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Sukanya Samriddhi Yojana Calculator

Finance & Investment

Calculate the maturity amount for Sukanya Samriddhi Yojana (SSY) at 8.2% p.a. See year-by-year corpus growth and your daughter's age at maturity.

Reviewed by the thecalcu.com team · Last updated 15 June 2026

🇮🇳This tool is specific to India

SSY Account Details

Annual Deposit₹50,000
₹250₹1,50,000
Daughter's Current Age3 yrs
0 yrs10 yrs
Interest Rate (p.a.)8.2%
7%10%
Key SSY Rules
• Deposits for first 15 years from opening
• Account matures at 21 years from opening
• 50% withdrawal allowed at 18 years for education
• Max ₹1,50,000 / year · Tax-free (EEE status)

Balance growth to maturity (age 21)

07.50L15.00L22.50L30.00LY1Y6Y11Y16Y21
Y21 · Deposited 7.50LBalance 23.94L

Enter your yearly deposit to see how the account grows.

Year-by-Year Corpus Growth
YearAnnual DepositInterest EarnedBalance
2027₹50,000₹4,100₹54,100
2028₹50,000₹8,536₹1,12,636
2029₹50,000₹13,336₹1,75,972
2030₹50,000₹18,530₹2,44,502
2031₹50,000₹24,149₹3,18,651
2032₹50,000₹30,229₹3,98,881

What is a SSY?

A Sukanya Samriddhi Yojana Calculator projects the maturity amount of an SSY account based on the annual deposit, the current interest rate of 8.2% p.a., and the daughter's age at the time of account opening. It shows the year-by-year corpus growth, the total deposits made over 15 years, the total interest earned tax-free over 21 years, and key milestone dates, last deposit year, the 50% withdrawal eligibility date, and the final maturity year.

Sukanya Samriddhi Yojana is one of the most underutilised financial instruments in India despite being arguably the most compelling forced-savings scheme for families with daughters. Launched in 2015 under the Beti Bachao Beti Padhao programme, SSY is backed by the Government of India, offers a guaranteed 8.2% annual return (higher than PPF), qualifies for full EEE tax treatment, and creates a dedicated corpus that cannot be prematurely accessed except for education or marriage. The account opened today for a 3-year-old daughter will mature in 2047 with full tax-free proceeds.

The mathematics of SSY are compelling. A family depositing ₹1,50,000 per year (the maximum) for 15 years invests ₹22.5 lakh in total. At 8.2% compounded annually, the 21-year maturity amount is approximately ₹71 lakh, with ₹48.5 lakh coming entirely from interest, all of it tax-free. At a 30% tax bracket, the equivalent pre-tax return from a taxable instrument would need to be approximately 11.7% per annum to produce the same post-tax result, a level that only equity markets can aspire to, without the guarantee.

The PPF Calculator is a natural companion for families already investing in SSY, together they provide two government-backed, EEE-status vehicles that build the low-risk foundation of a long-term financial plan. For the equity growth layer, the SIP Calculator can model the complementary equity allocation.

Why Use a Sukanya Samriddhi Yojana Calculator?

See the 21-year compounding effect clearly. The gap between total deposits (₹22.5 lakh) and the maturity amount (₹71 lakh at current rates) is so large that many parents underestimate it. The year-by-year table makes the compounding visible and motivating.

Plan annual deposit amount. Work backward from your daughter's education or marriage cost target: if you need ₹50 lakh at her age 21, the calculator tells you exactly how much to deposit annually starting today.

Model interest rate sensitivity. The SSY rate changes quarterly. Running the calculator at 7.5%, 8.2%, and 8.75% shows how sensitive the maturity amount is to rate changes over a 21-year horizon, important for setting realistic expectations.

Track milestones. The calculator shows exactly when the last deposit falls due (15 years from opening), when 50% withdrawal becomes eligible (18 years from opening), and the final maturity date, all mapped to actual calendar years.

Who Should Use This Calculator?

Parents of daughters aged 0–10 who are evaluating whether to open an SSY account and want to see the projected maturity amount before committing.

