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. You deposit money each year for 15 years, and the account matures after 21 years from the date it was opened. The scheme offers a fixed interest rate, and all returns are fully 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 current age, 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 low as ₹250 and as high as ₹1,50,000 per year. Use the slider or type the amount directly.
Girl's Current Age: Enter your daughter's age in years. She must be between 0 and 10 years old to open a Sukanya Samriddhi Yojana account. This helps the calculator find her age at maturity. If you need to find the exact age in years, months, and days, you can use our age calculator.
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.
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 scheme was launched in 2015 under the Beti Bachao, Beti Padhao campaign. It sits alongside other popular government schemes like the Public Provident Fund (PPF) and the Atal Pension Yojana as a safe, tax-efficient way to build long-term wealth.
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. Only one account is allowed per girl. A family can open a maximum of two SSY accounts — one for each daughter. In the case of twin or triplet girls, a third account may be allowed with proper proof.
How Much Can You Deposit?
You must deposit at least ₹250 per year to keep the account active. The most you can put in is ₹1,50,000 per year. Deposits are required for the first 15 years. After that, the account earns interest on its own for the remaining 6 years until it matures. If you are also setting aside money through monthly investments, our SIP calculator can help you see how a systematic plan compares over the same time horizon.
Interest Rate and Maturity
The current SSY interest rate is 8.2% per year, compounded annually. The government sets this rate every quarter, so it can change. The account matures 21 years after it was opened. At that point, the full amount — your deposits plus all the interest earned — is paid out to the account holder. Since SSY uses annual compounding, you can explore how different compounding frequencies affect growth with a compound interest calculator. To quickly estimate how many years it takes for your deposit to double at 8.2%, try the Rule of 72 calculator.
Tax Benefits
SSY falls under the EEE (Exempt-Exempt-Exempt) tax category. This means:
- Your yearly deposit (up to ₹1,50,000) gets a tax deduction under Section 80C of the Income Tax Act.
- The interest earned each year is tax-free.
- The maturity amount you receive is also completely tax-free.
To understand how this deduction affects your overall tax liability, use our income tax calculator.
Partial Withdrawal Rules
Once the girl turns 18 years old, she can withdraw up to 50% of the balance from the previous year. This withdrawal is allowed only for higher education expenses. No other withdrawals are permitted before maturity.
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.
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 current age, 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. If you want to compare SSY with other savings options, check out our RD calculator for recurring deposits or our mutual fund calculator for market-linked returns. For a broader picture of how your money can grow over time with a single deposit, our future value calculator is another helpful tool.