Rates TodayNIFTY25,144.3+0.46%SENSEX81,592.5+0.70%Gold 24K ₹12,589.84/g down152.83Silver ₹161.52/g down3.95
InsightforGeeks

Sukanya Samriddhi Yojana (SSY) Calculator

Calculate maturity savings for a girl child under the Government's Sukanya Samriddhi Yojana (SSY). See how 15 years of contributions compound over 21 years at 8.2% p.a. to build a massive tax-free fund for her higher education and future.

₹
₹250 (Min)₹75,000₹1,50,000 (Max 80C)
%
Highest Govt Small Savings Rate: 8.2% (Tax-Free)
How Sukanya Samriddhi Yojana Works:

You deposit for the first 15 years only. The account matures after 21 years. During years 16 to 21, your money continues to earn 8.2% compound interest without any fresh deposits!

Quick Investment Presets
Total SSY Maturity Value (Year 21)
₹71,82,127
100% Tax-Free (EEE Status)
Total Amount Deposited₹22,50,000
Total Interest Earned+₹49,32,127
Corpus in Words
≈ ₹71.82 Lakh
Interest69%
Deposit (31%)Interest (69%)

How to use it

  1. Enter the annual deposit amount (minimum ₹250, maximum ₹1,50,000 per financial year).
  2. Review the current 8.2% government small savings interest rate.
  3. Understand the schedule: you deposit for 15 years only, and the account matures at 21 years.
  4. Examine the year-by-year breakdown showing how your money continues compounding without deposits between years 16 and 21.

Frequently asked questions

Who can open a Sukanya Samriddhi Yojana (SSY) account?

An SSY account can be opened by parents or legal guardians for a girl child from her birth up to the age of 10 years. A maximum of two accounts can be opened per family (one per girl child, with exceptions for twins/triplets).

How long do I have to deposit money in SSY?

Deposits need to be made for the first 15 years from the date of account opening. From year 16 until maturity at year 21, no fresh deposits are required, but the existing balance continues earning full compound interest.

What is the current interest rate for SSY?

Sukanya Samriddhi Yojana offers one of the highest guaranteed rates among government small savings schemes, currently set at 8.2% p.a., compounded annually.

Is SSY completely tax-free?

Yes. SSY enjoys full EEE tax exemption under Section 80C. The investment (up to ₹1.5L/yr), annual interest accrual, and the final maturity amount at 21 years are 100% tax-free.

Can money be withdrawn before 21 years?

Partial withdrawal of up to 50% of the balance at the preceding financial year-end is allowed once the girl child turns 18 years of age or passes 10th standard, specifically for higher education expenses.

Related tools

These tools run entirely in your browser and are provided free, without warranty. Check important results before using them in production.