Sukanya Samriddhi Yojana (SSY) Calculator
Estimate the Sukanya Samriddhi Yojana maturity corpus for your daughter's future education and marriage.
Educational Purpose Only: This calculator provides estimates for informational purposes. SSY interest rates are set by the government and may change quarterly.
Min: ₹250 / Max: ₹1,50,000 per year
Key Rules
- Account matures at age 21
- Deposits made for first 15 years only
- Interest compounded annually
How it works
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child in India. The account matures when the girl turns 21, but deposits can only be made for the first 15 years from account opening. After the 15th year, the balance continues to earn interest until maturity at age 21 — with no further deposits. The calculator iterates year by year, adding the annual deposit and compounding interest for each of the 15 deposit years, then continuing to compound for the remaining years until maturity.
Key features of SSY
Tax Benefits
Contributions qualify for Section 80C deduction up to ₹1.5 lakh. Interest earned and the maturity amount are fully tax-exempt (EEE category).
Deposit Limits
Minimum ₹250 and maximum ₹1,50,000 per year. Deposits must be made each year for 15 years; failing to deposit requires a penalty to regularise the account.
Maturity & Withdrawal
The account matures when the girl turns 21. Partial withdrawal of up to 50% is allowed once the girl turns 18 for higher education expenses.
Eligibility
An SSY account can be opened for a girl child below 10 years of age. A family can have a maximum of two SSY accounts (one per girl child, with exception for twins).
This calculator is for educational purposes only. SSY interest rates are announced by the Government of India quarterly and may change. Always check the current rate with your bank or post office before making a deposit decision.