Sukanya Samriddhi Yojana Calculator
Maturity value of a girl child savings account
- Your deposits₹22.50 L31%
- Interest earned₹49.32 L69%
| Your deposits | ₹22.50 L | 31.3% |
| Interest earned | ₹49.32 L | 68.7% |
Year-wise account statement
| Year | Financial year | Deposit | Interest | Closing balance |
|---|---|---|---|---|
| 1 | 2026-27 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 | 2027-28 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| 3 | 2028-29 | ₹1,50,000 | ₹40,009 | ₹5,27,917 |
| 4 | 2029-30 | ₹1,50,000 | ₹55,589 | ₹7,33,506 |
| 5 | 2030-31 | ₹1,50,000 | ₹72,448 | ₹9,55,954 |
| 6 | 2031-32 | ₹1,50,000 | ₹90,688 | ₹11,96,642 |
| 7 | 2032-33 | ₹1,50,000 | ₹1,10,425 | ₹14,57,067 |
| 8 | 2033-34 | ₹1,50,000 | ₹1,31,779 | ₹17,38,846 |
| 9 | 2034-35 | ₹1,50,000 | ₹1,54,885 | ₹20,43,732 |
| 10 | 2035-36 | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| 11 | 2036-37 | ₹1,50,000 | ₹2,06,937 | ₹27,30,554 |
| 12 | 2037-38 | ₹1,50,000 | ₹2,36,205 | ₹31,16,760 |
Deposits are made for the first 15 years; the balance then compounds untouched until year 21.
Understand the result
About the Sukanya Samriddhi Yojana Calculator
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for the girl child, launched under the Beti Bachao Beti Padhao campaign. A parent or guardian can open the account for a daughter below 10 at a post office or authorised bank, deposit between ₹250 and ₹1.5 lakh a year for 15 years, and the account matures 21 years after it was opened. It usually pays one of the highest rates among small savings schemes — 8.2% at present — and is fully tax-free.
This calculator projects the maturity amount, the total deposited and the interest earned, year by year, from the yearly deposit, the girl’s age and the interest rate.
How this calculator works
Sukanya Samriddhi Yojana is a government small-savings scheme for a girl child, opened by a parent or guardian before she turns 10. It carries one of the highest fixed rates the government offers, and the rate is set by the Ministry of Finance each quarter.
The structure has two distinct phases. You deposit for the first 15 years — anywhere between ₹250 and ₹1,50,000 a financial year. The account then stops accepting deposits but keeps compounding for another six years, maturing 21 years after opening. That silent tail is where a large share of the interest is actually earned.
Interest is compounded annually on the balance. Because nothing is withdrawn along the way, the effect over 21 years is substantial — deposits typically roughly triple.
The scheme is EEE: the deposit qualifies for deduction under section 80C, the interest accrues tax-free, and the maturity amount is exempt. Very few Indian instruments are tax-free at all three stages.
Formula
Years 1–15: balance = (balance + deposit) × (1 + r) Years 16–21: balance = balance × (1 + r) r = annual interest rate (currently 8.2%) Maturity = 21 years from the date of opening
Worked example
- ₹1,50,000 deposited every year for 15 years at 8.2%.
- Total deposited is ₹22,50,000.
- By year 21 the balance is roughly ₹69 lakh — over three times the amount paid in, entirely tax-free.
Maturity value for different yearly deposits
| Yearly deposit | Total deposited | Maturity amount (after 21 years) |
|---|---|---|
| ₹50,000 | ₹7,50,000 | ₹23,94,040 |
| ₹1,00,000 | ₹15,00,000 | ₹47,88,079 |
| ₹1,50,000 | ₹22,50,000 | ₹71,82,119 |
Deposits stop after 15 years, but the balance keeps earning interest for the remaining six years until maturity — which is why the maturity value is more than three times what you put in.
Key rules
- Up to two accounts per family — one per daughter — with a third allowed for twins or triplets.
- Minimum deposit ₹250 a year; maximum ₹1.5 lakh a year; the account becomes a “default” account if the minimum is missed, and can be revived with a small penalty.
- Up to 50% of the balance at the end of the previous year can be withdrawn after the girl turns 18 or passes class 10, for higher education.
- The account can be closed early after 18 for the daughter’s marriage, and in certain other circumstances such as the account holder’s death.
- Deposits qualify for Section 80C in the old regime; interest and maturity are tax-free.
Assumptions & important notes
What this calculator assumes
- The interest rate stays at the figure you enter for all 21 years. In practice the government revises it every quarter, and it has ranged from 7.6% to 9.2% since the scheme began.
- Deposits are made at the start of each financial year, which maximises the interest. Depositing later in the year earns slightly less.
- The same amount is deposited every year. Real deposits can vary between ₹250 and ₹1.5 lakh.
- No partial withdrawal is taken. Withdrawing for education would reduce the maturity amount accordingly.
Important notes
- Only two accounts are allowed per family, one per girl child, except where twins or triplets are born.
- Up to 50% of the balance can be withdrawn after the girl turns 18, for higher education.
- The account can be closed early if she marries after turning 18.
- If a year is missed, the account becomes dormant. A ₹50 penalty plus the ₹250 minimum revives it.
- Deposits qualify under section 80C, which is only available under the old tax regime.
Frequently asked questions
Who can open a Sukanya Samriddhi account?
A parent or legal guardian, for a girl child under 10, at any post office or authorised bank branch. Two accounts per family is the limit.
What happens after 15 years of deposits?
The account stops accepting deposits but continues earning interest until it matures at 21 years. Those six deposit-free years add a large share of the total interest, so closing early is usually a poor idea.
Is the maturity amount taxable?
No. The scheme is exempt-exempt-exempt: deposits qualify for 80C deduction, interest accrues tax-free, and maturity proceeds are entirely exempt from tax.
How does it compare with PPF?
SSY usually pays a slightly higher rate and has the same EEE status, but it locks the money for 21 years and can only be used for one girl child. PPF is more flexible — any adult, 15-year term, partial withdrawals from year 7.
What if I cannot deposit in a particular year?
The account goes dormant. You can revive it by paying ₹250 for each missed year plus a ₹50 penalty per year. Interest continues to accrue on the existing balance in the meantime.
What is the current Sukanya Samriddhi interest rate?
8.2% a year, as set by the government for recent quarters. The rate is reviewed every quarter and applies to the whole balance, so it can change over the life of the account.
Who operates the account once the girl grows up?
The parent or guardian operates it until she turns 18. After that, she operates it herself after submitting the required documents.
PaiseWise runs entirely in your browser — the figures you enter are never sent anywhere. Results are estimates for planning only, not financial, tax or investment advice.