Sukanya Samriddhi Yojana SSY Calculator
Plan your daughter's future with the Sukanya Samriddhi Yojana — calculate the maturity corpus, total interest, and year-wise growth based on your annual investment and the girl child's current age.
Latest SSY Interest Rate (FY 2025-26) = 8.2% p.a.
Min ₹250 · Max ₹1,50,000 per year
Maximum age at account opening: 10 years
What Is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme designed exclusively for girl children below the age of 10. Introduced under the Beti Bachao Beti Padhao initiative, it provides parents a structured way to build a dedicated corpus for a daughter's education or marriage — with the backing of a sovereign guarantee, a high fixed interest rate, and complete tax exemption at all three stages.
How SSY Works
- An account can be opened at any post office or authorised bank for a girl below 10 years.
- Deposits are made for 15 years from the date of account opening.
- After the 15-year deposit window closes, no further contributions are accepted — but the existing balance continues to earn interest through to maturity.
- The account matures 21 years from the opening date, regardless of the girl's age at opening.
- Partial withdrawal of up to 50% is allowed once the girl turns 18 (for education expenses).
- Premature closure is permitted only in specific cases: critical illness of the account holder, or death.
SSY Interest Rate and Deposit Limits
The current SSY interest rate for FY 2025-26 is 8.2% per annum, compounded annually. The government reviews and notifies the rate each quarter, though it has remained stable for several consecutive quarters.
The minimum annual deposit is ₹250, and the maximum is ₹1,50,000 per financial year. Failing to deposit the minimum in a year makes the account 'defaulted'; a penalty of ₹50 per year of default is charged to revive it.
Year-wise Growth — How the Balance Builds
Each year, interest is calculated on the sum of the opening balance and the annual deposit, then credited to the account. Once the 15-year deposit period ends, the balance keeps compounding at the same rate without any further deposits. This lock-in compounding phase (years 16 to 21) often contributes more absolute interest than the deposit years do, because the corpus is at its largest.
Tax Benefits Under SSY
SSY qualifies for the triple exemption (EEE) category — making it one of the most tax-efficient instruments available:
- Deposits qualify for deduction under Section 80C (up to ₹1.5 lakh per year, under the old tax regime).
- Interest earned is fully tax-free — not added to income.
- The maturity amount is completely exempt from tax.
Tax Saving Illustration (Old Regime)
| Particulars | With SSY (₹1.5L invested) | Without SSY |
|---|---|---|
| Gross Salary | ₹15,00,000 | ₹15,00,000 |
| Standard Deduction | ₹50,000 | ₹50,000 |
| Net Salary | ₹14,50,000 | ₹14,50,000 |
| 80C Deduction via SSY | ₹1,50,000 | — |
| Taxable Income | ₹13,00,000 | ₹14,50,000 |
| Tax Liability (incl. cess) | ₹2,10,600 | ₹2,57,400 |
How to Use This Calculator
- Enter your planned yearly deposit (₹250 to ₹1,50,000).
- Enter the girl child's current age (0 to 10 years).
- Enter the year you plan to open the account.
- The calculator instantly shows total investment, interest earned, maturity amount, maturity year, and the girl's age at maturity.
- Expand individual years in the Year-wise Growth section to see the opening balance, annual deposit, interest credited, and closing balance for each year of the account's life.
Benefits of Planning Your SSY Early
- A longer investment horizon (opening early) results in more compounding cycles and a substantially larger corpus.
- The sovereign guarantee means there is zero credit risk — the return is locked regardless of market conditions.
- Systematic annual deposits encourage long-term savings discipline.
- The EEE tax status delivers better post-tax returns than most other fixed-income instruments.