Project the maturity value of a Sukanya Samriddhi account for a girl child, across 15 years of deposits and a 21-year term, including the tax saved under Section 80C.
Deposits are permitted only for the first 15 years from opening, but the balance keeps compounding annually until the account matures 21 years after opening. That six-year tail of pure compounding on an untouched balance is a large part of the final figure. Deposits of ₹250 to ₹1.5 lakh a year qualify under Section 80C.
A parent or legal guardian, for a girl child below the age of 10. It is limited to two accounts per family, one per girl child, with an exception for twins or triplets.
Yes. It has exempt-exempt-exempt status: deposits qualify under Section 80C, interest accrues tax-free, and the maturity amount is tax-free. Combined with a rate typically above PPF, that makes the effective return notably strong for a guaranteed instrument.
The account matures 21 years after opening, or on the girl's marriage after she turns 18. Up to 50% of the balance may be withdrawn for higher education once she turns 18 or passes the tenth standard.
The account is treated as in default and must be regularised with a small penalty per defaulted year plus the minimum deposit. A minimum of ₹250 a year is required to keep it active.
This calculator is for information only and is not investment, tax, or financial advice. Figures are estimates based on the assumptions you enter and are not a guarantee of future returns. Consult a SEBI-registered adviser or a qualified tax professional before acting.