How Sukanya Samriddhi Yojana works
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child, offering one of the
highest small-savings interest rates with full tax exemption. A parent or guardian opens the account
before the girl turns 10. You deposit for 15 years, but the account
matures 21 years after opening. In the final 6 years you contribute nothing, yet the
balance keeps compounding at 8.2% — which is why the maturity value is far larger than your total
deposits.
SSY interest rate and the EEE tax benefit
The SSY interest rate is announced by the Government of India every quarter. This projection uses
a constant 8.2% per annum, compounded yearly; future rates can change. Like PPF, SSY enjoys
EEE (Exempt-Exempt-Exempt) status:
- Exempt on deposit — up to ₹1.5 lakh a year qualifies under Section 80C (old regime).
- Exempt on interest — the interest earned each year is tax-free.
- Exempt on maturity — the entire maturity amount is tax-free.
Deposit, withdrawal and maturity rules
You can deposit a minimum of ₹250 and a maximum of ₹1,50,000 per financial year.
Partial withdrawal of up to 50% of the previous year’s balance is allowed for higher education once
the girl turns 18 or passes class 10. The account can be closed on her marriage after 18, and otherwise
matures 21 years from opening.
SSY vs PPF: which is better for your child?
Both are safe, tax-free (EEE) schemes. SSY usually offers a slightly higher rate and is
purpose-built for a daughter’s education and marriage, while PPF is
open to everyone and more flexible. Many parents run both, and add a market-linked
SIP for extra long-term growth. Compare the exact numbers using the
calculators to decide the right mix.
Year-wise SSY returns
This free online Sukanya Samriddhi Yojana tool shows a year-wise
breakdown of your deposits, interest and balance, so you can see the full return from
the very first deposit to maturity at age 21. Download the year-wise schedule as CSV (opens in Excel)
or print it for your records.
Frequently asked questions
What is the current Sukanya Samriddhi Yojana interest rate?
The Government of India sets the Sukanya Samriddhi Yojana interest rate every quarter. This calculator assumes a constant 8.2% per annum for illustration, compounded yearly. Check the official quarterly notification and adjust the input as needed. Future rates can change; the projected maturity is not guaranteed.
How is Sukanya Samriddhi maturity calculated?
Deposits are made for 15 years from account opening, while normal maturity is 21 years after opening. The balance continues to earn interest during the final six years without further contributions. This calculator holds your entered rate constant throughout; actual rates are notified quarterly and can change.
What is the minimum and maximum I can deposit in SSY?
You must deposit at least Rs 250 in a financial year to keep the account active, and you can deposit a maximum of Rs 1,50,000 per financial year. Deposits can be made in a lump sum or in instalments, and this calculator caps the yearly amount at Rs 1,50,000.
Who can open a Sukanya Samriddhi account and when does it mature?
A parent or guardian can open one SSY account for a girl child before she turns 10. The account matures 21 years from the opening date, or on her marriage after she turns 18. Enter her current age above and the calculator shows the age at which the account matures.
Is SSY tax-free?
Yes. Sukanya Samriddhi Yojana has EEE (Exempt-Exempt-Exempt) status. Deposits up to Rs 1.5 lakh a year qualify for a deduction under Section 80C, the interest earned every year is tax-free, and the entire maturity amount is tax-free too. Note that Section 80C is only available under the old tax regime.
Can I withdraw money before maturity?
Partial withdrawal of up to 50% of the previous year’s balance is allowed for the girl’s higher education once she turns 18 or passes class 10. The account can also be closed early on her marriage after 18. Otherwise the money stays locked until the 21-year maturity.
How much will I get if I invest Rs 1.5 lakh per year in SSY?
Depositing the full Rs 1,50,000 every year for 15 years at 8.2% grows to roughly Rs 69.8 lakh at maturity (21 years), of which about Rs 22.5 lakh is your investment and the rest is tax-free interest. Enter your own numbers above to see the exact figure and year-by-year growth.