Government Scheme
Sukanya Samriddhi Yojana Calculator
Estimate maturity value of your SSY account. See how much your daughter's education and marriage corpus will grow with the current 8.2% government-backed interest rate.
SSY Details
SSY can be opened for girls below age 10
Current government rate: 8.2% p.a.
Maturity Value
Total Deposited
Interest Earned
Wealth Multiplier
SSY Growth Over Time
Year-by-Year SSY Breakdown
| Year | Age | Deposit | Interest | Balance |
|---|
SSY interest is compounded annually on the closing balance. Deposits are allowed for the first 15 years only; the account continues to earn interest until maturity at age 21. Calculations assume deposits are made at the start of each year.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched in 2015 under the Beti Bachao, Beti Padhao campaign. It is designed to build a financial corpus for the girl child's education and marriage. An SSY account can be opened by a parent or legal guardian at any India Post office or authorised bank for a girl child below the age of 10.
The scheme offers one of the highest interest rates among government-backed instruments, currently at 8.2% p.a. (Q1 FY 2025-26), higher than PPF (7.1%) and most bank fixed deposits. A maximum of two SSY accounts can be opened per family (one per girl child), with a minimum annual deposit of ₹250 and a maximum of ₹1,50,000.
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status: contributions qualify for deduction under Section 80C, interest earned is tax-free, and the maturity amount is fully exempt from income tax. The account matures when the girl turns 21, making it ideal for long-term wealth creation.
How to Use This SSY Calculator
- 1
Enter your annual deposit amount
Set the amount you plan to deposit each year. The minimum is ₹250 and the maximum is ₹1,50,000 per financial year. Deposits are required for the first 15 years only.
- 2
Enter your daughter's current age
SSY accounts can be opened for girls below the age of 10. The account matures when the girl turns 21, so younger girls have a longer maturity period and earn more interest.
- 3
Review the interest rate
The default 8.2% is the current government-notified rate. You can adjust it to model different scenarios. The rate is revised quarterly by the Ministry of Finance.
- 4
View your maturity value and year-by-year growth
The calculator shows the total corpus at age 21, interest earned, wealth multiplier, and a detailed year-by-year breakdown. You can also see the partial withdrawal amount available at age 18.
SSY Key Features
Highest Interest Rate
SSY offers 8.2% p.a. — higher than PPF (7.1%), bank FDs (6-7%), and most other government-backed savings schemes. Interest is compounded annually, maximising your returns over the 21-year tenure.
EEE Tax Benefit
Triple tax exemption: deposits up to ₹1.5 lakh qualify under Section 80C, interest earned is tax-free, and the maturity amount is completely exempt from income tax. One of the best tax-saving instruments available.
Partial Withdrawal at 18
When the girl turns 18, up to 50% of the balance at the end of the preceding financial year can be withdrawn for higher education expenses. This provides liquidity exactly when needed for college fees.
Government-Backed Safety
SSY is a sovereign-backed scheme with zero credit risk. Your principal and interest are guaranteed by the Government of India, making it one of the safest long-term savings options for your daughter's future.
SSY Rules & Eligibility
- Eligibility: Account can be opened by a parent or legal guardian for a girl child below the age of 10. Maximum 2 accounts per family (one per girl child), with an exception for twins/triplets born as the second birth.
- Where to Open: Any India Post office or authorised banks (SBI, PNB, BOB, ICICI, Axis, HDFC, etc.). The account can be transferred between post offices and banks across India free of charge.
- Deposit Rules: Minimum ₹250/year, maximum ₹1,50,000/year. Deposits can be made in lump sum or instalments. If the minimum ₹250 is not deposited in a year, a penalty of ₹50 per year of default is charged to reactivate the account.
- Premature Closure: Allowed only after the girl turns 18 (for marriage, at least 6 months before the wedding), or in case of the account holder's death or life-threatening illness. The account cannot be closed for any other reason before maturity.
- Maturity: The account matures 21 years from the date of opening. If the account is not closed on maturity, the balance continues to earn the prevailing SSY interest rate until closure.
Source: Income Tax Act Section 80C
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