Sukanya Samriddhi Yojana Calculator

What is Sukanya Samriddhi Yojana Calculator?

Sukanya Samriddhi Yojana calculator computes the maturity amount for a girl child savings account under the SSY scheme. Sukanya Samriddhi Yojana was launched by the Government of India in 2015 under the Beti Bachao Beti Padhao initiative. Parents or legal guardians open the account in the girl child's name before she turns 10. The account runs for 21 years from the date of opening.

Deposits can only be made during the first 15 years. Interest accrues on the balance for the full 21-year term. At 8.2% compounded annually, the balance grows substantially in years 16 to 21 even without new deposits.

How does it work?

Enter the annual deposit (₹250 to ₹1,50,000), the girl's current age, and the interest rate (prefilled at 8.2%). The calculator runs the formula for all 21 years. For years 1 to 15, each year's opening balance plus the annual deposit earns interest at the given rate. For years 16 to 21, no deposit is added. Interest continues on the accumulated balance from year 15.

The formula for each year is: balance = (previous balance + deposit) × (1 + rate / 100). The year-by-year table shows the deposit, interest earned, and closing balance for all 21 years. Rows for years 16 to 21 are highlighted to show the no-deposit phase clearly.

Maturity age is the girl's current age plus 21. A girl who is 3 years old when the account opens will receive the maturity amount at age 24.

Sukanya Samriddhi Yojana in India

SSY accounts can be opened at any post office or authorised bank in India. Authorised banks include SBI, PNB, Bank of Baroda, Canara Bank, ICICI Bank, HDFC Bank, and Axis Bank. A family can open at most two SSY accounts, one per girl child. Twins or triplets allow an exception for the third child.

SSY has EEE (Exempt-Exempt-Exempt) tax status. Deposits of up to ₹1.5 lakh per year qualify for Section 80C deduction. Interest earned each year is exempt. The maturity amount is also tax-free. No other savings product available to retail investors currently combines 8.2% guaranteed return with full EEE status.

Partial withdrawal of up to 50% of the balance is allowed after the girl turns 18 for higher education expenses. Full premature closure is allowed on the girl's marriage after age 18. Premature closure for other reasons requires approval and pays a lower rate of interest.

The government reviews the SSY rate quarterly. Between 2015 and 2025, the rate has ranged from 7.6% to 9.2%. Rate changes apply to the full balance from the quarter of revision, not just new deposits. Using the current 8.2% gives a baseline estimate. The actual maturity amount may be higher or lower depending on future rate revisions.

Tips to get the best results

• Deposit before 5 April each financial year. SSY interest is calculated on the lowest balance between the 5th and the end of the month. Depositing after the 5th forfeits one month of interest.
• Deposit the maximum ₹1,50,000 per year if possible. EEE status means every rupee of interest is yours to keep. The Section 80C deduction also reduces your tax liability each year.
• Open the account as early as possible. A girl enrolled at birth gets the full 15-year deposit window and benefits from compounding for 21 years. Opening at age 9 allows only 6 deposit years.
• Track the quarterly interest rate announcements from the Ministry of Finance. SSY rates are declared alongside PPF and other small savings scheme rates, usually in the first week of each quarter.