Sukanya Samriddhi Yojana (SSY) Calculator
Calculate your daughter's Sukanya Samriddhi maturity amount and tax-free interest at 8.2% — deposit for 15 years, mature in 21, with a year-by-year breakdown.
Maturity value (after 21 years)
100% tax-free (EEE)₹0
Total deposit
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Total interest
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Maturity value
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Matures at age
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Balance over 21 years
Deposits vs interest
- Total deposited ₹0
- Total interest ₹0
- Maturity value ₹0
Year-by-year breakdown
Deposits run for 15 years; interest keeps compounding until maturity in year 21.
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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 and is currently 8.2% per annum, compounded yearly. 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.
Frequently asked questions
What is the current Sukanya Samriddhi Yojana interest rate?
The SSY interest rate is set by the Government of India every quarter. As of the current quarter it is 8.2% per annum, compounded yearly — one of the highest rates among small savings schemes. This calculator uses 8.2% by default, and you can change it to model a different rate.
How is Sukanya Samriddhi maturity calculated?
You deposit for 15 years from the date the account is opened, but the account matures 21 years after opening. Interest is compounded annually. During the last 6 years you make no deposits, yet the balance keeps earning 8.2%, which is why the maturity value is much higher than your total deposits. This calculator applies exactly that 15-year deposit / 21-year maturity rule.
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.