Sukanya Samriddhi Yojana (SSY) Calculator
See what a Sukanya Samriddhi account grows into for your daughter — tax-free at year 21.
Plan the account
SSY allows ₹250–₹1,50,000 per financial year, for 15 years.
Reset by the government each quarter; 8.2% is current.
The account can be opened any time before she turns 10.
Results update live — calculations run in your browser, no signup.
₹71.82 L
Your daughter's corpus grows 3.19× the ₹22.50 L you deposit over 15 years — fully tax-free, maturing when she's about 26.
69% of the maturity comes from tax-free compounding — only 31% is the money you put in.
Assumes a deposit at the start of each year for 15 years, compounded annually at a constant 8.2%, maturing at year 21. The rate is reset quarterly — treat this as an estimate, not a guarantee.
Deposit, tax-free interest credited and closing balance for each of the 21 years — deposits stop after year 15. Milestone years: Y5 ₹9.56L · Y10 ₹23.74L · Y15 ₹44.76L · Y21 ₹71.82L.
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| Year 1 | ₹1.50 L | ₹12,300 | ₹1.62 L |
| Year 2 | ₹1.50 L | ₹25,609 | ₹3.38 L |
| Year 3 | ₹1.50 L | ₹40,009 | ₹5.28 L |
| Year 4 | ₹1.50 L | ₹55,589 | ₹7.34 L |
| Year 5 | ₹1.50 L | ₹72,448 | ₹9.56 L |
| Year 6 | ₹1.50 L | ₹90,688 | ₹11.97 L |
| Year 7 | ₹1.50 L | ₹1.10 L | ₹14.57 L |
| Year 8 | ₹1.50 L | ₹1.32 L | ₹17.39 L |
| Year 9 | ₹1.50 L | ₹1.55 L | ₹20.44 L |
| Year 10 | ₹1.50 L | ₹1.80 L | ₹23.74 L |
| Year 11 | ₹1.50 L | ₹2.07 L | ₹27.31 L |
| Year 12 | ₹1.50 L | ₹2.36 L | ₹31.17 L |
| Year 13 | ₹1.50 L | ₹2.68 L | ₹35.35 L |
| Year 14 | ₹1.50 L | ₹3.02 L | ₹39.87 L |
| Year 15 · deposits end | ₹1.50 L | ₹3.39 L | ₹44.76 L |
| Year 16 | — | ₹3.67 L | ₹48.43 L |
| Year 17 | — | ₹3.97 L | ₹52.40 L |
| Year 18 | — | ₹4.30 L | ₹56.70 L |
| Year 19 | — | ₹4.65 L | ₹61.35 L |
| Year 20 | — | ₹5.03 L | ₹66.38 L |
| Year 21 · matures | — | ₹5.44 L | ₹71.82 L |
Based on opening the account now, while she's 5.
Deposits run for 15 years
You contribute until she's about 20; after that the balance keeps growing on its own.
50% withdrawal for education
Once she turns 18 (in 13 years), up to half the balance can fund her higher education.
Matures at year 21
The full ₹71.82 L is tax-free when she's about 26, or earlier on her marriage after 18.
The 6 years that cost you nothing
Deposits stop at year 15, but the corpus compounds for 6 more years.
Balance at year 15
₹44.76 L
when deposits end
Balance at year 21
₹71.82 L
at maturity
+₹27.06 L is earned in years 16–21 with no further deposits — about 38% of the final maturity, purely from tax-free compounding.
What different yearly deposits mature to at year 21, at 8.2% — the 80C cap is ₹1,50,000/yr.
| Yearly deposit | Total deposited | Interest earned | Maturity |
|---|---|---|---|
| ₹25,000/yr | ₹3.75 L | ₹8.22 L | ₹11.97 L |
| ₹50,000/yr | ₹7.50 L | ₹16.44 L | ₹23.94 L |
| ₹1.00 L/yr | ₹15.00 L | ₹32.88 L | ₹47.88 L |
| ₹1.25 L/yr | ₹18.75 L | ₹41.10 L | ₹59.85 L |
| ₹1.50 L/yr | ₹22.50 L | ₹49.32 L | ₹71.82 L |
Highlighted row matches your current plan. All amounts stay within the ₹1,50,000 yearly 80C cap.
SSY vs a taxable twin
The same ₹1,50,000/year for 15 years at 8.2%, but with each year's interest taxed at a 30% slab.
SSY (tax-free)
₹71.82 L
Taxable twin
₹50.59 L
The tax-free status alone is worth about ₹21.23 L — the taxable twin hands roughly ₹12.04 L to tax along the way. Because the interest is exempt, your 8.2% SSY behaves like a 11.7% taxable FD. At a lower slab the edge is smaller.
- Tax-free edge: +₹21.23 L vs the same deposits taxed at 30%.
- ₹27.06 L is earned in years 16–21 with no deposits at all.
- At 8.2%, money doubles in about 8.8 years.
Key insight
Depositing ₹1,50,000 a year for 15 years grows to ₹71.82 L by year 21 — fully tax-free, with ₹49.32 L of it pure interest you keep entirely. Because the interest is exempt, that 8.2% behaves like a 11.7% taxable FD, handing you about ₹21.23 L more than the same deposits in a taxable account. After 6% inflation, it's worth ₹21.13 L in today's money.
Key takeaways
- Total deposited: ₹22,50,000 (over 15 years)
- Tax-free interest: ₹49.32 L (69% of maturity)
- Maturity at year 21: ₹71.82 L
- Pre-tax equivalent: 11.7% taxable (at 30% slab)
- Tax-free edge: +₹21.23 L vs a taxable FD
Why invest in SSY
EEE — triple tax-free
Deposits qualify for 80C, the interest is exempt, and the maturity is tax-free. Among small-savings schemes, that's the best possible tax status.
