Sukanya Samriddhi Yojana Calculator – SSY Maturity & Tax Benefits

Plan your daughter's future with SSY—India's highest interest rate girl child scheme. Calculate tax-free maturity, interest earned, and year-wise growth with Section 80C benefits.

Government-Backed
Tax-Free Returns
Year-wise Schedule
Maturity Value (21 Years)
₹0

Balance Growth

Year-wise balance growth showing deposits, interest accumulation, and maturity at year 21.

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Calculate SSY Maturity

Enter your yearly deposit amount and current interest rate. SSY has a 21-year maturity period with highest interest rate among government schemes and full tax exemption (EEE).

₹50K
SSY allows a minimum deposit of ₹250 per year and maximum of ₹1.5 lakh per year. Deposits are accepted for 15 years from account opening.
8.20%
SSY interest rate is declared quarterly by the Government of India. Current rate (as of Q4 2025-26) is typically 8.0-8.2% compounded annually. Interest is fully tax-free.
5Y
SSY account can be opened for a girl child from birth till she turns 10 years old. This affects when the account matures (21 years from opening).
SSY requires deposits for 15 years from account opening. After 15 years, no further deposits are needed but the account continues to earn interest till year 21 (maturity).
Total Investment
₹0
Total Interest
₹0

Tax Benefits (Section 80C)

Investment Deduction: Up to ₹1.5L per year under Section 80C
Interest Exemption: Interest earned is 100% tax-free
Maturity Exemption: Maturity amount is completely tax-free (EEE status)
Highest Rate: SSY offers highest interest rate among all government-backed small savings schemes
Year-wise Balance Breakdown (21 Years)
Maturity Value at Year 21
₹0
Total Investment (15 years) ₹0
Total Interest Earned ₹0
Annual Interest Rate 0.00%
Girl's Age at Maturity 0 years
Tax Saved (30% bracket) ₹0

Smart Tips

Open SSY account as early as possible to maximize compounding benefits over 21 years.
Maximize annual deposit up to ₹1.5L to get full Section 80C tax deduction benefit.
SSY offers the highest interest rate among all government small savings schemes—currently 8.0-8.2% p.a.
Interest is compounded annually and credited to the account, creating exponential growth.
After 15 years, you don't need to deposit but the account continues earning interest till year 21.
Premature withdrawal allowed after girl turns 18 for education or marriage purposes (50% of balance).

SSY Balance Growth

21-year growth trajectory showing deposits for 15 years and interest-only growth from year 16-21.

How to Use Sukanya Samriddhi Yojana Calculator?

1

Select Currency

Choose INR (default for India), USD, or GBP from the header menu for currency display preference.

2

Enter Annual Deposit

Input your planned yearly deposit amount (₹250 minimum to ₹1.5 lakh maximum as per SSY rules).

3

Set Interest Rate & Age

Enter current SSY interest rate (updated quarterly by government) and your daughter's current age (0-10 years).

4

Analyze Results

View maturity value at year 21, total interest earned, tax savings, and complete year-wise breakdown with growth chart.

Understanding Sukanya Samriddhi Yojana

What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the "Beti Bachao, Beti Padhao" campaign. It is designed exclusively for the girl child and offers the highest interest rate among all government small savings schemes. The scheme provides complete tax exemption (EEE status) on investment, interest, and maturity amount, making it one of the most attractive long-term investment options for securing a daughter's future education and marriage expenses.

How is SSY Maturity Calculated?

SSY follows annual compounding where interest is calculated on the year-end balance and added to the principal. Deposits are made for 15 years from account opening, after which the account continues to earn interest without further deposits until maturity at year 21.

Core Formula

For each year with deposit: Balanceyear = (Balanceprev + Annual Deposit) × (1 + Interest Rate)
For years 16-21 (no deposits): Balanceyear = Balanceprev × (1 + Interest Rate)
Where Interest Rate is the annual rate declared by the government (compounded annually).

Key Features of SSY

Factors Affecting SSY Maturity Value

Benefits & Uses of Sukanya Samriddhi Yojana

Government-Backed Security

100% government-backed scheme with sovereign guarantee. Zero risk of default or capital loss, making it the safest investment for girl child.

Highest Interest Rate

Offers the highest interest rate among all government small savings schemes (currently 8.0-8.2% p.a.), beating PPF, NSC, and other fixed-income options.

Triple Tax Exemption (EEE)

Investment qualifies for Section 80C deduction (up to ₹1.5L), interest earned is tax-free, and maturity amount is completely tax-exempt.

Education & Marriage Corpus

Perfect for building substantial corpus for daughter's higher education or marriage expenses. Premature withdrawal (50%) allowed after age 18 for these purposes.

Powerful Compounding

21-year investment horizon with annual compounding creates exponential wealth growth. Years 16-21 provide pure interest-on-interest returns without new deposits.

