Sukanya Samriddhi Yojana Calculator
Calculate Sukanya Samriddhi Yojana (SSY) maturity amount with year-by-year growth at the current 8.2% interest rate.
≈ ₹5,000/month
Account matures when she turns 26
Maturity Amount (2047)
₹28.73 L
Wealth gain: +219.2%
Total deposited (15 yrs)
₹9.00 L
₹60,000/year
Total interest earned
₹19.73 L
100% tax free (EEE)
Year-by-year growth
| Year | Girl age | Deposited | Interest | Balance |
|---|---|---|---|---|
| 2026 | 6 yrs | ₹60,000 | ₹4,920 | ₹64,920 |
| 2027 | 7 yrs | ₹60,000 | ₹10,243 | ₹1.35 L |
| 2028 | 8 yrs | ₹60,000 | ₹16,003 | ₹2.11 L |
| 2029 | 9 yrs | ₹60,000 | ₹22,236 | ₹2.93 L |
| 2030 | 10 yrs | ₹60,000 | ₹28,979 | ₹3.82 L |
| 2031 | 11 yrs | ₹60,000 | ₹36,275 | ₹4.79 L |
| 2032 | 12 yrs | ₹60,000 | ₹44,170 | ₹5.83 L |
| 2033 | 13 yrs | ₹60,000 | ₹52,712 | ₹6.96 L |
SSY key rules
Interest rate is reviewed quarterly by the Ministry of Finance and can change. Calculations assume the current rate stays constant throughout. Actual returns depend on future rate revisions. Consult your nearest post office or authorized bank for account details.
About the Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana (SSY) is the highest-interest government savings scheme available in India, currently offering 8.2% p.a. - higher than PPF (7.1%), NSC (7.7%), and most bank FDs. With full EEE (Exempt-Exempt-Exempt) tax status and a maturity corpus that is 100% tax-free, it is uniquely positioned for parents planning a daughter's higher education or marriage fund. The 21-year lock-in is long, but the compounding over that period is extraordinary. A family depositing 1.5 lakh/year starting from birth can build a corpus of over 80-90 lakh by the time the daughter turns 21.
SSY Compound Interest Formula
Interest (year) = (Opening Balance + Annual Deposit) x Rate | Balance = Opening + Deposit + Interest
Deposit period: years 1-15 | No deposits: years 16-21 (interest continues compounding) | Rate: 8.2% p.a. (current, reviewed quarterly) | Maturity: year 21
Worked Example
Girl age 5, deposit 60,000/year for 15 years at 8.2%
Total deposited: 9,00,000 | Maturity amount: ~30.5 lakh (at girl's age 26) | Total interest: ~21.5 lakh | Wealth gain: 238%
Tips & Insights
- 1
Open the account as early as possible - SSY at birth vs age 5 gives 5 more years of compounding, adding 20-30% to the final corpus.
- 2
You can open SSY accounts for 2 daughters. If you have twin girls or triplets, accounts for all girls are allowed.
- 3
Missing a year makes the account inactive. Reactivate by paying 50/year penalty + minimum 250. Even a 1-year gap reduces compounding significantly.
- 4
After the girl turns 18, you can withdraw up to 50% of the balance for higher education without closing the account.
- 5
The 80C deduction for SSY contributions (up to 1.5L) can be taken by the parent, not the minor child. Combine with other 80C instruments if needed.
- 6
At marriage (after age 18), the account can be closed and corpus withdrawn tax-free. No need to wait until year 21.
Why this matters for you
India has 3.5 crore active SSY accounts, but millions of families still do not know about it or delay opening one. For a girl born today, a parent who deposits just 12,000/year (1,000/month) for 15 years can build a 13-15 lakh corpus by the time she is 21. At maximum deposit of 1.5L/year, the corpus can exceed 80-90 lakh. No other risk-free, government-backed instrument offers this combination of rate (8.2%), tax efficiency (EEE), and long-horizon compounding.
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