Girl Child 8.2%
Sukanya Samriddhi Yojana (SSY)
Verified Indian financial mathematics, statutory regulations, and step-by-step actionable breakdowns.
Expected Yield8.2% p.a.
Lock-In Tenure21 Years (Partial at 18)
Risk LevelZero Risk
Tax StatusEEE
Overview & Statutory Background
Sukanya Samriddhi Yojana (SSY) is a Government of India small savings initiative launched under the 'Beti Bachao, Beti Padhao' campaign. It offers the highest interest rate (8.2% p.a.) among all government fixed-income small savings schemes, coupled with complete triple tax exemption (EEE).
Key Features & Operational Guidelines
Account can be opened for a girl child below 10 years of age (max 2 accounts per family)
Deposits required for 15 years; account matures 21 years from date of opening
Minimum deposit ₹250/yr, Maximum deposit ₹1,50,000/yr per financial year
Highest interest rate among government debt products (currently 8.2% compounded annually)
Partial withdrawal up to 50% permitted after girl reaches age 18 for higher education
Who is Eligible to Invest?
- •Parents or legal guardians of a resident Indian girl child below 10 years of age
Indian Taxation Breakdown
| Stage | Tax Treatment |
|---|---|
| Initial Investment | Eligible for Section 80C deduction up to ₹1.5 Lakhs (Old Tax Regime). |
| Interest & Returns | 100% tax-free under Section 10(11A) in both Old and New Tax Regimes. |
| Maturity / Withdrawal | Entire maturity corpus is 100% tax-free. |
Advantages & Limitations
Key Advantages (Pros)
- ✓Highest sovereign guaranteed interest rate (8.2% p.a.) in India
- ✓Complete EEE tax-free status delivers unbeatable real debt returns
- ✓Strict lock-in guarantees money is preserved exclusively for child higher education or marriage
- ✓Low minimum deposit of just ₹250 per year
Important Limitations (Cons)
- ✕Strict eligibility restricted exclusively to girl children under 10 years
- ✕21-year long lock-in tenure
- ✕Maximum deposit capped at ₹1.5 Lakhs per financial year
Sukanya Samriddhi Yojana (SSY) FAQs
If the girl child acquires citizenship of another country or becomes a non-resident, the account is deemed closed from the date of change in status, and interest ceases.
Calculate Compound Returns
Use our interactive calculators to simulate exact growth schedules for this asset.