8%+ tax-free returns for your daughter — SSY is genuinely one of India's best safe schemes. But is it enough alone for education costs? Here's the full picture.
We'll size the complete plan: SSY + growth investments + protection, on WhatsApp.
📅 Book a Free Call 💬 WhatsApp Us| Feature | Detail |
|---|---|
| Interest rate | ~8–8.2% (revised quarterly, tax-free) |
| Max deposit | ₹1.5 lakh/year |
| Min deposit | ₹250/year |
| Tenure | 21 years from opening / till daughter turns 18 for partial withdrawal |
| Tax | EEE — deposit, interest and maturity all tax-free |
| Eligibility | Girl child below 10; one account per daughter, max two |
Max ₹1.5L/year × 15 deposit years at 8.2% ≈ ₹42–45 lakh at maturity. Respectable — but private MBBS at ~₹2Cr (inflated) dwarfs it. SSY is the safe base, not the whole plan. Pair it with equity SIPs for the growth portion.
Around 8–8.2%, revised quarterly by the government. Interest is fully tax-free, making the effective return higher than most fixed-income options.
Minimum ₹250, maximum ₹1.5 lakh per financial year, for 15 years. The account matures after 21 years from opening.
Rarely alone — maxed out it builds ~₹42–45 lakh, while inflated private education can cost ₹1–2Cr+. Use SSY as the safe base plus equity SIPs for growth.
No — accounts can only be opened before the girl turns 10. If you missed it, PPF + SIPs is the closest alternative stack.
Try it yourself: open the matching calculator →