Sukanya Samriddhi Calculator
Calculate maturity for the Sukanya Samriddhi Yojana girl-child savings scheme. Free, privacy-first — inputs never leave your browser.
Details
Result
Maturity (at 21 yrs)
₹71,82,119
Invested
₹22,50,000
Interest
₹49,32,119
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Sukanya Samriddhi Yojana (SSY)
SSY is a government-backed savings scheme for girls under 10 years. Current rate: 8.2% p.a. Deposit period is 15 years from account opening; maturity is at 21 years. Maximum ₹1.5L/year qualifies for 80C. Fully tax-free (EEE).
Common questions about Sukanya Samriddhi
What is Sukanya Samriddhi Yojana (SSY)?+
SSY is a government-backed savings scheme exclusively for the girl child under the Beti Bachao Beti Padhao initiative. Parents/guardians can open an SSY account for a girl child below 10 years of age. Current interest rate: 8.2% p.a., compounded annually (Q1 FY 2026-27). Account matures 21 years after opening or on the girl's marriage after age 18, whichever is earlier.
What are the SSY contribution rules?+
Minimum ₹250/year, maximum ₹1.5 lakh/year. Deposits allowed only for the first 15 years from account opening; then balance earns interest for remaining 6 years without new deposits. Only one account per girl child, maximum two daughters per family (exception: twins/triplets). Interest not credited for any year where ₹250 minimum is missed unless account is reactivated with penalty.
What are the tax benefits of SSY?+
SSY has full EEE (Exempt-Exempt-Exempt) status — (1) Contributions up to ₹1.5 lakh qualify for 80C deduction (old regime); (2) Annual interest is tax-free; (3) Maturity proceeds are completely tax-free. Currently 8.2% tax-free makes it the highest-yielding safe instrument in India, comparable to a 12% pre-tax FD for a 30% bracket taxpayer.
When can I withdraw from SSY?+
Partial withdrawal (up to 50% of previous year-end balance) allowed after the girl turns 18, strictly for higher education expenses (with admission proof). Account matures either 21 years from opening or on the girl's marriage after age 18. Premature closure allowed in specific cases: death of account holder, extreme compassionate grounds, or if guardian is no longer resident of India.
SSY vs PPF — which is better for a girl child?+
SSY wins for a girl child under 10. SSY offers 8.2% vs PPF's 7.1% — a 1.1% gap compounds to ~25% more corpus over 21 years. Both are EEE. PPF's flexibility advantage (anyone can hold it, partial loan facility) doesn't matter for a long-horizon child goal. Best strategy: max out SSY for the daughter, run a parallel PPF in your own name for additional long-term compounding.
How much corpus can SSY build?+
Depositing the maximum ₹1.5 lakh per year for 15 years (₹22.5 lakh total investment) at 8.2% compounding for 21 years yields approximately ₹69-72 lakh fully tax-free. Starting when the child is 1 year old and withdrawing at 21 is ideal. Combined with a parallel mutual fund SIP for inflation-beating growth, SSY forms the bedrock of a complete higher-education + marriage corpus.