Sukanya Samriddhi Calculator
Calculate the maturity amount of your Sukanya Samriddhi Yojana (SSY) account. See how your annual deposits grow with compound interest to build a substantial corpus for your daughter's education and marriage by the time she turns 21.
How Sukanya Samriddhi Yojana Works
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao, Beti Padhao campaign specifically for the benefit of the girl child in India. The account can be opened for a girl child below the age of 10 years by a parent or legal guardian at any post office or authorized bank branch. The scheme offers one of the highest interest rates among small savings instruments, currently at 8.2% per annum (as of FY 2025-26), compounded annually. The minimum annual deposit is ₹250 and the maximum is ₹1,50,000. Deposits can be made for the first 15 years from the date of account opening, and the account matures 21 years from the date of opening or upon the girl's marriage after age 18, whichever comes first.
SSY enjoys the coveted Exempt-Exempt-Exempt (EEE) tax status, which means the deposits qualify for deduction under Section 80C (up to ₹1,50,000), the interest earned is completely tax-free, and the maturity amount is also fully exempt from income tax. This triple tax benefit, combined with the high interest rate and sovereign guarantee, makes SSY one of the most attractive long-term savings instruments for parents planning for their daughter's future. The scheme is particularly beneficial for families looking to build a dedicated fund for higher education expenses or marriage costs.
Sukanya Samriddhi Maturity Calculation
Maturity Amount = Compound Interest on deposits over 21 years
For each year of deposit: Balance = (Previous Balance + Annual Deposit) × (1 + Rate/100)
After deposits stop: Balance = Previous Balance × (1 + Rate/100) for remaining years
Where:
- Deposit Period = 15 years from account opening (deposits mandatory)
- Maturity Period = 21 years from account opening
- Interest Rate = Government-declared rate (currently 8.2% p.a., compounded annually)
- Minimum Deposit = ₹250 per year
- Maximum Deposit = ₹1,50,000 per year
- Partial Withdrawal = Up to 50% of balance at the end of previous year, allowed after the girl turns 18
Deposit Rules and Timeline
Deposits into a Sukanya Samriddhi account are required for the first 15 years from the date of account opening. After 15 years, no more deposits are allowed, but the existing balance continues to earn compound interest at the prevailing rate until the account matures at the end of 21 years. The minimum deposit of ₹250 must be made each year to keep the account active. If the minimum is not deposited in any year, the account is classified as a defaulted account and can be revived by paying the minimum deposit along with a penalty of ₹50 per year of default. The maximum deposit in a financial year is ₹1,50,000, and deposits can be made in lump sum or in multiple instalments. The total deposit across all SSY accounts for one girl child cannot exceed ₹1,50,000 per year.
Interest Rate History and Current Rate
The interest rate on Sukanya Samriddhi Yojana is set by the government on a quarterly basis and has historically been one of the highest among all small savings schemes. Since its inception in 2015, the rate has ranged from 7.6% to 9.2%. The current rate of 8.2% per annum (FY 2025-26) is significantly higher than bank fixed deposits, PPF, and most other risk-free instruments. The interest is compounded annually and credited to the account at the end of each financial year. Since the interest rate can change quarterly, the actual maturity amount may differ slightly from the projected amount if rates change during the account's tenure. This calculator uses a constant rate for projection purposes.
Partial Withdrawal at Age 18
The scheme allows a partial withdrawal of up to 50% of the balance standing at the end of the preceding financial year once the girl child reaches the age of 18 or passes class 10, whichever is earlier. This provision is designed to help fund higher education expenses such as college admission fees, hostel charges, or professional course tuition. The withdrawal can be made in a single lump sum or in up to five instalments over a period of time. This is a significant feature as it provides liquidity for education while the remaining balance continues to earn interest until maturity at age 21.
Example Calculations
Example 1: Maximum Deposit (₹1,50,000/year) from Age 1
Parent deposits ₹1,50,000 annually for 15 years at 8.2% interest. Account opened at girl's age 1.
