SSY Calculator (Sukanya Samriddhi Yojana) 2026
Calculate government-backed 8.2% p.a. tax-free returns for your daughter's higher education and marriage goals
₹
₹250₹1.50 L
Yrs
0 Yr9 Yrs
%
5%12%
Tenure Details: Deposits are made for 15 years.
The account matures after 21 years (in year 2047, when she turns 22). No deposits are required for the last 6 years, but interest continues to accrue.
- Total Maturity Amount at Age 22
- ₹71.82 L
- Matures in year 2047 when girl child reaches age 22.
- Total Invested (15 Yrs)
- ₹22.50 L
- Total Interest (21 Yrs)
- ₹49.32 L
- 🎓 Max Higher Education Withdrawal (at Age 18)
- ₹26.20 L
- Up to 50% of balance available for college expenses when she turns 18.
Invested vs Interest Breakdown
- Total invested (15 yrs)
- ₹22.50 L
- Interest earned (21 yrs)
- ₹49.32 L
Interest makes up 68.7% of total maturity value
Year-by-Year Schedule (21 Years)
Show as
- Year 12 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹1.50 L
- Interest Earned
- ₹12,300
- Closing Balance
- ₹1.62 L
- Year 23 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹3.00 L
- Interest Earned
- ₹25,609
- Closing Balance
- ₹3.38 L
- Year 34 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹4.50 L
- Interest Earned
- ₹40,009
- Closing Balance
- ₹5.28 L
- Year 45 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹6.00 L
- Interest Earned
- ₹55,589
- Closing Balance
- ₹7.34 L
- Year 56 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹7.50 L
- Interest Earned
- ₹72,448
- Closing Balance
- ₹9.56 L
- Year 67 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹9.00 L
- Interest Earned
- ₹90,688
- Closing Balance
- ₹11.97 L
- Year 78 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹10.50 L
- Interest Earned
- ₹1.10 L
- Closing Balance
- ₹14.57 L
- Year 89 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹12.00 L
- Interest Earned
- ₹1.32 L
- Closing Balance
- ₹17.39 L
- Year 910 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹13.50 L
- Interest Earned
- ₹1.55 L
- Closing Balance
- ₹20.44 L
- Year 1011 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹15.00 L
- Interest Earned
- ₹1.80 L
- Closing Balance
- ₹23.74 L
- Year 1112 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹16.50 L
- Interest Earned
- ₹2.07 L
- Closing Balance
- ₹27.31 L
- Year 1213 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹18.00 L
- Interest Earned
- ₹2.36 L
- Closing Balance
- ₹31.17 L
- Year 1314 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹19.50 L
- Interest Earned
- ₹2.68 L
- Closing Balance
- ₹35.35 L
- Year 1415 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹21.00 L
- Interest Earned
- ₹3.02 L
- Closing Balance
- ₹39.87 L
- Year 1516 yrs
- Deposit
- ₹1.50 L
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹3.39 L
- Closing Balance
- ₹44.76 L
- Year 1617 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹3.67 L
- Closing Balance
- ₹48.43 L
- Year 17🎓 Turns 1818 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹3.97 L
- Closing Balance
- ₹52.40 L50% max withdrawal: ₹26.20 L
- Year 1819 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹4.30 L
- Closing Balance
- ₹56.70 L
