SSY Calculator for ₹1,500 / Month (₹18,000/yr)
21-Year Tax-Free Wealth Creation at 8.2% Govt Interest
21-Year Tax-Free Maturity Value
₹8.62 Lakhs
+₹5.92 Lakhs Total Interest Earned
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SSY Scheme Overview
Total 15-Yr Deposit:₹2.70 Lakhs
Total Interest Earned:₹5.92 Lakhs
Interest Rate:8.2% p.a. Compounded
Tax Status:100% Tax-Free (EEE)
Frequently Asked Questions
Depositing ₹1,500 / Month (₹18,000/yr) for 15 years yields a total tax-free maturity amount of ₹8.62 Lakhs at the end of 21 years (Total deposit: ₹2.70 Lakhs + Total Interest: ₹5.92 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.