Sukanya Samriddhi Calculator
Enter your yearly deposit and the SSY interest rate to see how much your daughter's Sukanya Samriddhi Yojana account grows by maturity — 21 years after opening, with deposits for the first 15 years.
What is Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana (SSY) is a government-backed small-savings scheme launched under the "Beti Bachao, Beti Padhao" campaign to help parents build a corpus for a girl child's education and marriage. It offers one of the highest interest rates among all government savings schemes and full EEE tax treatment — deposits, interest and maturity are all tax-free.
Key rules at a glance
- Who: a parent or guardian can open one account per girl child (maximum two accounts per family), any time before the girl turns 10.
- Deposits: minimum ₹250 and maximum ₹1,50,000 per financial year, for 15 years from the opening date.
- Maturity: the account matures 21 years after opening (or on the girl's marriage after age 18). Years 16–21 earn interest with no further deposits.
- Interest: set quarterly by the government — currently 8.2% p.a., compounded annually.
- Tax: deposits qualify for Section 80C (old regime), and interest plus maturity are fully exempt.
How the maturity builds
Because deposits run for only 15 years but interest compounds for 21, the last six years do a lot of the heavy lifting — a strong reason to open the account early and fund it fully in the initial years.
| Yearly deposit | Total deposited (15 yrs) | Maturity at 8.2% |
|---|---|---|
| ₹12,000 | ₹1,80,000 | ≈ ₹5.75 lakh |
| ₹50,000 | ₹7,50,000 | ≈ ₹23.9 lakh |
| ₹1,00,000 | ₹15,00,000 | ≈ ₹47.9 lakh |
| ₹1,50,000 | ₹22,50,000 | ≈ ₹71.8 lakh |
SSY vs PPF
SSY and the PPF are close cousins — both are government-guaranteed, EEE, and 80C-eligible. SSY usually pays a slightly higher rate and is purpose-built for a girl child, while PPF is open to everyone and more flexible on withdrawals. Many parents run both. If you also invest in equity for the same goal, compare the guaranteed SSY return against a market-linked SIP before deciding your split.
Partial withdrawal
Once the girl turns 18, up to 50% of the previous year's closing balance can be withdrawn for higher education. The account can be closed early on marriage after 18. Otherwise it runs the full term.