Grandparents and extended family considering SSY as a gift investment for a granddaughter or niece, the calculator shows what a ₹50,000 annual contribution will deliver by the time she is 21.

Financial planners and wealth advisers helping families structure their child's education and marriage fund across SSY, mutual funds, and other instruments, with SSY providing the guaranteed-return floor.

Working mothers doing financial planning after the birth of a daughter, calculating whether SSY alone can fund higher education or whether additional SIP contributions are needed alongside it.

What Insights Does the Sukanya Samriddhi Yojana Calculator Give You?

Maturity Amount is the headline output, the total corpus your daughter receives tax-free when the account matures, 21 years from the date of opening.

Total Deposited vs Total Interest reveals the power of compounding: at ₹1 lakh annual deposit, approximately 55–60% of the maturity amount is pure interest, earned over the 6-year gap between the last deposit (year 15) and maturity (year 21).

Year-by-Year Table shows the annual deposit, interest credited, and cumulative balance for all 21 years, with milestone rows highlighted, last deposit year, 50% withdrawal eligibility, and maturity.

Key Milestones maps the deposit end year, education withdrawal date, and maturity year to actual calendar years, so you can align the corpus timeline with your daughter's life milestones.

How to use this SSY calculator

  1. Enter Annual Deposit, the amount you plan to deposit each financial year, from ₹250 to ₹1,50,000. The maximum is ₹1.5 lakh per year; deposits can be made monthly, quarterly, or as a lump sum.
  2. Enter Daughter's Current Age, from 0 (newborn) to 10 (maximum age at account opening). The maturity age is always 21 years from opening, so her age at maturity = current age + 21.
  3. Set Interest Rate, the default is 8.2% (current Q1 FY 2026-27 rate). Adjust downward to model a conservative scenario.
  4. Read the maturity amount, the result card shows the corpus at maturity, the total deposited, and the total interest earned.
  5. Review the year-by-year table, expand to see all 21 years, with the last deposit year (year 15), education withdrawal eligibility (year 18), and maturity (year 21) highlighted.
Show formula & methodology ↓Show less ↑

Formula & Methodology

Deposit phase (Years 1–15): At the beginning of each year, the annual deposit is added to the corpus. At year end, interest is credited on the full balance.

Interest phase (Years 16–21): No new deposits. Interest continues to compound annually on the accumulated balance.

Formula per year:
- If year ≤ 15: Corpus = (Corpus + Annual Deposit) × (1 + r)
- If year > 15: Corpus = Corpus × (1 + r)

Where r = interest rate ÷ 100.

Total Interest = Maturity Amount − Total Deposits

Worked example: A family opens an SSY account for their 2-year-old daughter in 2026, depositing ₹75,000 every year at 8.2% p.a.

- Total deposits (15 years × ₹75,000) = ₹11,25,000
- Maturity year: 2026 + 21 = 2047 (daughter turns 23)
- Last deposit year: 2026 + 15 = 2041 (daughter turns 17)
- 50% withdrawal eligible: 2026 + 18 = 2044 (daughter turns 20)

Corpus at maturity:
- After Year 15 (deposits complete): approx. ₹22.8 lakh
- After Years 16–21 (interest only, no deposits): corpus grows from ₹22.8 lakh to approx. ₹36.0 lakh
- Total Interest Earned: ₹36.0 lakh − ₹11.25 lakh = ₹24.75 lakh (all tax-free)

In 2044, when the daughter turns 20, up to 50% of the previous year's balance (approx. ₹16–17 lakh) can be withdrawn for college fees, without closing the account or affecting the compounding on the remaining balance through 2047.

