About this tool
The Sukanya Samriddhi Yojana (SSY) Calculator estimates the maturity value of your SSY account. SSY is a government-backed savings scheme for the girl child with one of the highest interest rates (currently 8.2%) and full tax exemption (EEE - exempt at deposit, accumulation, and withdrawal).
Deposits are made for 15 years from account opening, and the account matures when the girl turns 21. The remaining years earn interest without additional deposits. Partial withdrawal (50%) is allowed after the girl turns 18 for education expenses.
How the SSY calculation works
Sukanya Samriddhi Yojana compounds interest annually. Each year your deposit is added to the running balance, then interest at the notified rate is applied to the whole balance. Deposits run for the first 15 years; after that no fresh money goes in, but the balance keeps compounding until the account matures 21 years after opening.
Because interest is credited at the end of each financial year, depositing early in the year (before 5 April for the official interest calculation) earns slightly more than depositing at the end of March. The scheme is one of the few that pairs a high, government-backed rate with full tax exemption, which is why it is popular for long-horizon goals like a daughter's higher education or marriage fund.
For each year: balance = balance + deposit_this_year interest = balance x rate balance = balance + interest deposit_this_year = yearly deposit for years 1 to 15, then 0 rate = 8.2% (0.082) for FY 2025-26
- Deposit phase: years 1 to 15 from opening, you contribute between Rs 250 and Rs 1.5 lakh per financial year.
- Hold phase: years 16 to 21 (or until age 21), no deposits but interest still compounds.
- Rate: 8.2 percent for FY 2025-26[1], reviewed quarterly, so a real account may see slightly different rates over its life.
Worked example
A parent opens an SSY account when their daughter is 5 and deposits the full Rs 1,50,000 every year at 8.2 percent:
- Deposit total: Rs 1,50,000 x 15 years = Rs 22,50,000 contributed.
- Compounding: each year's balance earns 8.2 percent, and from year 16 the balance keeps growing with no new deposits.
- Maturity at age 21: roughly Rs 69.3 lakh, of which about Rs 46.8 lakh is interest.
- Tax position: the Rs 1.5 lakh annual deposit is deductible under Section 80C (old regime), and both the interest and the maturity amount are tax-free.
SSY scheme rules at a glance
| Rule | Detail |
|---|---|
| Eligibility | Girl child below 10 years; one account per girl |
| Accounts per family | Maximum two (a third allowed for twins or triplets) |
| Minimum deposit | Rs 250 per financial year |
| Maximum deposit | Rs 1,50,000 per financial year |
| Deposit period | 15 years from account opening |
| Maturity | 21 years from opening |
| Interest rate (FY 2025-26) | 8.2 percent, compounded annually |
| Tax status | EEE; deposit eligible under Section 80C (old regime) |
Common pitfalls
- Treating the rate as fixed for 21 years. The 8.2 percent rate is notified quarterly. The calculator assumes one rate for the whole term, so a real account's maturity will differ as rates change.
- Forgetting the Rs 250 minimum. Skip it in any year and the account becomes inactive; reviving it costs a Rs 50 penalty plus the missed minimum.
- Assuming deposits run the full 21 years. Contributions stop at year 15. Years 16 to 21 only earn interest.
- Counting the 80C benefit under the new regime. The Section 80C deduction applies only if you file under the old tax regime; the new regime removes it.
- Exceeding Rs 1.5 lakh across accounts. The annual cap is per girl and also bounded by the overall 80C limit, so two accounts do not double the deductible amount.
Related India finance calculators
Sources
- National Savings Institute / Ministry of Finance, small savings interest rates for the quarter of FY 2025-26: SSY rate 8.2 percent per annum, compounded annually.
- India Post, Sukanya Samriddhi Account scheme rules (eligibility, deposit limits, 15-year deposit term, 21-year maturity, partial withdrawal).
Last updated 2026-05-28. Verify the current quarter's rate with India Post or the Ministry of Finance before depositing.
Frequently asked questions
What is the current SSY interest rate?
The SSY interest rate for FY 2025-26 is 8.2 percent per annum, compounded annually. It is set by the Ministry of Finance and reviewed every quarter, so it can change for new interest periods, though it has stayed at 8.2 percent since April 2024.
How long do I deposit into SSY and when does it mature?
You deposit for 15 years from the date the account is opened. The account then keeps earning interest with no further deposits and matures 21 years after opening, or earlier if the girl marries after turning 18. So a 15-year deposit phase is followed by a 6-year hold.
Can I withdraw from SSY before maturity?
Up to 50 percent of the balance at the end of the previous financial year can be withdrawn once the girl turns 18 or passes class 10, for higher education. Premature closure for marriage is allowed after she turns 18. Otherwise the money stays locked until maturity.
Are SSY returns taxable?
No. SSY has EEE (exempt, exempt, exempt) status. Deposits up to 1.5 lakh per year qualify for a Section 80C deduction under the old tax regime, the annual interest is tax-free, and the entire maturity amount is tax-free. The new tax regime does not allow the 80C deduction.
What are the minimum and maximum SSY deposits?
The minimum is 250 rupees per financial year to keep the account active, and the maximum is 1.5 lakh per financial year. You can deposit in lump sum or instalments. Missing the 250 rupee minimum makes the account inactive until you pay a 50 rupee penalty plus the minimum.