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Sukanya Samriddhi Yojana Calculator

Calculate SSY maturity for your daughter's future

Private
Instant
Estimate
Maturity value₹71,82,119
Total interest₹49,32,119

Inputs

₹1,50,000
in rupees

5 years
in years

8.2%
in percent

Rate for 1 Oct–31 Dec 2026: 8.2%; future quarters may change

Deposit timing
By 5 April

The first financial year is usually partial; if you open mid-year, your first deposit earns interest only from the month it's in by the 5th. Choose 'Late in the year' to approximate.

She'll be 26 when the account matures in 2047. Education withdrawals (up to 50%) can start from 18, in 2039, or earlier once she passes Class 10. Her age doesn't change the maths: the account always runs 21 years from opening.

SSY account matures 21 years from opening. Deposits are allowed for the first 15 years (₹250–₹1,50,000 a year, in multiples of ₹50). Interest and maturity are tax-free; deposits are deductible (Section 123, formerly 80C) only in the old tax regime.

Results

Maturity value
₹71,82,119
Interest and maturity are tax-free
Maturity₹71.82 L
Share of the maturity value
  • Deposited31%
  • Interest69%
Total deposited
₹22,50,000
₹1,50,000 a year for 15 years
Total interest
₹49,32,119
Credited every 31 March at 8.2% a year
Maturity year
2047
21 years from opening; she'll be 26

Balance over time

The SSY balance each year against the total deposited, until maturity at 21 years.

The balance grows to ₹71,82,119 by 2047, on ₹22,50,000 deposited over 15 years.
The balance grows to ₹71,82,119 by 2047, on ₹22,50,000 deposited over 15 years.

Year-wise breakdown

Year-wise breakdown
YearAgeOpening balanceDepositInterestClosing balance
16₹0₹1,50,000₹12,300₹1,62,300
27₹1,62,300₹1,50,000₹25,609₹3,37,909
38₹3,37,909₹1,50,000₹40,008₹5,27,917
49₹5,27,917₹1,50,000₹55,589₹7,33,506
510₹7,33,506₹1,50,000₹72,448₹9,55,954
611₹9,55,954₹1,50,000₹90,688₹11,96,642
712₹11,96,642₹1,50,000₹1,10,425₹14,57,067
813₹14,57,067₹1,50,000₹1,31,779₹17,38,846
914₹17,38,846₹1,50,000₹1,54,886₹20,43,732
1015₹20,43,732₹1,50,000₹1,79,886₹23,73,618
Total₹22,50,000₹49,32,119₹71,82,119

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Assumptions and methodology

Transparent calculation notes for SSY Calculator.

Methodology notes

Formula used

SSY annual deposit and compounding
Closing balance = opening balance + deposit + interest

The calculator projects Sukanya Samriddhi Yojana deposits and interest until maturity.

Methodology

  • Add yearly deposits for the permitted deposit years.
  • Credit the year's interest on the opening balance, and on the deposit for the months it is in: all 12 if it is in by 5 April, 13/24 of a year for 12 monthly deposits by the 5th, none if it is paid after 5 March.
  • Continue projection until maturity year.

Core assumptions

  • Deposits are made in full by 5 April each year (the best case) unless you pick another deposit timing.
  • The same deposit is made in each of the 15 deposit years.
  • Interest rate is held constant even though actual rates can change.
  • The account follows standard SSY maturity rules.

Not included

  • Partial withdrawal rules, missed deposits, government rate changes, and account-specific eligibility are excluded.
  • Actual scheme rules should be verified before investing.

About SSY (Sukanya Samriddhi Yojana) Calculator

Guide

1What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao, Beti Padhao campaign to promote the welfare of the girl child in India. It offers one of the highest interest rates among small savings schemes and comes with EEE (Exempt-Exempt-Exempt) tax benefits.

The account can be opened for a girl child below 10 years of age by a parent or legal guardian. It matures after 21 years from the date of opening or upon the girl's marriage after turning 18.

2Key Features of SSY

  • Interest Rate: Government-set quarterly and among the highest in small savings (8.2% p.a. for 1 Oct–31 Dec 2026)
  • Investment Limit: Minimum ₹250 and maximum ₹1,50,000 per financial year
  • Deposit Period: Deposits for the first 15 years from opening; the account matures at 21 years
  • Tax Benefits: EEE; interest and maturity are tax-free, while deposits qualify under Section 123 (formerly Section 80C) only in the old regime
  • Partial Withdrawal: Up to 50% of the balance allowed after the girl turns 18, for education expenses

3SSY Interest Calculation

SSY interest is calculated monthly on the lowest balance between the 5th and end of each month, similar to PPF:

Monthly Interest = Lowest balance (5th to month-end) × r / 12

Interest is compounded annually and credited at the end of each financial year. After the 15-year deposit period, the balance keeps earning interest until maturity at 21 years.

4How to Use This SSY Calculator

  • Step 1: Enter the annual deposit amount (₹250 to ₹1,50,000)
  • Step 2: Input the current SSY interest rate
  • Step 3: The calculator models 15 years of deposits and maturity at 21 years
  • Step 4: View the year-by-year growth and final maturity amount for your daughter

Frequently Asked Questions

FAQ
How many SSY accounts can I open?
A maximum of two SSY accounts can be opened per family — one for each girl child. In the case of twin girls or triplets, a third account may be permitted with supporting documentation.
What if I cannot deposit the minimum amount in a year?
If the minimum deposit of ₹250 is not made, the account becomes dormant. It can be revived by paying the minimum deposit for each defaulted year plus a penalty of ₹50 per defaulted year.
Can the account be closed early?
Only in these cases: on the girl's death (immediately); on extreme compassionate grounds, such as her life-threatening illness or the guardian's death, but not before 5 years from opening; and for her marriage once she is 18.
What happens when the girl turns 18?
After the girl turns 18, up to 50% of the balance at the end of the preceding financial year can be withdrawn for higher education. The remaining balance continues to earn interest until maturity at 21 years.
Is SSY better than PPF?
SSY currently pays more: 8.2% against 7.1% for PPF (1 Oct–31 Dec 2026), a gap of 1.1 percentage points. SSY is only for a girl child, takes deposits for 15 years and matures at 21; PPF matures at 15 years and can be extended. Both are EEE.