worldofcalcsSSY Calculator 👧
About Sukanya Samriddhi Yojana
SSY is a government-backed savings scheme for the benefit of the girl child. It offers the highest interest rate among small savings schemes.
Eligibility
- Age: Girl child below 10 years.
- Limit: Max 2 accounts per family.
- Tenure: 21 years from opening date.
Investment Rules
- Deposit Period: 15 Years.
- Min/Max: ₹250 to ₹1.5 Lakh per year.
- Tax: EEE Status (Exempt-Exempt-Exempt).
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child, launched under the Beti Bachao Beti Padhao campaign. A parent or legal guardian can open the account at a post office or authorised bank any time before the girl turns 10. You deposit for 15 years, the account keeps earning interest until it matures 21 years after opening, and it currently pays 8.2% a year, the highest rate among the small-savings schemes. Like PPF, it has EEE tax status: deposits qualify for the ₹1.5 lakh deduction under the old tax regime, and the interest and maturity amount are tax-free.
How SSY maturity is calculated
B is the account balance, D the yearly deposit and r the annual rate (8.2% = 0.082). The calculator assumes each deposit is made at the start of the financial year and that the rate stays the same for all 21 years. In practice the rate is reset every quarter, and interest is credited once a year at the end of the financial year.
SSY rules at a glance
- Interest rate: 8.2% a year for October–December 2026, reviewed every quarter.
- Eligibility: a girl child under 10. One account per girl, and up to two per family (three if the second birth is twins or triplets).
- Deposits: minimum ₹250 and maximum ₹1.5 lakh per financial year, for 15 years from opening. If you miss the minimum, the account becomes 'defaulted' and can be revived with a ₹50 penalty for each year missed.
- Partial withdrawal: up to 50% of the previous year's closing balance for higher education, once the girl turns 18 or passes Class 10.
- Early closure: allowed after she turns 18 for her marriage (from one month before to three months after the wedding), or on compassionate grounds.
- Maturity: 21 years from the date of opening. The girl manages the account herself once she turns 18.
Worked example: ₹1.5 lakh a year from age 1
- A parent opens an account for their 1-year-old daughter and deposits ₹1,50,000 at the start of every year, at 8.2%
- Year 1: ₹1,50,000 grows to ₹1,62,300
- Years 1–15: deposits total ₹22,50,000, and the balance reaches ₹44,75,994 by the end of year 15
- Years 16–21: no more deposits, but the balance keeps compounding at 8.2%
- Maturity when she is 22: ₹71,82,127, of which ₹49,32,127 is tax-free interest
SSY maturity value at 8.2%
What different yearly deposits add up to after 21 years, with deposits made for the first 15.
| Yearly deposit | Total deposited | Interest earned | Maturity value |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ₹3,94,568 | ₹5,74,568 |
| ₹50,000 | ₹7,50,000 | ₹16,44,036 | ₹23,94,036 |
| ₹1,00,000 | ₹15,00,000 | ₹32,88,077 | ₹47,88,077 |
| ₹1,50,000 | ₹22,50,000 | ₹49,32,127 | ₹71,82,127 |
Assumes deposits at the start of each financial year and a constant 8.2% rate. The rate is revised every quarter.