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Sukanya Samriddhi Yojana Calculator
Daughter's age, monthly or yearly deposit — get the exact maturity value, year-by-year compounding table, and three deposit scenarios side-by-side.
Matures in 2047 · Daughter turns 22 · 8.2% p.a. compounded annually · EEE tax status
Quick scenarios — what does ₹X/month grow to?
Year-by-year breakdown (all 21 years)
| Year | Deposit | Interest at 8.2% | Closing balance |
|---|---|---|---|
1 | ₹36,000 | ₹2,952 | ₹38,952 |
2 | ₹36,000 | ₹6,146 | ₹81,098 |
3 | ₹36,000 | ₹9,602 | ₹1,26,700 |
4 | ₹36,000 | ₹13,341 | ₹1,76,042 |
5 | ₹36,000 | ₹17,387 | ₹2,29,429 |
6 | ₹36,000 | ₹21,765 | ₹2,87,194 |
7 | ₹36,000 | ₹26,502 | ₹3,49,696 |
8 | ₹36,000 | ₹31,627 | ₹4,17,323 |
9 | ₹36,000 | ₹37,172 | ₹4,90,496 |
10 | ₹36,000 | ₹43,173 | ₹5,69,668 |
11 | ₹36,000 | ₹49,665 | ₹6,55,333 |
12 | ₹36,000 | ₹56,689 | ₹7,48,022 |
13 | ₹36,000 | ₹64,290 | ₹8,48,312 |
14 | ₹36,000 | ₹72,514 | ₹9,56,826 |
15 | ₹36,000 | ₹81,412 | ₹10,74,237 |
16 | — | ₹88,087 | ₹11,62,325 |
17 | — | ₹95,311 | ₹12,57,636 |
18 | — | ₹1,03,126 | ₹13,60,762 |
19 | — | ₹1,11,582 | ₹14,72,344 |
20 | — | ₹1,20,732 | ₹15,93,076 |
21 | — | ₹1,30,632 | ₹17,23,709 |
What makes SSY worth it
SSY is the best savings instrument available in India specifically for a daughter's long-term corpus. The combination of factors that make it exceptional:
- 8.2% with full government backing — this rate is 1.1 percentage points above PPF (7.1%) and roughly double what a large-bank FD pays on a 21-year rolling basis. It is notified by the central government every quarter and has not been cut since January 2024.
- EEE status: the rarest tax treatment — you get a Section 80C deduction on deposits (up to ₹1.5 L/yr), the interest accumulates tax-free, and the entire maturity amount is tax-free. At a 30% slab, the tax-equivalent yield is effectively higher than 11%.
- The compounding cliff at year 15 — deposits stop after year 15, but years 16–21 are where the corpus grows fastest. Your last rupee deposited in year 15 has six more years to compound. The year-by-year table above shows this inflection point clearly.
- The one honest caveat — SSY locks in your money until the account matures at 21 years (or until the girl is 18 for partial withdrawal). If liquidity matters, keep SSY for the girl's education/marriage corpus and use other instruments for your general emergency fund.
Key rules at a glance
Eligibility and account limits
- One account per girl child. Maximum two accounts per family.
- Girl must be below 10 years of age at account opening.
- Account opened by parent or legal guardian — not the girl herself.
- Third account permitted only for twins/triplets in second birth (three+ girls).
- If the girl becomes an NRI, the account must be closed and balance paid out.
Deposits: minimum, maximum, and revival
- Minimum: ₹250 per financial year. Maximum: ₹1,50,000 per financial year.
- Deposits must be made for 15 years from the date of account opening.
- You can deposit in a lump sum or in multiple instalments within the year.
- If you miss the minimum in any year: pay ₹50 penalty per defaulted year + ₹250 minimum to revive.
- Two accounts together cannot exceed ₹1,50,000/year in combined deposits.
Partial withdrawal after girl turns 18
- Permitted once the girl turns 18 or passes Class 10 (whichever is earlier).
- Maximum withdrawal: 50% of closing balance at the end of the previous financial year.
- Purpose: education or marriage expenses.
- Can be taken as a lump sum or in up to five annual instalments.
- The remaining balance continues to compound until maturity at 21 years.
Premature closure conditions
- Marriage after 18: account can be closed on the girl's marriage (not before 18).
- Death of account holder: balance paid to guardian immediately.
- Life-threatening illness: premature closure permitted with documentation.
