SSY Calculator for ₹2,000 / Month (₹24,000/yr)
21-Year Tax-Free Wealth Creation at 8.2% Govt Interest
21-Year Tax-Free Maturity Value
₹11.49 Lakhs
+₹7.89 Lakhs Total Interest Earned
Popular SSY Deposit Searches:
SSY Scheme Overview
Total 15-Yr Deposit:₹3.60 Lakhs
Total Interest Earned:₹7.89 Lakhs
Interest Rate:8.2% p.a. Compounded
Tax Status:100% Tax-Free (EEE)
Frequently Asked Questions
Depositing ₹2,000 / Month (₹24,000/yr) for 15 years yields a total tax-free maturity amount of ₹11.49 Lakhs at the end of 21 years (Total deposit: ₹3.60 Lakhs + Total Interest: ₹7.89 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.