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Finance & Investment · Government Schemes

Sukanya Samriddhi Yojana (SSY) Calculator

Project a Sukanya Samriddhi Yojana account for your daughter: deposits for 15 years, maturity at 21 years from opening, the tax-free maturity amount, and the balance when she turns 18 (when up to half can be withdrawn for education).

Your inputs

Quick start — try a typical case

₹ 1.5 lakh

₹250 to ₹1,50,000 per financial year.

years

The account can be opened until she turns 10.

%

Current rate: 8.2 % — Oct–Dec 2026 quarter, checked 10 Oct 2026.

Your result Live

Maturity Value (tax-free)

₹71,82,119

In 2047, when your daughter is 23

Total Deposited (15 years)
₹22,50,000
Total Interest Earned
₹49,32,119
Balance When She Turns 18 (in 2042)
₹48,43,020 — up to 50 % (₹24,21,510) can be withdrawn for education
Money Multiplied
3.19×
Last Deposit Year
2040
  • Deposits · 31%₹22,50,000
  • Interest · 69%₹49,32,119
Account balance by year

Year-by-year

21 rows
YearDaughter's ageDepositInterestClosing balance
20262₹1,50,000₹12,300₹1,62,300
20273₹1,50,000₹25,609₹3,37,909
20284₹1,50,000₹40,009₹5,27,917
20295₹1,50,000₹55,589₹7,33,506
20306₹1,50,000₹72,448₹9,55,954
20317₹1,50,000₹90,688₹11,96,642
20328₹1,50,000₹1,10,425₹14,57,067
20339₹1,50,000₹1,31,779₹17,38,846
203410₹1,50,000₹1,54,885₹20,43,732
203511₹1,50,000₹1,79,886₹23,73,618
203612₹1,50,000₹2,06,937₹27,30,554
203713₹1,50,000₹2,36,205₹31,16,760

An estimate from the assumptions you entered, not a guaranteed outcome.

How this is calculated

Balanceₙ = Balanceₙ₋₁ × (1 + r) + Deposit × (1 + r) for years 1–15; Balance × (1 + r) for years 16–21

r
SSY interest rate, compounded yearly
Deposit
Yearly deposit, made at the start of the financial year (by 5 April)

Sukanya Samriddhi is a government savings scheme for a girl child. You deposit for 15 years from opening; the account keeps earning interest until it matures 21 years after opening. Deposits qualify for Section 80C (old regime), and interest and maturity are tax-free. Up to half the balance can be withdrawn once she turns 18 for higher education, and the account can be closed early for her marriage after 18.

Assumptions & sources

  • Rate: 8.2 % — Oct–Dec 2026 quarter, checked 10 Oct 2026, assumed constant; it is revised every quarter.
  • One deposit at the start of each financial year (by 5 April) for 15 years; no partial withdrawal.
  • Maturity is counted as 21 full years from the year of opening.
  1. 1Interest rates for small savings schemes (quarterly notification) — Ministry of Finance, Department of Economic Affairs. Also published by India Post and the National Savings Institute.
  2. 2Sukanya Samriddhi Account Scheme, 2019 — Ministry of Finance (Gazette notification)

Calculator ID FIN-IN-SSY-001 · version 1.0.0

Common questions

What is the current SSY interest rate?

8.2 % — Oct–Dec 2026 quarter, checked 10 Oct 2026.

How long do I need to deposit?

For 15 years from opening. After that no deposits are needed, but the balance keeps earning interest until maturity at 21 years.

Can money be withdrawn early?

Up to 50 % of the previous year's balance once she turns 18 (or passes Class 10) for higher education, and full closure for marriage after 18.