Financial Empowerment

Dedicated savings scheme promoting financial security and independence for girl children, supporting gender equality and women's empowerment goals.

Who Should Use SSY?

SSY vs Other Investment Options

Feature SSY PPF FD
Interest Rate 8.0-8.2% (Highest) 7.1% 6.5-7.5%
Tax on Interest Tax-Free (EEE) Tax-Free Taxable
Tax on Maturity Tax-Free Tax-Free Taxable
Lock-in Period 21 years 15 years 1-10 years
Section 80C ✓ Yes ✓ Yes ✓ Only Tax Saver FD
Risk Level Zero (Govt-backed) Zero (Govt-backed) Very Low (DICGC insured)

Frequently Asked Questions About SSY

What is the current Sukanya Samriddhi Yojana interest rate?
The SSY interest rate is declared quarterly by the Government of India. As of Q4 FY 2025-26, the rate is typically around 8.0-8.2% per annum, compounded annually. This is the highest among all government small savings schemes. Check the latest rate on the India Post or Ministry of Finance website before making calculations.
Can I open SSY account for a girl child above 10 years?
No. SSY account can only be opened for a girl child from birth until she completes 10 years of age. After 10 years, the account cannot be opened. It is recommended to open the account as early as possible to maximize the compounding benefit over 21 years.
What happens if I miss a year's deposit in SSY?
If you miss making the minimum deposit of ₹250 in any financial year, the account becomes "inactive" or "default". However, it continues to earn interest at the applicable rate on the existing balance. You can reactivate the account by paying a penalty of ₹50 per default year along with the minimum deposit for those years. It is advisable to maintain regular deposits to avoid penalties.
How are SSY withdrawals handled for education and marriage?
Premature withdrawal is allowed after the girl child turns 18 years old for the purpose of higher education or marriage. You can withdraw up to 50% of the balance at the end of the preceding financial year. For marriage, withdrawal can be made once the girl turns 18, and if marriage happens before 21 years, the account can be closed prematurely. Proper documentation and withdrawal forms need to be submitted.
Is SSY better than PPF for girl child savings?
Yes, for girl child savings, SSY is generally better than PPF because: (1) SSY offers a higher interest rate (8.0-8.2% vs 7.1% for PPF), (2) Both have EEE tax status but SSY's higher rate creates significantly more wealth over 21 years, (3) SSY is specifically designed for girl child welfare with features like education withdrawal. However, PPF is more flexible for general family savings. For a daughter's future, SSY is the optimal choice.
Can NRIs open Sukanya Samriddhi Yojana account?
SSY account can be opened by a resident Indian parent/guardian for a resident girl child. If the account holder (girl child) or guardian becomes an NRI after account opening, the account can continue till maturity but no further deposits are allowed from the date of becoming NRI. NRIs cannot open new SSY accounts. The scheme is specifically for resident Indian citizens.
How many SSY accounts can be opened for one family?
A maximum of 2 SSY accounts can be opened per family—one for each girl child. If there are twins or triplets born in the first birth, then three accounts can be opened (with supporting medical certificate). Each account can receive up to ₹1.5 lakh deposit per year, and each account qualifies for separate Section 80C deduction, allowing total ₹3 lakh tax deduction for 2 girl children.
What is the difference between SSY maturity and account closure?
SSY account matures after 21 years from the date of account opening. At maturity, the full balance (principal + interest) can be withdrawn, and the account is automatically closed. However, premature account closure is also possible: (1) On girl's marriage after 18 years of age, (2) In case of girl child's death (with death certificate), (3) On compassionate grounds (extreme medical emergency, subject to approval). Premature closure before these conditions results in lower interest rate (as applicable to savings account).

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Trust & Important Notes

Privacy Protected

All calculations are performed locally in your browser. No data is stored or transmitted.

Accurate Formula

Based on official SSY compounding rules with annual interest calculation.

Government Rules

Calculation follows Sukanya Samriddhi Yojana scheme guidelines as per Ministry of Finance.

Regular Updates

Interest rates and rules updated quarterly based on government notifications.

Disclaimer: This Sukanya Samriddhi Yojana calculator provides estimates based on the interest rate you input and assumes regular annual deposits for the chosen deposit period (typically 15 years). Actual maturity value depends on: (1) Government-declared interest rates which are revised quarterly and may change during the 21-year tenure, (2) Timely deposits—missed deposits attract penalties and may affect compounding, (3) Any premature withdrawals for education/marriage which reduce the final corpus, (4) Account closure conditions and rules at the time of maturity. This tool is for planning purposes only and does not constitute financial, tax, or legal advice. Always verify current SSY rules, interest rates, and tax benefits from official sources (India Post, Ministry of Finance, or authorized banks) before making investment decisions. Past interest rates do not guarantee future rates.