Updated June 2026

SSY Calculator

Deposit for 15 years, earn interest for 21 — see how much your daughter's Sukanya Samriddhi account will be worth at maturity, and what that buys in today's money.

₹
yrs
%

Key Rules: Deposit for 15 years, matures in 21 years from opening. Min ₹250/year, Max ₹1.5L/year. Account can be opened for girl child aged 0-10.

Total Deposited
Interest Earned
Maturity Amount (Girl's Age 22)

₹71.82 L

Total Deposited (15 yrs)

₹22.50 L

Interest Earned

₹49.32 L

Wealth Multiplier

3.19×

SSY Account Growth

₹0₹19.8L₹39.5L₹59.3L₹79.0L1Y6Y11Y16Y21Y
SSY Balance
Deposited

Year-wise Breakdown

21 years
YearGirl's AgeDepositInterestBalance
12₹1,50,000₹12,300₹1,62,300
23₹1,50,000₹25,609₹3,37,909
34₹1,50,000₹40,009₹5,27,917
45₹1,50,000₹55,589₹7,33,506
56₹1,50,000₹72,448₹9,55,954
67₹1,50,000₹90,688₹11,96,642
78₹1,50,000₹1,10,425₹14,57,067
89₹1,50,000₹1,31,779₹17,38,846
910₹1,50,000₹1,54,885₹20,43,732
1011₹1,50,000₹1,79,886₹23,73,618
1112₹1,50,000₹2,06,937₹27,30,554
1213₹1,50,000₹2,36,205₹31,16,760
1314₹1,50,000₹2,67,874₹35,34,634
1415₹1,50,000₹3,02,140₹39,86,774
1516₹1,50,000₹3,39,215₹44,75,989
1617₹0₹3,67,031₹48,43,020
1718₹0₹3,97,128₹52,40,148
1819₹0₹4,29,692₹56,69,840
1920₹0₹4,64,927₹61,34,767
2021₹0₹5,03,051₹66,37,818
2122₹0₹5,44,301₹71,82,119

How Sukanya Samriddhi Yojana Works

SSY is a dedicated savings scheme for the girl child, offering one of the highest fixed-income returns in India at 8.2% p.a. The key feature is its unique deposit-maturity structure: you deposit for the first 15 years, but the account continues earning interest for 6 more years (total 21 years until maturity).

SSY Account Rules

  • Eligibility: Girl child aged 0 to 10 years at account opening
  • Deposit period: First 15 years from opening
  • Maturity: 21 years from opening (or girl's marriage after 18)
  • Min deposit: ₹250/year
  • Max deposit: ₹1,50,000/year
  • Compounding: Annual, interest credited yearly

Why SSY is Powerful: The "Free Interest" Years

The magic of SSY lies in years 16-21. After you stop depositing, the accumulated corpus continues growing at 8.2%. If you deposited ₹1.5 lakh/year for 15 years (₹22.5 lakh total), by year 15 your balance is around ₹47 lakh. In the next 6 years of "free" compounding, this grows to roughly ₹73 lakh — an additional ₹26 lakh earned without any deposits.

SSY Tax Benefits (EEE Status)

SSY enjoys the complete EEE (Exempt-Exempt-Exempt) tax treatment:

  1. Deposit: Qualifies for Section 80C deduction up to ₹1.5 lakh/year
  2. Interest: Completely tax-free every year
  3. Maturity: Entire withdrawal amount is tax-free

This EEE status puts SSY on par with PPF and EPF — making it one of only three instruments where your returns are never taxed at any stage.

SSY vs Other Options for Girl Child

  • SSY vs PPF: SSY gives 8.2% vs PPF's 7.1%. But PPF allows withdrawal after 6 years; SSY locks in for 21 years.
  • SSY vs FD: SSY is tax-free; FD interest is taxable. A 8.2% SSY beats a 7% FD by a wide margin after tax.
  • SSY vs Equity SIP: SIP has higher potential returns (12%+) but with market risk. SSY is guaranteed. Best approach: do both.

How to Use This Calculator

  1. Enter the annual deposit you plan to make (max ₹1.5 lakh)
  2. Enter the girl's current age (0-10 years)
  3. The interest rate is pre-filled at 8.2% — adjust if you want to model different scenarios
  4. Toggle inflation to see what the maturity amount is worth in today's terms

Frequently Asked Questions

What is Sukanya Samriddhi Yojana?
SSY is a government savings scheme for the girl child, launched under Beti Bachao Beti Padhao. A parent or guardian can open the account for a girl aged 0-10 years. It offers one of the highest interest rates among government schemes (currently 8.2%) with full EEE tax benefit.
What is the current SSY interest rate?
The SSY interest rate is 8.2% per annum, compounded annually (unchanged since January 2024). The rate is revised quarterly by the government. Over the past few years, it has ranged between 7.6% to 8.4%.
What are the deposit limits in SSY?
Minimum deposit is ₹250 per year (reduced from ₹1,000 in 2019). Maximum deposit is ₹1.5 lakh per year. You can deposit in lump sum or multiple installments. If you miss the minimum, a penalty of ₹50 per year is charged.
When does an SSY account mature?
The account matures 21 years from the date of opening. Deposits are required only for the first 15 years. For years 16-21, no deposits are needed but the balance continues earning interest.
Can I withdraw early from SSY?
Partial withdrawal (up to 50% of balance) is allowed after the girl turns 18, for higher education or marriage. Premature closure is allowed after age 18 for marriage. In case of life-threatening illness of the account holder, early closure is permitted.
What are the tax benefits of SSY?
SSY has EEE (Exempt-Exempt-Exempt) status: deposits qualify for 80C deduction (up to ₹1.5 lakh), interest earned is tax-free, and the maturity amount is completely tax-free. This makes it one of the best tax-saving instruments.
How many SSY accounts can I open?
A maximum of two SSY accounts can be opened — one per girl child, up to two daughters. In case of twin girls as the second birth, a third account is allowed. Only one account per girl is permitted.
Where can I open an SSY account?
SSY accounts can be opened at any post office or authorized commercial banks (SBI, PNB, ICICI, HDFC, Axis, etc.). You need the girl's birth certificate, parent/guardian ID proof, address proof, and passport-size photos.

Related Calculators

PPF Calculator

Another EEE tax-free instrument

 RD Calculator

Recurring deposit for regular savings

 SIP Calculator

Equity SIP for higher growth alongside SSY