- Guardian's death: hardship closure permitted.
- Outside these conditions, premature closure not permitted before 21 years.
Frequently asked questions
What is the current SSY interest rate in 2026?
8.2% per annum, compounded annually. This rate applies for Q1 FY 2026-27 (April–June 2026) and has been stable since January 2024. The government reviews the rate quarterly — check the Ministry of Finance gazette notification after June 2026 for any revision.
Who can open a Sukanya Samriddhi account?
A parent or legal guardian, for a girl child below 10 years of age. Maximum two accounts per family (one per girl). A third is allowed only if twins or triplets in the second birth results in three or more girls.
How is SSY maturity calculated?
Annual compounding on the sum of opening balance + annual deposit. Deposits run for 15 years; the account matures at 21 years. In years 16–21, no deposits are required — the balance grows purely through compounding.
Formula: Balance (year y) = (previous balance + deposit) × 1.082. For years 16–21, deposit = 0. The calculator above applies this formula row-by-row.
Is SSY interest taxable?
No — SSY has EEE (Exempt-Exempt-Exempt) tax status: deposits get an 80C deduction (up to ₹1.5 L/yr), interest accumulates tax-free, and the maturity payout is fully exempt. This applies under both the old and new tax regimes.
When can I withdraw from SSY?
Partial withdrawal of up to 50% of the prior year-end balance is allowed once the girl turns 18 or passes Class 10. Full closure is only permitted at maturity (21 years), on the girl's marriage after 18, or in specific hardship cases (death, life-threatening illness).
What if I miss a deposit year?
The account becomes "defaulted" if you miss the ₹250 minimum in any financial year. To revive it: pay ₹50 penalty per defaulted year, plus ₹250 minimum deposit for each missed year. The account continues to earn interest even while defaulted.
Can I open accounts for two daughters?
Yes. One account per girl child, two accounts maximum per family. Together, both accounts cannot receive more than ₹1,50,000 in deposits per financial year. Each account computes interest independently.
How does SSY compare to PPF?
Both are EEE schemes backed by the government. SSY pays 8.2% vs PPF's 7.1% (as of 2026) — a 1.1 percentage point advantage that compounds significantly over 21 years. PPF is open to anyone; SSY is restricted to girl children below 10. PPF allows up to ₹1.5 L/year for 15 years with extension options; SSY requires deposits for exactly 15 years, matures at 21. For a daughter's long-term corpus, SSY is the better choice on returns alone.
What happens if my daughter becomes an NRI?
The account must be closed. If the girl acquires NRI status or foreign citizenship after account opening, interest stops accruing from that date and the balance is paid out.
Can I open SSY at a bank, or only at a post office?
Both. Post offices and 28 authorised commercial banks (SBI, Bank of Baroda, Canara, HDFC, ICICI, Axis, Punjab National Bank, and others) can open SSY accounts. The interest rate and scheme rules are identical regardless of where the account is held.
SSY interest rate history (2014–2026)
The rate has been at 8.2% since January 2024. It peaked at 9.2% in 2014-15 and was at its lowest (7.6%) in 2020-21. As of Q1 FY 2026-27 it remains unchanged at 8.2%.
| Period | Rate (% p.a.) |
|---|---|
| FY 2014-15 (launch) | 9.1% |
| FY 2015-16 | 9.2% |
| FY 2016-17 | 8.6% |
| FY 2017-18 | 8.3% |
| FY 2018-19 (Apr–Sep 2018) | 8.1% |
| FY 2018-19 (Oct 2018–Mar 2019) | 8.5% |
| FY 2019-20 | 8.4% |
| FY 2020-21 | 7.6% |
| FY 2021-22 | 7.6% |
| FY 2022-23 | 7.6% |
| FY 2023-24 (Q1–Q3) | 8.0% |
| FY 2023-24 (Q4, Jan–Mar 2024) | 8.2% |
| FY 2024-25 | 8.2% |
| FY 2025-26 | 8.2% |
| FY 2026-27 Q1 (Apr–Jun 2026) | 8.2% ✓ |
Next rate review: July 2026 (Q2 FY 2026-27). Source: Ministry of Finance quarterly notifications.
Calculator uses the official SSY compounding formula (annual compounding, 15 deposit years, 21-year maturity). Rate source: Ministry of Finance gazette notification confirming 8.2% p.a. for Q1 FY 2026-27. National Savings Institute — SSY scheme page ↗
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