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).
Frequently Asked Questions
What is the current SSY interest rate?
The current Sukanya Samriddhi Yojana interest rate is 8.2% per annum, compounded annually. This rate is set by the Government of India and reviewed quarterly.
When can I withdraw from SSY?
Partial withdrawal of up to 50% of the balance is allowed once the girl turns 18, for higher education expenses. Full withdrawal (maturity) happens when the girl turns 21. The account can also be closed prematurely on marriage of the girl after she turns 18.
What are the tax benefits of SSY?
SSY has EEE (Exempt-Exempt-Exempt) tax status: (1) Contributions up to ₹1.5 lakh qualify for deduction under Section 80C, (2) Interest earned is completely tax-free, and (3) The maturity amount is fully tax-exempt.
What happens if I miss a deposit in SSY?
If you miss the minimum annual deposit of ₹250, the account becomes irregular. To regularise it, you must pay a penalty of ₹50 per default year along with the minimum deposit amount for those years.
Can I open more than one SSY account?
A family can open a maximum of two SSY accounts — one for each girl child. In the case of twin or triplet girls born in the second pregnancy, a third account can be opened with a certificate from a doctor.
Related Calculators
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.
About Sukanya Samriddhi Yojana (SSY) Calculator
Estimate the Sukanya Samriddhi Yojana maturity corpus for your daughter's future education and marriage. Enter annual deposit and age of your daughter to see total deposits, interest earned, and final maturity amount. This tool is designed to be simple and accessible for users who need quick, reliable results.
When to use this tool
Use the sukanya samriddhi yojana (ssy) calculator when you need an accurate, immediate calculation without installing software or registering an account. It is especially useful for everyday decisions, quick comparisons, and planning where you need numbers fast.
How it works
The calculator applies standard, well-known formulas and conventions appropriate to the domain. Results are computed instantly in your browser to preserve privacy and avoid sending personal data to servers.
Limitations and tips
This tool provides informative estimates and is not a substitute for professional advice. For complex or high-stakes decisions, verify results with a qualified professional. Double-check inputs such as units, dates, and currency settings before making decisions.