Frequently Asked Questions

What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government-backed small savings scheme launched in 2015 under the Beti Bachao Beti Padhao initiative. It allows parents or guardians to open a dedicated savings account for a girl child up to the age of 10, with deposits for the first 15 years and the account maturing at 21 years from the date of opening. It currently offers 8.2% p.a. interest (compounded annually) and enjoys full EEE tax status.
What is the current SSY interest rate?
The SSY interest rate for Q1 FY 2026-27 is 8.2% per annum, compounded annually. The government reviews the rate quarterly in line with the G-Sec yield formula, but SSY has historically maintained a rate 0.75–1% above comparable small savings schemes. The SSY Calculator uses 8.2% as the default, with the rate adjustable to model different scenarios.
What are the minimum and maximum deposit amounts for SSY?
The minimum deposit per financial year is ₹250, and the maximum is ₹1,50,000. Deposits can be made in any number of instalments, monthly, quarterly, or as a single annual lump sum. The account becomes dormant if the ₹250 minimum is not deposited in a financial year; it can be revived by paying the shortfall plus a ₹50 penalty per default year.
When does the SSY account mature and what can I do with it?
The SSY account matures 21 years from the date of opening, regardless of the girl child's current age. At maturity, the full corpus (principal + interest) is paid out tax-free. If the girl marries after age 18, the account can be closed before the 21-year maturity. At maturity, the daughter must operate the account herself, the guardian's authority ends when she turns 18.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the balance as on 31 March of the previous financial year is allowed after the girl turns 18, for higher education or marriage expenses. Full premature closure is permitted if the account holder (girl) dies, or on compassionate grounds (life-threatening illness of account holder/guardian). The account can also be closed for marriage expenses after the girl turns 18. Otherwise, the full 21-year lock-in applies.
How many SSY accounts can a family open?
A maximum of two SSY accounts can be opened per family, one for each girl child. An exception allows a third account if twins or triplets are born as the second birth. No SSY account can be opened for a girl child after she turns 10. Accounts can be opened at post offices and all nationalised and major private banks in India.
Is the SSY interest rate guaranteed for 21 years?
No, the SSY interest rate is reviewed quarterly by the government and can change. Historically, SSY rates have ranged from 7.6% to 9.2% since the scheme's launch. The rate applicable in each quarter is the rate that accrues for that quarter's balance; there is no lock-in at the opening rate. The SSY Calculator lets you model different assumed rates to test sensitivity, for long-term planning, using a conservative rate like 7.5–8% as a scenario alongside the current 8.2% is advisable.
How is SSY different from PPF?
Both SSY and [PPF Calculator](/in/ppf-calculator/) are government small savings schemes with EEE tax treatment, but key differences exist: SSY is exclusively for girl children (under 10 at opening); PPF is for all individuals. SSY currently offers 8.2% versus PPF's 7.1%. SSY matures at 21 years from opening; PPF has a 15-year tenure with 5-year extensions. SSY's maximum deposit (₹1.5 lakh/year) is the same as PPF. For a family with daughters, SSY and PPF can both be used simultaneously.
What tax benefits does SSY provide?
SSY has EEE (Exempt-Exempt-Exempt) tax status: (1) deposits up to ₹1.5 lakh/year are deductible under Section 80C; (2) the interest earned every year is tax-free; (3) the maturity amount is tax-free. This triple tax benefit, combined with the 8.2% guaranteed rate, makes SSY's effective pre-tax return equivalent to approximately 11–12% for someone in the 30% tax bracket, substantially above most comparable instruments.
What happens if I miss a year of SSY deposits?
If the minimum ₹250 deposit is not made in a financial year, the account becomes 'defaulted.' To reactivate, you pay the minimum ₹250 for the defaulted year plus ₹50 penalty per defaulted year. Importantly, you cannot make up missed deposits above the minimum, the ₹1.5 lakh annual limit cannot be carried forward to a later year. Regular annual deposits are essential to maximise the scheme's compounding benefit over the 15 deposit years.
How does SSY compare to investing in equity mutual funds for a daughter's education?
SSY offers a guaranteed 8.2% p.a. with zero risk, EEE tax treatment, and government backing. Equity mutual funds historically deliver 12–15% CAGR over long periods but with significant year-to-year volatility. For goals with a fixed horizon (daughter's education at 18 or marriage at 21–23), SSY's guaranteed return ensures the funds are available when needed without sequencing risk. A balanced approach combines SSY for the guaranteed floor with a [SIP Calculator](/in/sip-calculator/) for growth equity allocation.

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Also known as
Sukanya Samriddhi YojanaSSY calculatorSSA calculatorgirl child savings schemeSSY returnsSukanya Samriddhi