Sukanya Samriddhi Yojana (SSY) Calculator – Estimate Your Girl Child’s Maturity Amount
Use this free Sukanya Samriddhi Yojana calculator to estimate how much your SSY account will be worth at maturity. Enter your daughter’s age, your planned deposit amount, and the current interest rate to see a full year-by-year breakdown of deposits, interest, and final maturity value.
Rate shown is illustrative. The Government of India revises the SSY interest rate every quarter – check the latest rate before relying on this figure.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the “Beti Bachao Beti Padhao” campaign to encourage long-term savings for a girl child’s education and marriage expenses. Parents or legal guardians can open an SSY account for a girl child below 10 years of age at any post office or authorized bank branch. The scheme offers one of the highest interest rates among small savings instruments in India, along with full tax exemption on the invested amount, accrued interest, and maturity proceeds.
SSY Calculator Formula Explained
The SSY calculator above follows the same year-by-year compounding logic used by the actual scheme. Here is how it works:
- Deposits are allowed for the first 15 years from the date the account is opened.
- For each of those 15 years, your annual deposit is added to the balance, and then interest is calculated on the updated balance and credited annually.
- From year 16 through year 21, no new deposits are made, but the accumulated balance keeps earning compound interest until maturity.
- The account matures 21 years after opening, or earlier if the girl marries after turning 18 (subject to scheme rules).
In formula terms, for each year: Balance = (Previous Balance + Deposit) + Interest, where Interest is calculated on the post-deposit balance at the applicable annual rate. This is why depositing early in the financial year, rather than close to the deadline, results in a slightly higher maturity value over 21 years.
SSY Interest Rate History
The SSY interest rate is set by the Ministry of Finance and revised every quarter, along with rates for PPF, NSC, and other small savings schemes. As of 2026, the rate stands at approximately 8.2 percent per annum, compounded annually. Because this rate changes quarterly, the calculator above lets you edit the rate field manually so you can re-run projections whenever the government announces a new rate. Always check the latest official rate on the India Post or Ministry of Finance website before making financial decisions.
SSY Eligibility and Rules
- Age limit: The account can be opened for a girl child from birth up to age 10.
- Who can open it: Natural or legal guardians of the girl child.
- Accounts per family: One account per girl child, maximum two accounts per family (three in the case of twins/triplets in certain conditions).
- Minimum deposit: Rs. 250 per financial year.
- Maximum deposit: Rs. 1,50,000 per financial year.
- Deposit tenure: 15 years from the date of account opening.
- Maturity: 21 years from account opening, or on marriage after age 18, whichever is earlier.
- Partial withdrawal: Up to 50 percent of the balance (as of the end of the previous financial year) can be withdrawn once the girl turns 18, or after passing class 10, for higher education or marriage expenses.
- Account transfer: The account can be transferred anywhere in India between post offices and authorized banks free of cost.
Tax Benefits of SSY
Sukanya Samriddhi Yojana enjoys an EEE (Exempt-Exempt-Exempt) tax status, making it one of the most tax-efficient savings instruments available to Indian parents:
- Investment stage: Deposits up to Rs. 1,50,000 per year qualify for deduction under Section 80C of the Income Tax Act.
- Interest stage: Interest earned every year is completely tax-free.
- Maturity stage: The final maturity amount, including principal and accumulated interest, is fully exempt from tax.
SSY vs PPF vs FD
| Feature | SSY | PPF | Bank FD |
|---|---|---|---|
| Approx. Interest Rate | 8.2% | 7.1% | 6.5% – 7.5% |
| Tax Status | EEE | EEE | Taxable interest |
| Eligibility | Girl child under 10 | Any individual | Any individual |
| Tenure | 21 years | 15 years (extendable) | 7 days – 10 years |
| Max Annual Deposit | Rs. 1,50,000 | Rs. 1,50,000 | No upper limit |
| Liquidity | Low (partial after 18) | Low (partial after 7 years) | High (with penalty) |
Worked Example
Suppose you open an SSY account for your 3-year-old daughter and deposit Rs. 5,000 every month (Rs. 60,000 per year) at an assumed rate of 8.2 percent per annum. Over 15 years of deposits, your total investment would be Rs. 9,00,000. With annual compounding continuing through year 21, the account could grow to roughly Rs. 27-28 lakh at maturity, depending on how the rate moves over time – meaning your interest earnings alone could exceed your total contribution. Use the calculator above with your own numbers to get a precise, year-by-year projection.
Common Mistakes to Avoid
- Missing the minimum deposit: Failing to deposit at least Rs. 250 in a financial year makes the account inactive; a small penalty applies to reactivate it.
- Assuming a fixed rate for 21 years: The interest rate changes quarterly – do not plan finances around today’s rate staying constant for two decades.
- Opening the account too late: The account must be opened before the girl turns 10, so delaying reduces the number of years available for tax-free compounding.
- Ignoring the 80C limit overlap: If you already claim Rs. 1,50,000 under Section 80C through EPF, life insurance, or other instruments, additional SSY deposits will not give you extra tax deduction, though the interest and maturity remain tax-free.
- Forgetting partial withdrawal rules: Withdrawals before age 18 (except in specific conditions) are not permitted, so this is not a good instrument for short-term liquidity needs.
FAQs
What is the current SSY interest rate?
The SSY interest rate is approximately 8.2 percent per annum as of 2026, compounded annually. The Government of India revises this rate every quarter, so check the latest official rate before making decisions.
Can I open more than one SSY account for the same girl child?
No, only one SSY account can be opened per girl child. A family can open a maximum of two SSY accounts, one for each of up to two daughters, with an exception allowing a third account in the case of twins or triplets.
What happens if I miss a yearly deposit?
If the minimum deposit of Rs. 250 is not made in a financial year, the account becomes inactive. It can be reactivated by paying the missed deposits along with a small penalty fee per year of default.
Can I withdraw money from SSY before maturity?
Partial withdrawal of up to 50 percent of the balance is allowed once the girl turns 18 or completes class 10, for higher education or marriage expenses. Full withdrawal is only allowed at maturity or on marriage after age 18.
Is the SSY maturity amount taxable?
No. Sukanya Samriddhi Yojana has EEE (Exempt-Exempt-Exempt) tax status, meaning the deposits, the interest earned, and the final maturity amount are all completely tax-free.