SSY Calculator for ₹1,000 / Month (₹12,000/yr)
21-Year Tax-Free Wealth Creation at 8.2% Govt Interest
21-Year Tax-Free Maturity Value
₹5.75 Lakhs
+₹3.95 Lakhs Total Interest Earned
Popular SSY Deposit Searches:
SSY Scheme Overview
Total 15-Yr Deposit:₹1.80 Lakhs
Total Interest Earned:₹3.95 Lakhs
Interest Rate:8.2% p.a. Compounded
Tax Status:100% Tax-Free (EEE)
Frequently Asked Questions
Depositing ₹1,000 / Month (₹12,000/yr) for 15 years yields a total tax-free maturity amount of ₹5.75 Lakhs at the end of 21 years (Total deposit: ₹1.80 Lakhs + Total Interest: ₹3.95 Lakhs at 8.2% rate).
No! You only make deposits for the first 15 years. During years 16 to 21, no further deposits are required, but your accumulated balance continues to earn 8.2% annual compound interest until the 21-year maturity.