Question 1

What is Sukanya Samriddhi Yojana?

Accepted Answer

A government-backed savings scheme for girl children offering tax-free interest and guaranteed returns.

Question 2

What is the current interest rate?

Accepted Answer

The government reviews SSY rates quarterly. Check the latest notification for the current rate.

Question 3

What is the maximum deposit limit?

Accepted Answer

You can deposit a maximum of ₹1,50,000 per financial year.

Question 4

What is the maturity period?

Accepted Answer

The account matures 21 years after opening or when the girl turns 21, whichever is later.

Question 5

Can I open an account for more than one daughter?

Accepted Answer

Yes, but only up to two accounts per family (exceptions for twins/triplets).

Question 6

Is this calculator free?

Accepted Answer

Yes, completely free with no sign-up. Use it unlimited times online on any device.