Sukanya Samriddhi Yojana (SSY) Calculator
Calculate your Sukanya Samriddhi Yojana maturity amount · annual/monthly deposit, 8.2% interest rate, 21-year growth, with year-by-year…
Sukanya Samriddhi Yojana (SSY) Calculator
FY 2025-26 · 8.2% p.a. · EEE tax-free scheme for the girl child.
Min ₹250 · Max ₹1,50,000 per year
Account must be opened before age 10
Current FY 2025-26: 8.2%
Year-by-Year Growth
| Year | Girl's Age | Opening Balance | Deposit | Interest | Closing Balance |
|---|
Sukanya Samriddhi Yojana (SSY) Calculator: Empowering the Girl Child
The Sukanya Samriddhi Yojana (SSY) is a dedicated small-savings initiative launched under the Government of India’s Beti Bachao, Beti Padhao campaign. Engineered specifically to build a robust financial foundation for a girl child’s higher education and marriage, SSY combines India’s highest sovereign-guaranteed interest rate with full EEE tax exemption and legal safeguards.
Maturity Wealth Projection: Annual ₹1,50,000 Deposit at 8.2% Rate
The table below details the account trajectory when depositing ₹1,50,000 annually for 15 years from the birth of a girl child, followed by 6 years of pure compounding until 21-year maturity.
| Account Timeline | Annual Contribution | Cumulative Principal Deposited | Accumulated Balance (at 8.2%) | Milestone Notes |
|---|---|---|---|---|
| Year 1 | ₹1,50,000 | ₹1,50,000 | ₹1,62,300 | Initial account opening. |
| Year 5 | ₹1,50,000 | ₹7,50,000 | ₹9,96,000 | Strong compounding momentum starts. |
| Year 10 | ₹1,50,000 | ₹15,00,000 | ₹24,80,000 | Interest surpasses 40% of balance. |
| Year 15 (Final Deposit) | ₹1,50,000 | ₹22,50,000 | ₹46,80,000 | Mandatory deposit period concludes. |
| Year 18 (College Age) | ₹0 (No deposit) | ₹22,50,000 | ₹59,25,000 | Up to 50% partial withdrawal allowed. |
| Year 21 (Maturity) | ₹0 (No deposit) | ₹22,50,000 | ₹71,82,000 | Full tax-free corpus disbursed to child. |
Essential Operational Rules & Best Practices
- Deposit on or Before April 5th Annually: Similar to PPF, depositing your annual allocation between April 1 and April 5 ensures that your funds earn sovereign interest for all 12 calendar months of that financial year, maximizing the compounding effect over the 15-year deposit horizon.
- Keep the Account Active with Minimum ₹250 Deposit: If the mandatory minimum deposit of ₹250 is not credited in any given financial year, the account is classified as defaulted. A defaulted account can be regularized before 15 years by paying a nominal penalty fee of ₹50 per defaulted year along with the minimum deposit.
- Manage the 50% Higher Education Withdrawal: When the girl child reaches 18 years of age or passes Class 10, up to 50% of the balance at the end of the preceding financial year can be withdrawn to pay confirmed college admission and tuition fees. The withdrawal can be taken in a single lump sum or in five equal annual installments.
- Absolute Ownership Passes to the Daughter: Once the girl child attains 18 years of age, she becomes the primary operator of the account upon submitting updated KYC documents to the post office or bank branch. All maturity proceeds are paid directly to her bank account, guaranteeing her financial sovereignty.
How to Use This Calculator
Formula:
Maturity Corpus = Cumulative Deposits + Compounded Annual Interest | Annual Compounding at 8.2% Sovereign Rate | 15 Years Mandatory Deposit Tenure, 21 Years Final Account Maturity
- Enter your planned annual or monthly deposit amount (statutory minimum ₹250, statutory maximum ₹1,50,000 per financial year).
- Input the current age of your girl child (the account can be opened from birth up to the age of 10 years).
- Verify the active Sukanya Samriddhi Account interest rate (currently 8.2% per annum, backed by the Government of India and reviewed quarterly).
- Review the automated timeline: mandatory annual deposits for 15 years, followed by 6 years of interest accumulation with zero required deposits until 21 years from account opening.
- Analyze the total capital deposited, sovereign compound interest accumulated, final tax-free corpus, and allowable partial withdrawal limits for college education at age 18.
Frequently Asked Questions
The Government of India currently offers an attractive interest rate of 8.2% per annum on Sukanya Samriddhi Yojana accounts. This interest is compounded annually and is notably higher than standard Public Provident Fund (PPF at 7.1%) and 5-year bank fixed deposits, making SSY the highest-yielding sovereign small-savings scheme in India.
Under SSY rules, deposits are required to be made for a total of 15 years from the date of account opening. After the 15th year, no further deposits are accepted or required; however, the accumulated balance continues to earn the full prevailing sovereign interest rate for the remaining 6 years until the account reaches full maturity at 21 years from the date of opening.
Yes, partial withdrawals are permitted exclusively for the girl child's higher education once she attains the age of 18 years or completes Class 10. The allowable withdrawal amount is capped at 50% of the account balance standing to her credit at the end of the preceding financial year. Full closure is also permitted if the girl child marries after reaching 18 years of age.
Yes. SSY enjoys full EEE (Exempt-Exempt-Exempt) tax status under the Indian Income Tax Act. Annual deposits qualify for deduction under Section 80C up to ₹1,50,000 per financial year. The annual accrued interest is 100% tax-free under Section 10(11A), and the final lump-sum maturity amount received by the girl child is completely exempt from income tax and capital gains tax.
A natural or legal guardian can open only one SSY account per girl child, and a maximum of two accounts per family for two girl children. An exception permitting a third account is allowed only in the case of the birth of twin girl children in the second delivery or if the first delivery results in triplet girls.
Depositing the maximum permissible limit of ₹1,50,000 every year for 15 years (total principal deposited = ₹22,50,000) at an 8.2% interest rate generates approximately ₹46,77,000 in compound interest over the 21-year timeline, resulting in a final 100% tax-free maturity payout of approximately ₹69,27,000 to ₹71,80,000 (depending on exact deposit timing each April).