Girl-child long-term tax-free corpus.
Maturity at Year 21
₹71.82 L
Total invested over 15 years: ₹22.5 L
Invested
₹22.5 L
Interest
₹49.32 L
SSY is a small-savings scheme for a girl child below 10 years. Deposits up to ₹1.5 lakh/year (qualifying under 80C) are accepted for 15 years; the account matures in year 21. Interest is compounded annually and fully tax-free at maturity.
Currently among the highest sovereign-backed tax-free yields available to Indian households.
Parents/legal guardians can open an SSY account for a girl child below 10 years. One account per girl, maximum two per family (three if second birth is twins). The account matures 21 years from opening or on the girl's marriage after age 18.
The current SSY rate is 8.2% per annum (Q1 FY2024-25), compounded annually. Rates are reviewed quarterly by the government. SSY consistently offers the highest interest rate among all small savings schemes.
Yes — SSY is fully EEE. Contributions up to ₹1.5 lakh annually qualify for Section 80C deduction, interest accrued is tax-free, and the maturity amount is tax-free. It is the most tax-efficient girl-child savings instrument in India.
Depositing the maximum ₹1.5 lakh annually for 15 years at 8.2% builds a corpus of approximately ₹70-72 lakh by maturity (21 years from opening). The maturity proceeds can fund higher education, marriage or initial business capital — completely tax-free.