One of the highest rates
At 8.2%, SSY usually carries the highest rate among small-savings schemes — a sovereign-guaranteed, tax-free return that's hard to beat.
Sovereign-guaranteed
Backed by the Government of India — no credit risk to your daughter's corpus, principal and credited interest alike.
Built for her future
50% can be withdrawn for higher education once she turns 18, and the full corpus is hers at maturity or on marriage after 18.
Forces long-term discipline
Deposit as little as ₹250 a year to keep it active; the long horizon turns modest yearly deposits into a serious tax-free corpus.
Beats a taxable FD
At a 30% slab, an 8.2% tax-free SSY equals a 11.7% taxable FD — a return hard to match safely.
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Your plan: ₹1,50,000/year for 15 years → about ₹71.82 L tax-free at year 21.
SSY can be opened for a girl child below age 10, with deposits of ₹250–₹1,50,000 per financial year for 15 years and maturity at 21 years (or on her marriage after 18). It is EEE — deposits qualify for an 80C deduction up to ₹1,50,000 (old regime), interest is tax-free, and maturity is exempt. The pre-tax-equivalent rate assumes a 30% slab; at a lower slab the edge is smaller. The 8.2% rate (Q1 FY2026-27) is reset quarterly by the government, so the maturity figure is an estimate, not a guarantee.
How an SSY maturity is calculated
FV = P × (1 + r) × [ ((1 + r)¹⁵ − 1) ÷ r ] × (1 + r)⁶
- FV
- tax-free maturity value at year 21
- P
- yearly deposit (start of each financial year)
- r
- annual rate = rate% ÷ 100
- 15
- years of deposits, each earning a full year of interest (annuity-due)
- 6
- years the balance idle-compounds after deposits stop (years 16–21)
Worked example
With your inputs — ₹1,50,000/year at 8.2%: r = 0.082, so 15 start-of-year deposits compound to a balance of about ₹44.76 L by year 15. With no further deposits, that balance compounds for 6 more years (× (1 + 0.082)⁶) to a tax-free maturity of about ₹71.82 L at year 21. The rate resets quarterly, so treat this as an estimate.
Most asked SSY questions
SSY is a government-backed small-savings scheme for a girl child. A parent or guardian opens the account for a girl below age 10, deposits between ₹250 and ₹1,50,000 each financial year for 15 years, and the balance compounds annually — currently at 8.2%. The account matures 21 years after it is opened, and both the interest and the maturity amount are fully tax-free.
A natural or legal guardian can open one account for a girl child who has not yet turned 10. A family can hold a maximum of two SSY accounts — one per girl child — with an exception that allows a third account in the case of twins or triplets, on submission of the required certificates.
The minimum is ₹250 per financial year (₹250 also opens the account) and the maximum is ₹1,50,000 per financial year, in multiples of ₹50. Deposits are only made for the first 15 years from opening. After that, no further deposits are allowed, but the balance keeps earning interest until the account matures at 21 years.
The account matures 21 years from the date of opening, or earlier if the girl marries on or after age 18. Separately, once the girl turns 18 (or passes the 10th standard), up to 50% of the balance at the end of the previous financial year can be withdrawn for her higher education.
Yes. SSY has EEE (exempt-exempt-exempt) status: deposits qualify for a Section 80C deduction of up to ₹1,50,000 a year (under the old tax regime), the interest credited each year is tax-free, and the maturity amount is fully exempt. There is no TDS on the interest.
No. The government resets small-savings rates every quarter, so the SSY rate can change over the 21-year life of the account. 8.2% is the current rate (Q1 FY2026-27) — this calculator holds it constant for the projection, so treat the maturity figure as an estimate, not a guarantee.
The complete guide to Sukanya Samriddhi Yojana
What SSY is built for
The Sukanya Samriddhi Yojana is a government small-savings scheme created specifically to help parents build a tax-free corpus for a daughter's education and marriage. You open it for a girl child below age 10, deposit between ₹250 and ₹1,50,000 each financial year for 15 years, and the balance compounds annually at the notified rate — currently 8.2%, among the highest of any small-savings scheme.
How the maturity is calculated
This calculator assumes a deposit at the start of each financial year for 15 years, each earning a full year of interest, compounded annually. After year 15 no further deposits are made, but the balance keeps compounding until the account matures at year 21. Because the rate can change every quarter, the figure is a planning estimate, not a guarantee.
Why the tax-free status matters
SSY is EEE — exempt at deposit, on the interest, and at maturity. A taxable fixed deposit hands roughly a third of its interest to tax at the top slab, so to actually keep an 8.2% return after a 30% slab you'd need a deposit paying about 11.7%. For a long-horizon, capital-safe goal like a child's future, that is very hard to beat.
The last six years do a lot of the work
Because deposits stop at year 15 but the corpus compounds until year 21, a large share of the final maturity is earned in those last six years with no money added — about 38% of it on these inputs. The earlier you open the account and the more you deposit in the early years, the more of this free compounding you capture.
Withdrawals and maturity
Once your daughter turns 18 (or passes the 10th standard), up to 50% of the previous year's balance can be withdrawn for her higher education. The account itself matures 21 years after opening, or earlier if she marries on or after age 18 — at which point the entire tax-free corpus is paid out.
Making the most of SSY
Open the account as early as possible, and ideally fund the full ₹1,50,000 near the start of the financial year so it earns a complete year of interest. Keep at least the ₹250 minimum flowing each year to avoid the account being treated as in default. These figures are planning estimates — confirm the current rate and rules with the bank, post office or the official scheme page before depositing.