Sukanya Samriddhi Calculator
Estimate the maturity value of a Sukanya Samriddhi Yojana account with 15 years of deposits and maturity at 21 years.
India-specific calculator. It uses Indian rules, rates and rupee amounts, and the currency selector is switched off on this page.
The Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child. You deposit for 15 years and the account matures 21 years from opening, with interest compounded annually and the whole maturity amount tax-free.
How to use the calculator
- Enter your planned yearly deposit (₹250 to ₹1,50,000).
- Set the interest rate — the government reviews it every quarter.
- Keep years of deposit at 15 for the standard SSY schedule.
- Set maturity to 21 years; the balance keeps earning interest after deposits stop.
How it is calculated
Where n = deposit years and m = maturity years. Deposits compound annually, then the accumulated balance keeps growing until maturity.
Worked example
₹1,50,000 per year for 15 years at 8.2%, maturing at 21 years
Total deposits = ₹22,50,000
Estimated maturity ≈ ₹71,82,000, with about ₹49,32,000 of tax-free interest.
Who should use this calculator
- Parents or guardians of a girl under ten, opening a dedicated long-term savings account.
- Families building an education or marriage corpus with a government-backed, fixed-rate product.
- Anyone using the old tax regime and looking to fill the 80C limit with a safe instrument.
- Investors who want the certainty of a notified rate for two decades rather than market-linked returns.
Common mistakes to avoid
- Confusing the deposit window with maturity. Deposits run for fifteen years, but the account matures twenty-one years from opening. The balance keeps earning interest after you stop depositing.
- Depositing more than ₹1,50,000 a year. The excess earns no interest and gives no deduction, so there is no advantage in crossing the limit.
- Skipping deposits entirely. A minimum of ₹250 a year is required to keep the account active. Missing it can attract a penalty and eventually close the account.
- Expecting liquidity. Partial withdrawal is permitted only for higher education, after the girl turns eighteen or completes the tenth standard, and is capped at 50% of the balance at the end of the previous financial year.
- Assuming every bank follows the same rules. Post offices and banks administer the scheme, but documentation and operational practices vary, so ask about the specifics where you open it.
The fifteen-and-twenty-one structure
The scheme is deliberately structured in two phases. For the first fifteen years you deposit, up to ₹1.5 lakh a year. From then until the twenty-first year the account keeps compounding with no further deposits required, so the final six years do a substantial amount of the total work. That is why the maturity figure is so much larger than the sum of deposits.
At ₹1,50,000 a year and 8.2%, total deposits come to ₹22.5 lakh while the projected maturity is roughly ₹71.8 lakh, with about ₹49.3 lakh of that being tax-free interest. The rate is notified quarterly and can change, so treat the projection as an estimate based on the current rate rather than a guaranteed figure.
SSY terms explained
- EEE status
- Exempt-Exempt-Exempt: deposits, interest and the maturity amount are all free of tax.
- Deposit window
- The first fifteen years, during which contributions are allowed.
- Maturity at 21
- The account matures twenty-one years after opening, with interest continuing after deposits stop.
- Partial withdrawal
- Up to 50% for higher education after the account holder turns eighteen, subject to conditions.
- Minimum deposit
- ₹250 a year, required to keep the account active.
Withdrawals and closing the account
The account is built for the long term, but there are defined exits. Partial withdrawal for higher education is allowed once the girl turns eighteen or completes the tenth standard, capped at 50% of the balance at the end of the previous financial year. The account can be closed if she marries after turning eighteen, and in the unfortunate event of the account holder's death the balance is paid to the nominee. If the family relocates, the account can be transferred between post offices and banks rather than closed, which preserves the interest history and the tax benefits.
Frequently asked questions
Who can open an SSY account?
A parent or guardian can open a Sukanya Samriddhi account for a girl child below 10 years of age. Only one account per girl is allowed, with a maximum of two accounts per family (three in special cases).
Can I withdraw before maturity?
Partial withdrawal of up to 50% is allowed for higher education after the girl turns 18 or completes 10th standard. The account can also be closed with specific conditions, such as marriage after age 18.
Is SSY interest taxable?
No. SSY follows exempt-exempt-exempt treatment: deposits qualify under section 80C, the interest is tax-free and the maturity proceeds are exempt from tax.