Introduction
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme built for the future of a girl child. Parents or guardians can open an SSY account for any girl below 10 years of age.1 You deposit money each year for fifteen years.2 The account matures 21 years from the date it was opened.1 The government sets the interest rate and can revise it from time to time, and the interest the account earns is tax-free.
This Sukanya Samriddhi Yojana calculator helps you find out how much money your daughter will get when the account matures. Enter your yearly investment amount, your daughter's age when the account is opened, and the year you plan to open the account. The calculator will show you the total maturity value, total interest earned, and a full year-by-year breakdown of how your money grows. Use it to plan your deposits and make the most of this scheme.
How to Use Our Sukanya Samriddhi Yojana Calculator
Enter three details about your SSY account below. The calculator will show you the maturity value, total interest earned, total amount invested, and a full year-by-year breakdown.
Yearly Investment Amount: Type the amount you plan to deposit each year into the SSY account. You can invest as little as ₹250 per year.4 The most is ₹1.5 lakh (₹1,50,000) per year. Use the slider or type the amount directly.
Girl's Age at Account Opening: Enter your daughter's age in years when the account is opened. She must be under 10 years old on the day the account is opened.2 This helps the calculator find her age at maturity.
Start Year: Enter the year you opened or plan to open the SSY account. The calculator uses this to find the exact maturity year, since the account runs for a fixed 21-year period. It counts each account year from April to March, and for an account opened before 2024 it uses the interest rates the government set for those past years.3
Click the Calculate button to see your results. Click Reset to clear all fields and start over.
What Is the Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana is a savings scheme by the Government of India. It is made for parents or guardians who want to save money for their girl child's future. You can open an SSY account at any post office or authorized bank. The Prime Minister launched the Sukanya Samriddhi Account on January 22nd, 2015, at the launch of the Beti Bachao, Beti Padhao programme in Panipat.5 It sits alongside other government schemes such as the Public Provident Fund (PPF) and the Atal Pension Yojana, a pension scheme.
Who Can Open an SSY Account?
A parent or legal guardian can open this account for a girl child who is under 10 years old.1 Only one account is allowed per girl.1 A family can open a maximum of two SSY accounts, one for each daughter.2 If twin or triplet girls are born in the first or second birth, more than two accounts may be opened, on an affidavit backed by their birth certificates.2 This does not apply to girls of a second birth when the first birth already gave the family two or more surviving girls.2
How Much Can You Deposit?
You must deposit at least ₹250 per year to keep the account active.4 The most you can put in is ₹1.5 lakh per year.1 That is ₹1,50,000. Deposits are required for the first fifteen years.2 After that, the account earns interest on its own for the remaining 6 years until it matures.
Interest Rate and Maturity
The current SSY interest rate is 8.2% per year, in force since January 2024.3 Interest is credited at the end of each financial year, so it compounds annually.2 The government revises the rate from time to time, so it can change.3 The account matures 21 years after it was opened.1 At that point, the full amount, your deposits plus all the interest earned, is paid out to the account holder.
Tax Benefits
SSY falls under the EEE (Exempt-Exempt-Exempt) tax category. This means:
- Your yearly deposit qualifies for a tax deduction under Section 80C of the Income Tax Act.1
- The interest earned each year is tax-free.1
- The maturity amount you receive is also completely tax-free.
Partial Withdrawal Rules
Once the girl turns 18 years old or passes the 10th standard, up to 50% of the balance at the end of the previous financial year can be withdrawn for her education.4 The request needs a confirmed offer of admission or a fee slip, the amount is limited to the actual fees and charges, and it can be taken as one sum or once a year for up to five years.2 The account can also be closed early when the girl marries after turning 18.1 The closure can be made no earlier than one month before the wedding and no later than three months after it.2
What Happens If You Miss a Deposit?
If you do not deposit the minimum ₹250 in a year, the account becomes inactive. To reactivate it, you must pay a ₹50 penalty for each missed year along with the minimum deposit for those years.2 This can be done only until 15 years from the date the account was opened.2
Why Use This SSY Calculator?
This calculator helps you see how much money your daughter will receive when the account matures. Just enter your yearly deposit, your daughter's age when the account is opened, and the year you plan to open the account. It shows you the total maturity value, how much of it is your investment, and how much comes from interest. It also gives you a full year-by-year breakdown so you can plan ahead with confidence.