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🏷 SSY Calculator

Sukanya Samriddhi Yojana Calculator

Calculate how much your daughter's SSY account will grow. See maturity amount, total interest earned and year-by-year breakdown.

Key SSY Rules at a Glance

Must be below 10 years
Min ₹250 · Max ₹1,50,000
Current rate: 8.2% (FY 2025-26)
Year when SSY account was/will be opened
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Maturity Amount (after 21 years)
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Total Deposited
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Interest Earned
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Girl's Age at Maturity
Your Deposits: —
Interest Earned: —
Year-by-Year Breakdown

When Can You Use the Money?

One of the best things about SSY is that you don't have to wait until the very end. Here's a simple timeline showing exactly when and how you can access the funds:

1

Years 1–15: Keep Depositing Deposit Phase

Deposit any amount between ₹250 and ₹1,50,000 every year. Your money earns 8.2% interest compounded annually. You get tax deduction under Section 80C on every deposit.

Example: If you opened the account when your daughter was 3 years old in 2026 and deposit ₹1,50,000/year, by the time she is 18 (year 15, i.e. 2040), you would have deposited ₹22,50,000 — but the balance would already be around ₹44 lakh thanks to compound interest!
2

After Girl Turns 18: Withdraw for Education Partial Withdrawal

Once your daughter turns 18 years old (or passes Class 10), she can withdraw up to 50% of the previous year's balance for higher education — college fees, hostel, books, anything education-related.

The remaining balance stays in the account and continues earning interest until maturity.

Example: Suppose the balance at the end of year 15 is ₹44 lakh. Your daughter turns 18 and gets admission to an engineering college. She can withdraw up to ₹22 lakh (50% of ₹44 lakh) for her education fees. The remaining ₹22 lakh continues to grow at 8.2%.
3

After Girl Turns 18: Early Closure for Marriage Optional

If your daughter gets married after turning 18, you can close the entire SSY account and withdraw the full amount. You need to apply between 1 month before to 3 months after the marriage date.

Example: If the account was opened at age 5 in 2026, and your daughter marries at age 22 (in 2043, i.e., year 17 of the account), the full balance at that time — approximately ₹55 lakh — can be withdrawn. The entire amount is 100% tax-free.
4

Year 21: Full Maturity — Get Everything Maturity

If you don't withdraw anything earlier, the account matures 21 years after opening. You receive the entire maturity amount — tax-free. No deposits are needed after year 15; the balance keeps growing on its own for 6 more years.

Example: Account opened at age 5 in 2026 with ₹1,50,000/year. Total deposited over 15 years = ₹22,50,000. At maturity in 2047 (girl's age 26), you receive approximately ₹69,27,000+. That's over ₹46 lakh in free interest — more than double your deposits!

Frequently Asked Questions

Sukanya Samriddhi Yojana is a government-backed savings scheme launched under the Beti Bachao Beti Padhao campaign. It is designed for the girl child and offers one of the highest interest rates (8.2%) among small savings schemes, with full tax benefits.
The current interest rate is 8.2% per annum (Q1 FY 2025-26), compounded annually. The government reviews and announces the rate every quarter.
You must deposit at least ₹250 per year and can deposit up to ₹1,50,000 per financial year. Deposits are required only for the first 15 years. You can deposit in one lump sum or in multiple installments during the year.
The account matures 21 years after opening. For example, if you open it when your daughter is 3 years old, it matures when she turns 24. After 15 years of deposits, the balance continues to earn interest for the remaining 6 years without any further deposits.
SSY enjoys EEE (Exempt-Exempt-Exempt) status: (1) Deposits up to ₹1.5 lakh qualify for Section 80C deduction, (2) Interest earned is completely tax-free, (3) The maturity amount is also tax-free. This makes it one of the most tax-efficient investments in India.
Partial withdrawal of up to 50% of the previous year's balance is allowed once the girl turns 18, typically for higher education expenses. Premature closure is permitted after the girl turns 18 for marriage purposes, or after 5 years in cases of extreme hardship.
A parent or legal guardian can open an SSY account for a girl child below 10 years of age at any post office or authorized bank. A maximum of two accounts can be opened — one per daughter. A third account is allowed in case of twin girls as the second birth.
If the minimum deposit of ₹250 is not made in any financial year, the account becomes inactive (defaulted). To reactivate it, you need to pay the minimum deposit of ₹250 for each defaulted year plus a penalty of ₹50 per defaulted year.

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⚠️ Disclaimer: This calculator provides indicative estimates based on the current SSY interest rate (8.2%). The actual interest rate is reviewed and may change every quarter as decided by the Government of India. Actual maturity amount may vary. Please consult your bank or post office for exact figures.