Sukanya Samriddhi Yojana (SSY) Calculator
Calculate government-backed 8.2% p.a. tax-free returns for your daughter's higher education and marriage goals
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 21
₹71.82 L
Matures in year 2047 when girl child reaches age 22.
Up to 50% of balance available for college expenses when she turns 18.
Invested vs Interest Breakdown
₹22.50 L
₹49.32 L
Interest makes up 68.7% of total maturity value
Year-by-Year Schedule (21 Years)
| 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 L 50% 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 |
* Highlighted rows (Years 16–21) represent the period where no further deposits are allowed, but interest continues compounding. Row with 🎓 indicates when she turns 18 and becomes eligible for 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.
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.
SSY Formula
A = P × (1 + r / n)n × t
Where:
A = Maturity amount
P = Yearly contribution deposited at start of year
r = Annual interest rate (e.g. 0.082 for 8.2%)
n = Compounding frequency per year (n = 1 for annual)
t = Total tenure (21 years, with deposits for 15 years)
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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Sukanya Samriddhi Yojana (SSY) FAQs
What is the current SSY interest rate in India?
What are the deposit and maturity tenures for SSY?
What are the tax benefits of Sukanya Samriddhi Yojana?
Who can open an SSY account and what are the limits?
What if I miss the Rs 250 minimum deposit in a year?
Can money be withdrawn for the girl's education before maturity?
What happens if the girl becomes an NRI or changes citizenship?
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