- Total Deposited = ₹1,50,000 × 15 = ₹22,50,000
- Deposit Period Interest + Growth Years = 21 years total
- Estimated Maturity Amount = approximately ₹73,00,000+
- Interest Earned = approximately ₹50,50,000+
Example 2: ₹50,000/year from Age 5
Parent deposits ₹50,000 annually at 8.2%. Account opened at girl's age 5.
- Deposit Years = min(15, 21 - 5) = 15 years
- Growth after deposits = 21 - 5 - 15 = 1 year
- Total Deposited = ₹50,000 × 15 = ₹7,50,000
- Estimated Maturity Amount = approximately ₹23,50,000+
Tax Benefits of Sukanya Samriddhi Yojana
SSY is one of the few investment instruments in India that enjoys EEE (Exempt-Exempt-Exempt) status under the Income Tax Act. The deposits qualify for deduction under Section 80C up to ₹1,50,000 per financial year, the interest earned during the tenure is completely tax-free, and the final maturity amount including all accumulated interest is also exempt from income tax. This makes SSY one of the most tax-efficient savings tools available, as the entire investment lifecycle is free from taxation. In contrast, instruments like fixed deposits and recurring deposits are taxable on the interest earned, making SSY significantly more attractive on an after-tax basis.
Eligibility and Account Opening
A Sukanya Samriddhi account can be opened for a girl child who is below 10 years of age at the time of account opening. Only a parent or legal guardian can open the account on behalf of the girl child. A maximum of two SSY accounts can be opened, one for each girl child (with an exception for twins or triplets born as the second birth). The account can be opened at any India Post office or designated bank branches including SBI, PNB, Bank of Baroda, and other nationalized banks. Documents required include the girl child's birth certificate, identity and address proof of the guardian, and passport-size photographs. The account can be transferred from one post office or bank to another across India without any charges.
Frequently Asked Questions
What is the current interest rate for Sukanya Samriddhi Yojana?
The current interest rate for Sukanya Samriddhi Yojana is 8.2% per annum (as of FY 2025-26), compounded annually. The rate is set by the government on a quarterly basis and is one of the highest among all government small savings schemes. Since the rate can change each quarter, the actual returns over the 21-year tenure may vary from projections that assume a constant rate. Historically, SSY rates have ranged between 7.6% and 9.2% since the scheme was launched in 2015.
What is the minimum and maximum deposit for SSY?
The minimum annual deposit required to keep a Sukanya Samriddhi account active is ₹250. The maximum deposit allowed in a financial year is ₹1,50,000. Deposits can be made in lump sum or in multiple instalments throughout the year. If the minimum deposit is not made in any year, the account becomes a defaulted account and can be revived by paying the minimum deposit plus a penalty of ₹50 for each year of default along with the minimum deposit for that year.
Can I withdraw money from SSY before maturity?
Partial withdrawal of up to 50% of the balance at the end of the previous financial year is allowed once the girl child turns 18 or passes class 10, whichever comes first. This is intended to cover higher education expenses. The withdrawal can be taken in a single amount or in up to five instalments. Complete premature closure is allowed after the girl turns 18 for the purpose of marriage. The account can also be closed prematurely in case of the account holder's death or on compassionate grounds such as life-threatening illness.
Is Sukanya Samriddhi Yojana tax-free?
Yes, SSY enjoys full EEE (Exempt-Exempt-Exempt) tax status. The annual deposits qualify for deduction under Section 80C of the Income Tax Act up to ₹1,50,000 per year. The interest earned during the entire 21-year tenure is completely tax-free. The maturity amount, including all accumulated interest, is also fully exempt from income tax. This triple exemption makes SSY one of the most tax-efficient long-term savings instruments available in India.
How long do I need to deposit money into SSY?
Deposits are required for the first 15 years from the date of account opening. After completing 15 years of deposits, no further contributions are allowed. However, the accumulated balance continues to earn compound interest at the prevailing rate for the remaining years until the account matures at the completion of 21 years from the date of opening. This means the money grows passively for 6 additional years after deposits stop, significantly boosting the final maturity amount through the power of compounding.