Sukanya Samriddhi (SSY) Calculator
Estimate the maturity amount of a Sukanya Samriddhi Yojana account for your daughter.
Min ₹250, max ₹1,50,000 per year. Deposits for 15 years; matures in 21 years.
Current SSY rate: 8.2% p.a. (compounded yearly)
NSI / Min. of Finance · verified 2026-06-30
₹71,82,119
Total deposited
₹22,50,000
Interest earned
₹49,32,119
How the Sukanya Samriddhi (SSY) Calculator works
Reviewed by Dinesh Babu · Last updated July 2026
Sukanya Samriddhi Yojana (SSY) is a government small-savings scheme created specifically for a girl child's future — her education or marriage. It pays 8.2% per annum (FY 2025-26), one of the highest fixed, fully tax-free rates available, and carries full EEE status. This calculator estimates the maturity amount from your yearly deposit and the current rate.
The account can be opened by a parent or guardian for a girl child below the age of 10, and only one account is allowed per girl (a family can open a maximum of two accounts, one for each of two daughters). You deposit for 15 years from opening, but the account continues to earn interest and matures 21 years from the opening date. So a 6-year gap after your last deposit still keeps earning 8.2%.
SSY maturity (equal yearly deposit)
FV = P × [ ((1 + r)ⁿ − 1) / r ] × (1 + r), then compounded further to year 21
P = yearly deposit, r = 0.082 (8.2%), n = 15 deposit years; the balance keeps compounding until the 21-year maturity.
The deposit and eligibility rules
- Open only for a girl child below 10 years of age, by a parent or guardian.
- Minimum ₹250 and maximum ₹1,50,000 per financial year; missing the ₹250 minimum makes the account inactive until revived with a ₹50 penalty per year.
- Deposits are made for 15 years from opening; the account then keeps earning interest until it matures 21 years from opening.
- The ₹1.5 lakh deposit also qualifies for Section 80C deduction.
When you can take the money out
Partial withdrawal of up to 50% of the previous year's balance is allowed once the girl turns 18, to fund higher education. The account can be closed for marriage after she turns 18. Otherwise, the full tax-free maturity is paid 21 years from the opening date. This long, disciplined structure is what makes SSY a powerful goal-based tool for a daughter's future.
| Feature | SSY | PPF |
|---|---|---|
| Interest (FY 25-26) | 8.2% | 7.1% |
| Who it is for | A girl child under 10 | Any resident |
| Deposit period | 15 years | 15 years (extendable) |
| Maturity | 21 years from opening | 15 years from opening |
| Annual limit | ₹250–₹1.5 lakh | ₹500–₹1.5 lakh |
Full ₹1.5 lakh a year
Depositing ₹1,50,000 every year for 15 years at 8.2% and letting it compound to the 21-year maturity gives roughly ₹69–70 lakh, entirely tax-free. Your own contribution is ₹22.5 lakh, so the tax-free interest is around ₹47 lakh.
A modest ₹2,000 a month
₹2,000 a month is ₹24,000 a year. Deposited for 15 years at 8.2% and compounded to maturity, it grows to roughly ₹11 lakh — of which about ₹7.4 lakh is tax-free interest on ₹3.6 lakh of deposits.
Common mistakes to avoid
- Missing the ₹250 minimum in a year, which makes the account inactive until you pay a penalty to revive it.
- Depositing above ₹1.5 lakh a year — the excess earns no interest and no tax benefit.
- Assuming deposits continue for the full 21 years — you only deposit for 15 years; the rest just compounds.
- Trying to open a third account for a family beyond the two-daughter limit.
Frequently asked questions
What is the current SSY interest rate?+
For FY 2025-26 the rate is 8.2% per annum, compounded yearly. It is a small-savings rate reviewed every quarter by the government, so it can change in future quarters, but it has consistently been among the highest fixed tax-free rates.
Who can open an SSY account and for whom?+
A parent or legal guardian can open it for a girl child below the age of 10. Only one account is allowed per girl, and a family can open a maximum of two accounts, one for each of up to two daughters.
How much can I deposit in SSY?+
Between ₹250 and ₹1,50,000 per financial year. Deposits are made for 15 years from the date of opening. Amounts above ₹1.5 lakh in a year do not earn interest or tax benefit.
When does an SSY account mature?+
21 years from the date of opening. You deposit only for the first 15 years; for the remaining years the balance simply keeps earning 8.2% interest until maturity.
Is SSY tax-free?+
Yes — SSY has full EEE status. Deposits qualify for deduction under Section 80C, and both the interest earned and the maturity amount are entirely tax-free. There is no TDS.
Can I withdraw money before maturity?+
Partial withdrawal of up to 50% of the previous year's balance is allowed once the girl turns 18, specifically for higher education. The account can also be closed for her marriage after she turns 18.
What happens if I miss a year's deposit?+
The account becomes inactive if you do not deposit at least the ₹250 minimum. You can revive it by paying a ₹50 penalty for each defaulted year plus the minimum deposit for those years. The balance keeps earning interest meanwhile.
Is SSY better than PPF for my daughter?+
For a girl child, SSY usually wins on rate — 8.2% versus PPF's 7.1%, both tax-free. SSY is more restrictive (girl-specific, 21-year term, withdrawals tied to age 18), while PPF is flexible and open to anyone. Many parents use SSY for the higher rate and PPF for flexibility.