the eventual maturity value.
SSY deposit limits and account duration
Published scheme information describes a minimum annual deposit of ₹250 and a maximum of ₹1,50,000 in a financial year. The account generally matures 21 years from opening, subject to the scheme rules. Confirm the current rules about yearly deposits, the deposit period, maturity and account operation from official sources.
How to use the GovtSave SSY calculator
Enter your planned yearly contribution and review the projected maturity estimate. Try different contribution amounts to compare possible outcomes. The result depends on the calculator's stated rate and deposit-timing assumptions, and may differ from the actual account balance under official interest-credit rules.
When can money be withdrawn from an SSY account?
Withdrawal and premature-closure conditions are governed by specific scheme rules, including conditions relating to the account holder's age and eligible circumstances. Do not assume that the full balance can be withdrawn at any time; check the latest official rules before relying on funds for an upcoming expense.
SSY calculator: Is the maturity result guaranteed?
No. The calculator provides an illustration based on its assumptions; it is not an official maturity statement. Actual results depend on deposits, applicable interest rates and account rules over time. Verify the figures with the account provider and current official guidance.
SSY versus PPF and other savings schemes
SSY, PPF, SCSS and POMIS serve different purposes and have different eligibility, access and payout rules. Compare the intended savings goal, time horizon, liquidity and account-holder eligibility rather than selecting a scheme based on interest rate alone.
Official information for Sukanya Samriddhi Yojana
Use India Post's official savings-schemes page to review the published account information and rate. Check the latest applicable government notification before making an investment decision.
Official information
Check current scheme terms, eligibility and applicable rates using the relevant official source before making decisions.
Visit official sourceGovtSave is an independent educational platform, not an official government website. Calculations are illustrative estimates and are not personalised financial advice. Verify current scheme rules with official sources.