Sukanya Samriddhi Yojana Calculator

SSY Calculator

An SSY calculator shows what a Sukanya Samriddhi Yojana account will be worth at maturity, based on your yearly deposit and the assumed interest rate. This Sukanya calculator lets parents plan with real numbers instead of an incorrect assumption.

What Is an SSY Calculator

The Sukanya Samriddhi Yojana, or SSY, is a government savings scheme for parents or legal guardians of a girl child under 10. A Sukanya Samriddhi calculator needs three inputs: the annual deposit, between ₹250 and ₹1.5 lakh, the girl's age when the account is opened, and the current interest rate, which is 8.2% for the July to September 2026 quarter. Deposits continue for 15 years, though the account matures at 21 years, or earlier if she marries after turning 18. The interest rate changes every quarter and compounds annually, so the calculator cannot apply one formula to the total deposited. The tool calculates the future value of each year's deposit on its own, since a deposit made in year one compounds for a longer period than one made near year fifteen.

Why the Interest Rate Matters

A Sukanya Samriddhi Yojana interest rate calculator should always use the current quarterly rate, not a figure from an earlier period. The government reviews SSY rates every three months, tied to government security yields. The rate has held at 8.2% for nine straight quarters through July to September 2026, the highest guaranteed rate among small savings schemes, ahead of the Public Provident Fund at 7.1% and bank fixed deposits, which typically sit between 6% and 7.5%.

What You Get at Maturity

At the current 8.2% rate, depositing the maximum ₹1.5 lakh a year for 15 years builds a corpus of roughly ₹63 to ₹65 lakh by maturity. A smaller deposit of ₹5,000 a month, or ₹60,000 a year, builds to roughly ₹26 to ₹27 lakh over the same period. Both figures assume the rate stays unchanged, which is not guaranteed, since the government reviews it every three months.

Tax Benefits of SSY

SSY carries Exempt, or EEE, status. Deposits up to ₹1.5 lakh a year qualify for a deduction, once under Section 80C of the Income Tax Act, 1961, now under Section 123 of the Income Tax Act, 2025, for income earned from FY 2026-27 onward. Interest earned each year is tax free, and so is the maturity payout. Along with the Public Provident Fund, SSY is one of the few savings products in India that generally provides tax benefits on eligible contributions, interest and maturity proceeds, subject to the applicable tax provisions.

Withdrawal and Account Rules

Partial withdrawal opens up once she turns 18, for higher education costs. The account can also close early for marriage after age 18, with proof required. It can be transferred between post offices and banks anywhere in India without losing accrued interest. Only one account is allowed per girl child, and a family can open up to two accounts, unless twins or triplets are involved.