₹1.50L
8.2%
3 yrs
Disclaimer
SSY interest rate is 8.2% p.a. (revised quarterly). Account can be opened at any Post Office or authorized bank.
Conclusion
By investing ₹1,50,000 annually, you will deposit a total of ₹22,50,000 over 15 years. At an interest rate of 8.2%, this will grow into a completely tax-free corpus of ₹56,69,840 when the account matures (21 years from opening).
Maturity Amount (at age 21)
₹56,69,840
Total Deposited
₹22,50,000
Interest Earned
+₹34,19,840
Value in Today's Money
₹19.86L
Adjusted for 6.0% annual inflation over 18 years.