- Year 1920 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹4.65 L
- Closing Balance
- ₹61.35 L
- Year 2021 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹5.03 L
- Closing Balance
- ₹66.38 L
- Year 2122 yrs
- Deposit
- ₹0 (No deposit)
- Total Invested
- ₹22.50 L
- Interest Earned
- ₹5.44 L
- Closing Balance
- ₹71.82 L
| Year | Girl's Age (Year End) | Deposit | Total Invested | Interest Earned | Closing Balance |
|---|---|---|---|---|---|
| Year 1 | 2 yrs | ₹1.50 L | ₹1.50 L | ₹12,300 | ₹1.62 L |
| Year 2 | 3 yrs | ₹1.50 L | ₹3.00 L | ₹25,609 | ₹3.38 L |
| Year 3 | 4 yrs | ₹1.50 L | ₹4.50 L | ₹40,009 | ₹5.28 L |
| Year 4 | 5 yrs | ₹1.50 L | ₹6.00 L | ₹55,589 | ₹7.34 L |
| Year 5 | 6 yrs | ₹1.50 L | ₹7.50 L | ₹72,448 | ₹9.56 L |
| Year 6 | 7 yrs | ₹1.50 L | ₹9.00 L | ₹90,688 | ₹11.97 L |
| Year 7 | 8 yrs | ₹1.50 L | ₹10.50 L | ₹1.10 L | ₹14.57 L |
| Year 8 | 9 yrs | ₹1.50 L | ₹12.00 L | ₹1.32 L | ₹17.39 L |
| Year 9 | 10 yrs | ₹1.50 L | ₹13.50 L | ₹1.55 L | ₹20.44 L |
| Year 10 | 11 yrs | ₹1.50 L | ₹15.00 L | ₹1.80 L | ₹23.74 L |
| Year 11 | 12 yrs | ₹1.50 L | ₹16.50 L | ₹2.07 L | ₹27.31 L |
| Year 12 | 13 yrs | ₹1.50 L | ₹18.00 L | ₹2.36 L | ₹31.17 L |
| Year 13 | 14 yrs | ₹1.50 L | ₹19.50 L | ₹2.68 L | ₹35.35 L |
| Year 14 | 15 yrs | ₹1.50 L | ₹21.00 L | ₹3.02 L | ₹39.87 L |
| Year 15 | 16 yrs | ₹1.50 L | ₹22.50 L | ₹3.39 L | ₹44.76 L |
| Year 16 | 17 yrs | ₹0 (No deposit) | ₹22.50 L | ₹3.67 L | ₹48.43 L |
| Year 17🎓 Turns 18 | 18 yrs | ₹0 (No deposit) | ₹22.50 L | ₹3.97 L | ₹52.40 L50% max withdrawal: ₹26.20 L |
| Year 18 | 19 yrs | ₹0 (No deposit) | ₹22.50 L | ₹4.30 L | ₹56.70 L |
| Year 19 | 20 yrs | ₹0 (No deposit) | ₹22.50 L | ₹4.65 L | ₹61.35 L |
| Year 20 | 21 yrs | ₹0 (No deposit) | ₹22.50 L | ₹5.03 L | ₹66.38 L |
| Year 21 | 22 yrs | ₹0 (No deposit) | ₹22.50 L | ₹5.44 L | ₹71.82 L |
* From Year 16 to 21 no further deposits are allowed (shown as ₹0), but interest continues compounding. The row marked 🎓 shows when she turns 18 and becomes eligible for the 50% higher education withdrawal.
SSY Corpus Trajectory
Notice how the corpus continues rising sharply during Years 16 to 21 due to compound interest, even though deposits stop after Year 15.
SSY maturity formula, with your numbers
Standard Formula
A = P × (1 + r) × [(1 + r)^15 − 1] / r × (1 + r)^6
Live Calculation (Plugging Your Values)
Yearly deposit (P):₹1,50,000
Interest rate (r):8.2%
Substituted Equation:
₹1,50,000 × (1 + 0.082) × [(1 + 0.082)^15 − 1] / 0.082 × (1 + 0.082)^6 = ₹71,82,119
Total Maturity Amount at Age 22:₹71,82,119
Each year's deposit goes in at the start of the year and interest is credited once a year. The first part is the value of 15 such deposits at the end of year 15; the balance then compounds for 6 more years with no deposits, maturing 21 years after the account is opened.
About the Sukanya Samriddhi Yojana (SSY) Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings initiative launched as part of the "Beti Bachao, Beti Padhao" campaign. Designed specifically for the welfare and future financial security of girl children in India, it offers one of the highest government-guaranteed interest rates (currently 8.2% per annum, compounded annually).
