Calculate your Sukanya Samriddhi Yojana returns instantly. Enter your yearly investment, daughter's age, and start year to see how much the SSY account will grow over 21 years with 8.2% annual compounding.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 under the "Beti Bachao, Beti Padhao" campaign. It is specifically designed to secure the financial future of the girl child in India. The scheme encourages parents to build a fund for the education and marriage expenses of their daughters.
SSY offers one of the highest interest rates among government small savings schemes, currently at 8.2% per annum compounded annually. The account matures 21 years after opening or upon the marriage of the girl after she turns 18, whichever is earlier. Deposits are required only for the first 15 years, after which the account continues to earn interest until maturity.
The scheme is available at all post offices and authorized banks across India. It offers triple tax benefits (EEE status) — the investment, interest earned, and maturity amount are all exempt from income tax.
How Does the SSY Calculator Work?
The Sukanya Samriddhi Yojana calculator estimates the maturity amount based on your yearly deposit, your daughter's age, and the current interest rate. It considers:
Yearly Investment (R) — The annual amount you deposit (minimum ₹250, maximum ₹1,50,000)
Girl's Age — The age of your daughter at the time of account opening (0 to 10 years)
Start Year — The year you open the SSY account
Interest Rate — Currently fixed at 8.2% p.a. compounded annually
The calculator computes deposits for the first 15 years and then compounds the accumulated amount for the remaining years until the account matures at 21 years from the opening date.
SSY Maturity Calculation Formula
The SSY maturity amount is calculated by compounding each year's deposit until the maturity date:
Maturity = ∑ R × (1 + r)(21 - k) for k = 1 to 15
Where:
R = Yearly deposit amount
r = Annual interest rate (8.2% = 0.082)
k = Year of deposit (1 to 15)
21 = Total maturity period in years
Each year's deposit earns compound interest from the year it is deposited until the account matures. Deposits made in year 1 compound for 20 years, year 2 for 19 years, and so on. After year 15, no more deposits are made, but the corpus continues to compound for the remaining 6 years.
Example Calculation
If you invest ₹1,00,000 per year for a 5-year-old girl starting in 2026:
Total deposits over 15 years = ₹15,00,000
Interest rate = 8.2% p.a.
Account matures in 2047 (21 years from 2026)
Approximate maturity amount = ₹54,62,000
Total interest earned = ₹39,62,000 (approximately)
Eligibility & Rules for Sukanya Samriddhi Yojana
Here are the key eligibility criteria and rules for opening an SSY account:
Who can open: A parent or legal guardian can open the account in the name of a girl child
Age limit: The girl child must be below 10 years of age at the time of account opening
Number of accounts: Maximum 2 SSY accounts (one per girl child) per family. A third account is allowed in case of twins/triplets
Minimum deposit: ₹250 per financial year
Maximum deposit: ₹1,50,000 per financial year
Deposit period: Deposits must be made for the first 15 years from account opening
Maturity: 21 years from the date of account opening, or upon marriage after age 18
Account transfer: The account can be transferred from one post office/bank to another anywhere in India
SSY Tax Benefits
Sukanya Samriddhi Yojana enjoys the coveted EEE (Exempt-Exempt-Exempt) tax status, making it one of the most tax-efficient investment options:
Exempt at Investment: Deposits up to ₹1,50,000 per year qualify for deduction under Section 80C of the Income Tax Act
Exempt on Interest: The interest earned annually is completely tax-free
Exempt at Maturity: The entire maturity amount (principal + interest) is tax-free
This triple exemption benefit makes SSY superior to most other tax-saving instruments. For comparison, FD interest is fully taxable, and NSC's final year interest is taxable. Only PPF and SSY enjoy complete EEE status among government savings schemes.
Withdrawal & Premature Closure Rules
Understanding the withdrawal and closure rules is important for planning:
Partial withdrawal: Up to 50% of the balance can be withdrawn after the girl turns 18 for higher education purposes
Marriage closure: The account can be closed after the girl turns 18 for marriage. A declaration and age proof must be submitted
Premature closure: Allowed in case of extreme compassionate grounds such as life-threatening illness or death of the account holder. Interest is paid at the Post Office Savings Account rate in such cases
Default penalty: If the minimum deposit of ₹250 is not made in a year, a penalty of ₹50 per year of default is charged to reactivate the account
SSY Interest Rate History
The government revises SSY interest rates quarterly. Here is a summary of recent rates:
Q1 FY 2026-27 (Apr-Jun 2026): 8.2% p.a.
FY 2025-26: 8.2% p.a.
FY 2024-25: 8.2% p.a.
FY 2023-24 (H2): 8.2% p.a.
FY 2023-24 (H1): 8.0% p.a.
FY 2022-23: 7.6% p.a.
FY 2020-21: 7.6% p.a.
FY 2018-19: 8.5% p.a.
SSY consistently offers one of the highest rates among government small savings schemes, reflecting the government's commitment to promoting the girl child's financial security.
Secure your daughter's future with smart investing — While SSY offers excellent government-backed returns, you can also diversify with high-interest FDs up to 8.30% on Y1 Money. Book an FD in under 2 minutes with our RBI-regulated partner banks. All deposits insured up to ₹5 lakh by DICGC.
Frequently Asked Questions
The current SSY interest rate for 2026 is 8.2% per annum, compounded annually. This rate is reviewed and declared by the government every quarter. SSY offers one of the highest interest rates among all government small savings schemes.
The girl child must be below 10 years of age at the time of opening the Sukanya Samriddhi account. A grace period of one year from the launch of the scheme was initially allowed, but now the age limit is strictly enforced at below 10 years.
Yes, a parent or guardian can open a maximum of 2 SSY accounts — one for each girl child. In case of twin girls born in the second birth (or triplets), a third account may be opened with proof of birth certificate. Only one account per girl child is permitted.
If you fail to deposit the minimum ₹250 in a financial year, the account is treated as "defaulted." To reactivate it, you need to pay the minimum deposit for the default year(s) plus a penalty of ₹50 per year of default. The account continues to earn interest even during the default period.
No, the SSY maturity amount is completely tax-free. Sukanya Samriddhi Yojana enjoys EEE (Exempt-Exempt-Exempt) status. This means the investment qualifies for 80C deduction, the interest earned is tax-free, and the maturity amount is also entirely exempt from income tax.
Yes, partial withdrawal of up to 50% of the balance at the end of the preceding financial year is allowed once the girl turns 18 years old. This withdrawal can be used for higher education expenses. You need to submit proof of admission to an educational institution along with the withdrawal application.
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