Sukanya Samriddhi Yojana Calculator
What a yearly SSY deposit for your daughter matures to, tax-free.
Sukanya Samriddhi pays 8.2%, the highest of the small savings schemes, and is completely tax-free. Depositing Rs 1.5 lakh a year for 15 years builds about Rs 71.8 lakh by the time the account matures 21 years after opening.
How this is calculated
Year-by-year breakdown
Free SSY calculator at the current 8.2% rate
Sukanya Samriddhi Yojana is a government-backed savings scheme for a girl child under 10, and at 8.2% it pays more than PPF, more than most bank fixed deposits, and it is completely tax-free. This calculator shows exactly what your yearly deposit becomes: deposits run for the first 15 years, the account keeps earning for 6 more, and it matures 21 years after opening.
The scheme is EEE: the deposit qualifies under Section 80C, the interest is exempt, and the maturity amount is exempt. Very few Indian instruments are triple-exempt, and none of the others pay 8.2%.
Worked example
Depositing the full Rs 1.5 lakh a year for 15 years at 8.2% puts in Rs 22.5 lakh of your own money. By maturity 21 years after opening, the account holds roughly Rs 71.8 lakh, of which about Rs 49 lakh is interest, all of it tax-free. Even Rs 3,000 a month, or Rs 36,000 a year, grows to about Rs 17 lakh.
| Yearly deposit | Total deposited (15 yr) | Approx. maturity (21 yr) |
|---|---|---|
| Rs 12,000 | Rs 1.8 lakh | ~Rs 5.7 lakh |
| Rs 50,000 | Rs 7.5 lakh | ~Rs 23.9 lakh |
| Rs 1,50,000 | Rs 22.5 lakh | ~Rs 71.8 lakh |
Rules worth knowing before you open one
The account can be opened at any post office or authorised bank for a girl under 10, with a minimum of Rs 250 and a maximum of Rs 1.5 lakh a year, for up to two daughters (three if the second birth is twins). Deposits stop after 15 years but interest keeps accruing to year 21. Up to 50% can be withdrawn once she turns 18 for higher education, and the account can be closed on marriage after 18. Miss a year and the account goes dormant until you pay a Rs 50 penalty plus the minimum deposit.
Note that different calculators show slightly different maturity figures depending on whether they assume deposits at the start or the end of each year. This one assumes deposits at the start of the year with annual compounding, which is what you get by depositing in April.
Compare it with the PPF calculator and the NSC calculator, or plan the education goal itself in the goal calculator.
Key facts
| Interest rate | 8.2% a year, compounded annually, reviewed quarterly |
|---|---|
| Deposit limits | Rs 250 minimum, Rs 1.5 lakh maximum per year |
| Deposit period | First 15 years from opening |
| Maturity | 21 years from opening, or on marriage after 18 |
| Tax treatment | EEE: 80C deduction, tax-free interest, tax-free maturity |
| Eligibility | Girl child under 10, up to two accounts per family |
How to use the Sukanya Samriddhi Yojana Calculator
- Enter the amount you plan to deposit each year, between Rs 250 and Rs 1.5 lakh.
- Set your daughter's age when the account is opened. It must be under 10.
- Leave the rate at 8.2% for the current quarter, or change it to test a different scenario.
- Read the maturity amount, the total deposited, the interest earned and the maturity year.
- Open the year-by-year breakdown to see the balance climb through the 15 deposit years and the 6 quiet years after.
- Turn on inflation to see what the maturity amount is worth in today's money.
Sources
- India Post, small savings schemes
- National Savings Institute, Ministry of Finance
- Income Tax Department, Government of India
Last reviewed and updated: 23 August 2026. Estimates only, not financial or tax advice.
Frequently asked questions
What is the Sukanya Samriddhi Yojana interest rate for 2026?
8.2% a year, compounded annually. The rate is reviewed every quarter by the Ministry of Finance and is currently the highest of the small savings schemes, ahead of PPF at 7.1% and NSC at 7.7%.
How much will I get if I deposit Rs 1.5 lakh a year in SSY?
About Rs 71.8 lakh at maturity, 21 years after opening, at 8.2%. You would have deposited Rs 22.5 lakh over the first 15 years, so roughly Rs 49 lakh of that is tax-free interest.
When does an SSY account mature?
21 years after the account is opened, or on the girl's marriage after she turns 18, whichever is earlier. Deposits are only required for the first 15 years; the balance keeps earning interest for the remaining 6.
Can I withdraw from SSY before maturity?
Up to 50% of the previous year's closing balance can be withdrawn once the girl turns 18 or passes class 10, for higher education. Premature closure is allowed on her marriage after 18, or in cases of death or documented medical hardship.
Is SSY better than PPF for a daughter?
On returns, yes: 8.2% against 7.1%, and both are tax-free. PPF is more flexible, with a 15-year term you can extend, loans against the balance and no restriction on who opens it. Many families use both, because the two Rs 1.5 lakh limits are separate but the Section 80C cap of Rs 1.5 lakh is shared.
Is SSY interest taxable?
No. Sukanya Samriddhi is an EEE scheme: deposits qualify for Section 80C, the interest is exempt, and the maturity amount is exempt.
Is this SSY calculator free?
Yes, free with no sign-up, no login and no ads.