Sukanya Samriddhi Yojana (SSY) Calculator
Calculate the maturity value of a Sukanya Samriddhi account for your daughter. See the balance after 21 years, the interest earned and how much can be withdrawn for education when she turns 18.
Year-wise SSY balance
How to use this SSY calculator
- Enter your daughter’s age when you open the account. It must be below 10.
- Enter the yearly deposit, from ₹250 to ₹1.5 lakh.
- Choose when you deposit and check the interest rate, which is 8.2% for October to December 2026.
- Read the maturity value, the interest earned and the balance at age 18 for education planning.
SSY at a glance
| Feature | Detail |
|---|---|
| Who can open | A parent or guardian, for a girl child below 10 years |
| Interest rate | 8.2% for October to December 2026, reset every quarter |
| Deposit limit | ₹250 to ₹1,50,000 per financial year |
| Deposit period | 15 years from opening |
| Maturity | 21 years from opening |
| Tax | EEE: Section 80C deduction (old regime), tax-free interest and tax-free maturity |
Examples
| Yearly deposit | Total deposited (15 years) | Maturity value (21 years) | Interest earned |
|---|---|---|---|
| ₹1,00,000 | ₹15,00,000 | ₹47,88,079 | ₹32,88,079 |
| ₹1,50,000 | ₹22,50,000 | ₹71,82,119 | ₹49,32,119 |
These figures assume the account is opened at the start of a financial year, a lump-sum deposit before 5 April each year, and a constant 8.2% rate. After the 15th year, no more deposits are needed, but the balance keeps earning interest until the account matures in year 21.
Withdrawals and closure
- For education or marriage: after the girl turns 18 or passes Class 10, up to 50% of the balance at the end of the previous financial year can be withdrawn.
- Premature closure on marriage: allowed after she turns 18, with conditions.
- Number of accounts: generally one per girl child and up to two per family, with an exception for twins or triplets.
- Missed deposits: a minimum deposit is needed each year, or the account becomes inactive and needs a small penalty to revive.
Rules are administered by banks and post offices, so confirm the current conditions with your branch.
Tips to maximise SSY
- Deposit before 5 April if you can. Interest is calculated on the lowest balance between the 5th and the end of each month, so an early lump sum earns more.
- Start early. The earlier the account opens, the more years the balance compounds.
- Pair it with other goals. SSY covers a stable, low-risk portion. For higher growth, see the step-up SIP calculator.
Limitations
The calculator assumes the rate you enter stays constant for 21 years. The government reviews the SSY rate each quarter, so actual maturity can differ. It also assumes deposits start at the beginning of a financial year.
Frequently asked questions
What is the SSY interest rate now?
8.2% a year for October to December 2026. The government reviews the rate every quarter.
How long do I need to deposit in SSY?
For 15 years from opening. The account then continues to earn interest until it matures at 21 years.
When can I withdraw money from SSY?
After the girl turns 18 or passes Class 10, up to 50% of the previous year’s closing balance can be withdrawn for education.
Is SSY interest taxable?
No. Interest and maturity proceeds are tax-free, and deposits qualify for Section 80C in the old tax regime.
Can I open SSY for more than one daughter?
Generally yes, up to two accounts per family, or three if the second birth is twins or triplets.
Last updated: 13 November 2026. This calculator is for education and estimation only and is not tax, legal or financial advice. Rules and interest rates change; verify the current position with the official source or a qualified professional before making decisions.