SSY Calculator
Project a Sukanya Samriddhi Yojana account's maturity value.
- Invested
- Value
- Invested
- ₹22.50L
- Interest earned
- ₹49.32L
Deposits are made for 15 years from account opening; the balance then compounds untouched until maturity at 21 years, both fixed by law. The yearly deposit is capped at the ₹1.5 lakh statutory limit. SSY's official rate is revised quarterly by the government — verify before relying on this.
Independent · No commissions · No fund-house data — how the numbers are computed
How it works
Sukanya Samriddhi Yojana (SSY) is a government small-savings scheme for the girl child. A parent or legal guardian opens the account before the girl turns 10, deposits between ₹250 and ₹1.5 lakh per financial year for 15 years from opening, and the account matures 21 years from opening — both durations fixed by law. Interest compounds annually at a government-notified rate.
This calculator projects the maturity value: deposits compound for the 15 deposit years, then the balance keeps compounding untouched for the remaining years to maturity. It defaults to 8.2% — the notified SSY rate as of the Apr–Jun 2026 quarter — and the rate is editable, because the government revises small-savings rates every quarter.
SSY is one of the few EEE instruments in India: deposits qualify for Section 80C, and both the interest and the maturity amount are tax-free. The trade-off is the long lock-in — the money is meant for the girl's education and marriage, and access before maturity is tightly restricted.
M = A × [(1+r)^15 − 1]/r × (1+r) × (1+r)^6A is the yearly deposit (made at the start of each year), r the annual rate as a decimal. The first part is the value after 15 deposit years; the (1+r)^6 factor compounds that balance over the remaining 6 years to the 21-year maturity.
Frequently asked questions
Who is eligible for Sukanya Samriddhi Yojana?
An SSY account can be opened by a parent or legal guardian in the name of a girl child before she turns 10. A family may open at most two accounts (one per daughter), with an exception for twins or triplets. The account is opened at a post office or an authorised bank branch, and the girl operates it herself once she turns 18.
Is SSY interest taxable?
No. SSY has exempt-exempt-exempt (EEE) tax status: deposits qualify for deduction under Section 80C up to the ₹1.5 lakh limit, the interest earned is tax-free, and the maturity amount is tax-free as well. This is the same tax treatment PPF enjoys, and it is one of SSY's biggest advantages over taxable deposits like FDs.
What is the current SSY interest rate?
The government notifies the SSY rate every quarter along with other small-savings rates. As of the Apr–Jun 2026 quarter the notified rate was 8.2% per year, compounded annually — the default this calculator uses, with the rate editable. SSY has historically carried the highest rate among small-savings schemes.
When does an SSY account mature?
The account matures 21 years from the date of opening — not when the girl turns 21. Deposits are required only for the first 15 years; for the remaining years the balance keeps earning interest with no further deposits. The account can also be closed early for the girl's marriage after she turns 18.
Can money be withdrawn from SSY before maturity?
Partially, yes. After the girl turns 18 or passes the 10th standard, up to 50% of the balance at the end of the preceding financial year can be withdrawn for her higher education. Full premature closure is allowed for her marriage after 18, and in hardship cases such as the account holder's death.
What are the minimum and maximum SSY deposits?
The minimum is ₹250 per financial year and the maximum is ₹1.5 lakh per financial year across all deposits — the cap this calculator enforces. If the minimum is not deposited in a year the account is marked in default, and it can be regularised by paying a ₹50 penalty per defaulted year along with the arrears.
Go further
The other EEE small-savings account — same ₹1.5 lakh cap, open to anyone.
Where SSY fits alongside mutual funds in an education plan.
Why 21 years of annual compounding does most of the work here.
Compare the same yearly outlay invested monthly in mutual funds.
What a lock-in means and how SSY's compares to ELSS or PPF.