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Sukanya Samriddhi Yojana Calculator

Written by

Amit Bansal

in

Latest SSY Rate =
%
₹
₹250 ₹1,50,000
Yr
0 Yr 10 Yr
2026 2040
Total investment
Total interest
Maturity year
Maturity value

About the Sukanya Samriddhi Yojana (SSY) Calculator

The Sukanya Samriddhi Yojana Calculator helps parents estimate how much money can accumulate in an SSY account over time based on yearly contributions, the child’s age when the account is opened, and the prevailing interest rate.

SSY is a government-backed small savings scheme launched under the “Beti Bachao, Beti Padhao” initiative to encourage long-term financial planning for girl children in India. The scheme is known for its high interest rate, tax-free maturity, and sovereign backing.

How the Calculator Works

The calculator uses the following SSY rules:

  • Deposits can be made for a maximum of 15 years from the account opening date.
  • The account matures 21 years after opening.
  • Interest continues to compound even after deposits stop.
  • Maximum annual contribution allowed is ₹1.5 lakh.
  • Minimum annual contribution required is ₹250.

Example

Suppose:

  • A girl’s SSY account is opened at birth
  • Parents contribute ₹1.5 lakh every year
  • Interest rate remains 8.2%

Then:

  • Contributions continue for 15 years
  • The account continues earning interest for another 6 years
  • Estimated maturity value may reach around ₹70–72 lakhs depending on interest rate changes.

Understanding the Two Important Time Periods

1. Contribution Period (15 Years)

You can deposit money only for the first 15 years after opening the account.

Example:

  • Open account at age 2
  • Contributions allowed until about age 17

2. Maturity Period (21 Years)

The account matures 21 years after opening.

Example:

  • Open at age 2
  • Maturity around age 23

During the final 6 years:

  • No additional deposits are required
  • Existing money continues earning interest automatically

Frequently Asked Questions (FAQ)

What is Sukanya Samriddhi Yojana (SSY)?

SSY is a government-backed savings scheme for girl children in India designed to help parents build funds for education and future expenses.

Who can open an SSY account?

Parents or legal guardians can open an SSY account for a girl child before she turns 10 years old.

How many SSY accounts can a family open?

  • One account per girl child
  • Maximum two accounts per family
  • Exceptions allowed for twins or triplets

What is the minimum and maximum contribution?

  • Minimum: ₹250 per financial year
  • Maximum: ₹1.5 lakh per financial year

Are deposits monthly or yearly?

Deposits are flexible. You can contribute:

  • Monthly
  • Quarterly
  • Yearly
  • Or multiple times during the year

As long as the total yearly contribution remains within the allowed limit.

How long can contributions continue?

Contributions can continue for 15 years from the date the account is opened.

Example:

  • Open at birth → contribute until about age 15
  • Open at age 10 → contribute until about age 25

What does “maturity after 21 years” mean?

The account matures 21 years after opening, not when the girl turns 21.

Example:

  • Open at birth → maturity around age 21
  • Open at age 10 → maturity around age 31

Does the account continue earning interest after deposits stop?

Yes.

Even after the 15-year contribution period ends, the balance continues earning SSY interest until maturity.

What happens after maturity?

After 21 years:

  • The account stops earning interest
  • The full maturity amount can be withdrawn tax-free

Is SSY tax-free?

Yes. SSY enjoys EEE tax status:

  • Investment qualifies for Section 80C deduction
  • Interest earned is tax-free
  • Maturity amount is tax-free

Can money be withdrawn before maturity?

Yes, partial withdrawal is allowed under certain conditions.

Up to 50% of the balance may be withdrawn for higher education after the girl turns 18 or completes Class 10.

Can the account be closed early for marriage?

Yes.

Premature closure is allowed if the girl is at least 18 years old and getting married.

What interest rate does SSY offer?

The SSY interest rate is decided by the Government of India and revised quarterly.

The scheme has recently offered interest rates around 8.2% annually.

Is SSY better than PPF?

SSY generally offers:

  • Higher interest rates than PPF
  • Tax-free maturity
  • Government backing

However:

  • SSY is only for girl children
  • PPF offers more flexibility and shorter lock-in options

The better choice depends on your financial goals and liquidity needs.

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