Sukanya Samriddhi Yojana (SSY) Calculator
Calculate Sukanya Samriddhi Yojana (SSY) maturity with our free India calculator. Enter monthly deposit and age to see projected corpus and interest earned.
About This Calculator
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme introduced under the Beti Bachao Beti Padhao initiative. It allows parents or guardians to open a savings account for a girl child and deposit funds to secure her future education and marriage expenses.
Our SSY calculator helps you estimate the maturity amount based on the girl's current age, monthly deposit amount, and the prevailing interest rate. The interest is compounded annually, and the scheme currently offers an attractive 8.2% per annum interest rate.
Key Features of SSY:
- Government-backed scheme with sovereign guarantee
- Current interest rate: 8.2% per annum (FY 2026-27)
- Maximum annual deposit: ₹1,50,000
- Minimum annual deposit: ₹250
- EEE tax status (Exempt-Exempt-Exempt)
- Deposit period: 15 years from account opening
- Maturity: 21 years from account opening
- Account can be opened for girls under 10 years of age
Benefits of SSY:
- Tax deduction under Section 80C on deposits
- Tax-free interest and maturity amount
- Higher interest rate compared to most small savings schemes
- Partial withdrawal allowed for higher education (50% after girl turns 18)
- Account can be operated from any post office or authorized bank
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the Beti Bachao Beti Padhao initiative. It allows parents or guardians to open a savings account for a girl child and deposit funds until she turns 15. The account matures 21 years from the date of opening, and the current interest rate is 8.2% per annum (as of FY 2026-27), compounded yearly.
What is the maximum deposit limit for SSY?
The minimum annual deposit for SSY is ₹250 and the maximum is ₹1,50,000 per financial year. Deposits can be made in lump sum or in installments. The account can be opened with an initial deposit of as little as ₹250.
What is the tenure of Sukanya Samriddhi Yojana?
The SSY account matures 21 years from the date of opening. However, deposits can only be made for 15 years from the account opening date. After the 15-year deposit period, the account continues to earn interest until maturity (21 years). The account can also be closed when the girl turns 18 for higher education purposes.
Who can open an SSY account?
A parent or legal guardian can open an SSY account for a girl child under 10 years of age. Only one SSY account can be opened per girl child. A family can open accounts for a maximum of two girl children (except in case of twins or triplets born in the second birth).
What are the tax benefits of SSY?
SSY offers EEE (Exempt-Exempt-Exempt) tax status. Deposits up to ₹1.5 lakh per year qualify for deduction under Section 80C. The interest earned is tax-free, and the maturity amount is also tax-free. This makes SSY one of the most tax-efficient investment options for a girl child's future.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the balance is allowed after the girl turns 18 for higher education or marriage purposes. Complete account closure before 21 years is permitted if the girl turns 18 and the account has completed 5 years from opening. Up to 25% withdrawal for education is also allowed when the girl turns 18.
What happens if the minimum deposit is not made?
If the minimum annual deposit of ₹250 is not made in any financial year, the account becomes inactive. A penalty of ₹50 per year for each year of default along with the minimum deposit is required to reactivate the account. It is important to maintain the minimum deposit to keep the account active and earning interest.
How is SSY interest calculated?
SSY interest is compounded annually. The interest rate is declared quarterly by the government. For FY 2026-27, the rate is 8.2% per annum. Interest is calculated on the minimum balance between the 5th and last day of each month and credited to the account at the end of each financial year.
Can NRIs open an SSY account?
No, SSY accounts can only be opened by residents of India. Non-Resident Indians (NRIs) are not eligible to open new SSY accounts. However, if an existing account holder becomes an NRI during the tenure, the account will continue to earn interest but no further deposits can be made after the NRI status is acquired.
Is SSY better than PPF for a girl child?
SSY offers a higher interest rate (8.2%) compared to PPF (7.1%), making it more attractive for a girl child's savings. However, SSY has specific eligibility criteria (girl child under 10) and usage restrictions (education/marriage). PPF is more flexible and can be opened for anyone. For a girl child's future, SSY is generally considered superior due to higher returns and tax benefits.