Sukanya Samriddhi Yojana Calculator
Calculate the maturity amount for an SSY account. Deposits run for 15 years; the balance compounds at 8.2% annually until the account matures at 21 years.
Account details
Minimum ₹250 per year; maximum ₹1,50,000 per year
Account can be opened before the girl turns 10
Current rate: 8.2% per annum (Q1 FY2026-27)
Deposit period ends: 2036 (when she turns 20)
Account matures: 2042 (21 years from opening)
Note: Interest is calculated on the year-end balance and credited annually.
Maturity amount
₹0
At maturity in 2042 (8.2% p.a.)
Summary
Corpus composition
Year-by-year growth
Deposits stop after year 15| Year | Opening balance | Deposit | Interest | Closing balance |
|---|
How SSY works
Sukanya Samriddhi Yojana is a government-backed savings scheme for a girl child, introduced under the Beti Bachao Beti Padhao programme. You open the account at a post office or a designated bank branch any time before the girl turns 10. The account then runs for exactly 21 years from the date of opening — not from her birthday.
Deposits are mandatory for the first 15 years. After that, you stop depositing, but the balance keeps compounding at the current SSY rate for the remaining 6 years until the account matures at year 21. The entire corpus — principal plus all accumulated interest — is paid out tax-free.
The 15-year deposit, 21-year maturity rule
Most people assume the account matures when deposits stop. It does not. You deposit for 15 years, then the account sits for another 6 years compounding on what is already there. At 8.2%, those final 6 years add a substantial amount — with no further deposits from you.
If you deposit the maximum ₹1.5 lakh every year for 15 years (total outflow ₹22.5 lakh), the calculator above shows a maturity amount around ₹71–72 lakh at the current 8.2% rate. The interest earned — roughly ₹49 lakh — is more than double what you actually put in. All of it is tax-free.
Tax treatment: EEE status
SSY qualifies for EEE (Exempt-Exempt-Exempt) tax treatment. Each E covers a different stage:
- First E — deduction at entry: Deposits up to ₹1.5 lakh per year are deductible under Section 80C, reducing your taxable income.
- Second E — interest not taxed annually: The interest credited each year is not added to your taxable income, unlike FD interest, which is taxed at your slab rate.
- Third E — tax-free on withdrawal: The full maturity amount, however large, comes to you without any tax deduction.
For someone in the 30% tax bracket, a ₹1.5 lakh annual deposit saves ₹46,800 in tax (including cess). Over 15 years, that is a saving of over ₹7 lakh on contributions alone — before accounting for the tax-free interest.
A worked example at 8.2%
Suppose you open an account today with a 3-year-old girl and deposit ₹1,00,000 every year.
| Metric | Amount |
|---|---|
| Yearly deposit | ₹1,00,000 |
| Deposit years | 15 |
| Total deposited | ₹15,00,000 |
| Interest earned (21 years) | ₹32.6 L (approx.) |
| Maturity amount | ₹47.6 L (approx.) |
Change the yearly deposit amount in the calculator above to see how the corpus shifts. Even ₹6,000/year (₹500/month) for 15 years grows to around ₹2.9 lakh at maturity.
Key account rules
Who can open an account?
A parent or legal guardian of a girl child below 10 years of age. Maximum two accounts per family (one per girl), with an exception for twins or triplets born in the second delivery.
Deposit limits
Minimum ₹250 per year; maximum ₹1,50,000 per year. If the minimum deposit is not made in a year, the account becomes irregular and attracts a ₹50 penalty per missed year.
Where to open
Any post office in India or at authorised bank branches — State Bank of India, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, and several others. The account is transferable if you move cities.
Partial withdrawal
Allowed once the girl turns 18 or passes Class 10. Up to 50% of the balance at the end of the previous financial year can be withdrawn for higher education or marriage expenses.
Frequently asked questions
What is the SSY interest rate for 2026?
The rate for Q1 FY2026-27 (April–June 2026) is 8.2% per annum, compounded annually. The government kept it unchanged from the previous quarter. It is the highest among all government-backed small savings schemes.
For how many years do I need to deposit?
You deposit for 15 years from the date of account opening. No deposits are required or accepted after that. The balance continues to earn interest at the prevailing SSY rate for the remaining 6 years until maturity at year 21.
When does the SSY account mature?
The account matures 21 years from the date of opening, not 21 years from the girl's birth date. If you open the account when she is 5 years old, it matures when she is 26.
What are the tax benefits of SSY?
SSY has EEE status. Deposits up to ₹1.5 lakh per year are deductible under Section 80C. The interest earned is not taxed year on year. The full maturity amount is received tax-free.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the year-end balance is allowed once the girl turns 18 or passes Class 10. Premature full closure is permitted only on the account holder's death, life-threatening illness, or marriage after age 18.