SSY enjoys the prestigious EEE (Exempt-Exempt-Exempt) tax status. This means your annual contributions qualify for tax deduction under Section 80C, the interest earned every year is tax-free, and the final maturity amount is completely exempt from income tax.
How it Works
- Eligibility: Account can be opened for a girl child from her birth up to the age of 10 years.
- Deposit Window: Deposits are allowed for 15 years from the date of account opening.
- Maturity Period: The account matures after 21 years from the date of opening, or upon her marriage after attaining age 18.
- Investment Limits: Minimum deposit of ₹250 and maximum deposit of ₹1,50,000 per financial year.
- Compounding Interest: Interest is calculated annually and credited at the end of each financial year.
Benefits of Sukanya Samriddhi Scheme
- High Sovereign Guaranteed Returns: Backed by the Ministry of Finance, offering higher returns than PPF, FD, and standard savings schemes.
- Complete Tax Exemption (EEE): Tax-free contribution (Sec 80C), tax-free interest, and tax-free maturity payout.
- Partial Withdrawal: Up to 50% of the account balance at the end of the preceding financial year can be withdrawn for higher education expenses once the girl child turns 18 or passes 10th standard.
- Disciplined Long-term Wealth Creation: Ensures a substantial fund is ready when she reaches college age or adulthood.
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References
Sukanya Samriddhi Yojana (SSY) FAQs
What is the current SSY interest rate in India?
Sukanya Samriddhi Yojana currently pays 8.2% per annum, compounded annually. The rate is reset every quarter by the Ministry of Finance and applies to the entire balance.
What are the deposit and maturity tenures for SSY?
Deposits are required for 15 years from account opening. The account matures 21 years from opening, or earlier on the girl's marriage after age 18. Between year 15 and year 21 no deposits are needed but the balance keeps earning interest.
What are the tax benefits of Sukanya Samriddhi Yojana?
SSY is EEE. Deposits qualify for Section 80C up to ₹1,50,000 a year, the interest accrues tax-free, and the maturity amount is fully exempt — one of the few remaining fully tax-free debt instruments in India.
Who can open an SSY account and what are the limits?
A parent or guardian can open it for a girl child below 10 years, for a maximum of two girls (three if the second birth is twins). Minimum ₹250 and maximum ₹1,50,000 per financial year across all SSY accounts of that child.
What if I miss the Rs 250 minimum deposit in a year?
The account becomes a default account. To revive it, pay Rs 50 as penalty for each defaulted year plus the Rs 250 minimum for each of those years, any time before the account completes 15 years. A defaulted account that is never revived still earns the notified rate on the existing balance until maturity under current rules, but reviving is cheap and keeps the deposit discipline intact. Set a standing instruction for at least the minimum.
Can money be withdrawn for the girl's education before maturity?
Yes. Once the girl turns 18 or passes the tenth standard, up to 50% of the balance at the end of the preceding financial year may be withdrawn for higher education, against proof of admission or a fee receipt. It can be taken as a lump sum or in up to five annual instalments. The withdrawal is tax-free. The rest of the balance stays invested and keeps earning until the account matures at 21 years.
What happens if the girl becomes an NRI or changes citizenship?
The account must be closed. If the account holder becomes a non-resident or gives up Indian citizenship, the guardian is required to inform the post office or bank within one month, and the account is treated as closed from the date of the status change. Interest is not paid from that date onward. This is worth planning for in families who expect the child to study and settle abroad after 18.
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Popular deposit amounts
₹1.5 Lakh per Year (Max 80C Cap)
Tax-free 7.1% EEE maturity
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₹1 Lakh per Year
Tax-free 7.1% EEE maturity
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₹50,000 per Year
Tax-free 7.1% EEE maturity
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₹12,500 per Month (Max Monthly Cap)
Tax-free 7.1% EEE maturity
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₹10,000 per Month
Tax-free 7.1% EEE maturity
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₹5,000 per Month
Tax-free 7.1% EEE maturity
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