See exactly how much your daughter's SSY account will be worth at maturity
Enter your yearly deposit, your daughter's current age, and the current interest rate — this Sukanya Samriddhi Yojana calculator instantly shows your total deposits, the interest earned, and the tax-free maturity amount you'll receive when the account completes 21 years.
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- Deposit ₹1,00,000 every year for 15 years (total invested: ₹15,00,000)
- Account matures after 21 years from opening
- Estimated maturity value ≈ ₹45.5 lakh
- Interest earned ≈ ₹30.5 lakh — completely tax-free (EEE status)
Minimum deposit: ₹250/year · Maximum: ₹1,50,000/year · Current rate: 8.2% p.a. (Q1 FY 2025-26)
Source: India Post / Ministry of Finance
How to use this Sukanya Samriddhi calculator
- Enter your yearly deposit amount — anything from ₹250 to ₹1,50,000.
- Enter your daughter's current age — the account must be opened before she turns 10.
- Enter the interest rate — the government sets this every quarter; it is 8.2% for Q1 FY 2025-26.
- The calculator instantly shows: total amount deposited, total interest earned, and your final maturity value.
- Use the year-by-year breakdown chart to see how the balance grows over time.
Worked example — ₹50,000 deposited every year
Suppose you open an SSY account for your 3-year-old daughter today and deposit ₹50,000 every year at 8.2% p.a.
| Detail | Amount |
|---|---|
| Annual deposit | ₹50,000 |
| Years of deposit (mandatory) | 15 years |
| Total amount deposited | ₹7,50,000 |
| Account matures when she turns | 24 years old (21 years from opening) |
| Estimated interest earned | ≈ ₹15,22,000 |
| Estimated maturity value | ≈ ₹22,72,000 |
| Tax on maturity amount | ₹0 (EEE — fully tax-free) |
You stop depositing after 15 years, but the balance keeps earning compounded interest for another 6 years until the account matures. That silent compounding period is where a big chunk of the growth happens.
How the maturity value is calculated
SSY uses annual compounding. The interest is calculated on the end-of-year balance and credited once a year. The formula for each year's closing balance is:
Closing Balance = (Opening Balance + Deposit for the year) × (1 + r)
where r = annual interest rate (e.g. 0.082 for 8.2%)This repeats for all 21 years (deposits only in years 1–15; no new deposits in years 16–21, but interest continues). The final closing balance in year 21 is your maturity amount.
Year-by-year snapshot (₹50,000/year, 8.2%)
| Year | Deposit (₹) | Interest Earned (₹) | Closing Balance (₹) |
|---|---|---|---|
| 1 | 50,000 | 4,100 | 54,100 |
| 5 | 50,000 | 24,300 (approx) | 3,25,600 (approx) |
| 10 | 50,000 | 57,200 (approx) | 7,54,500 (approx) |
| 15 | 50,000 | 97,800 (approx) | 13,72,500 (approx) |
| 16–21 | 0 (no deposit) | compounding | grows to ≈ ₹22,72,000 |
Key SSY rules and limits for FY 2025-26
- Who can open: A parent or legal guardian, for a girl child who is below 10 years of age.
- Minimum deposit: ₹250 per year. If you skip a year, a penalty of ₹50 is added and you must deposit the minimum to reactivate.
- Maximum deposit: ₹1,50,000 per year (deposits above this do not earn interest).
- Deposit period: You must deposit for 15 years from the date of account opening.
- Maturity: The account matures 21 years from the date of opening, or on her marriage after age 18 — whichever is earlier.
- Partial withdrawal: Up to 50% of the balance can be withdrawn after the girl turns 18, for education or marriage expenses.
- Current interest rate: 8.2% per annum for Q1 FY 2025-26 (April–June 2025). The government reviews it every quarter.
- Tax benefit (EEE): Deposits qualify for Section 80C deduction up to ₹1,50,000 per year. Interest earned and the maturity amount are both tax-free. This triple-exempt (EEE) status makes SSY one of the most tax-efficient savings options available.
- Where to open: Any post office branch or authorised bank (SBI, HDFC, ICICI, PNB, etc.).
- Maximum accounts: One account per girl child, maximum two accounts per family (three if twins/triplets are born in the second birth).
For the official interest rate notification and scheme details, see the India Post Savings Schemes page or the Ministry of Finance circular.
Practical tips to get the most from your SSY account
- Deposit early in the financial year. SSY interest is calculated on the lowest balance between the 10th and last day of the month. Depositing before the 10th of April each year means your full deposit earns interest for the entire year.
- Max out ₹1,50,000 every year if you can. Because the interest compounds for up to 21 years, depositing the full amount early makes a large difference to the final maturity value.
- Don't miss a year. A missed year activates the penalty and breaks the compounding chain. Set a bank standing instruction so the transfer happens automatically every April.
- The rate can change. The calculator uses the rate you enter. If the government revises the rate in future quarters, your actual returns will differ. Use the current rate (8.2%) as your base and recheck quarterly.
- Combine with 80C planning. If you also invest in PPF, ELSS, or LIC, remember the total Section 80C limit is ₹1,50,000 per year across all instruments. SSY deposits count within that same cap.
- This calculator gives estimates. Actual maturity amounts depend on the interest rate in each quarter, the exact date of deposit, and any policy changes by the government.
SSY vs. other long-term savings options
| Feature | SSY (FY 2025-26) | PPF | ELSS |
|---|---|---|---|
| Interest / Return | 8.2% (guaranteed) | 7.1% (guaranteed) | Market-linked (~12% historical) |
| Lock-in | 21 years from opening | 15 years | 3 years |
| Tax on maturity | Fully tax-free (EEE) | Fully tax-free (EEE) | LTCG above ₹1.25 lakh taxed at 12.5% |
| Eligibility | Girl child below 10 | Any individual | Any individual |
| Max annual investment | ₹1,50,000 | ₹1,50,000 | No limit (80C only on first ₹1.5 L) |
SSY offers a higher guaranteed rate than PPF and complete tax-exemption — making it a strong choice specifically for your daughter's future education or marriage fund.
Start the calculation above, tweak the numbers, and see how even a small yearly deposit grows into a meaningful corpus by the time your daughter is ready to step out into the world.