How to use the Sukanya Samriddhi calculator
- Enter how much you will deposit each year (₹250 to ₹1.5 lakh).
- Set your daughter's age when the account is opened (up to 10).
- Keep the current 8.2% rate or test another.
- Read the tax-free maturity, the maturity year and the year-wise balance.
SSY maturity at 8.2%
| Yearly deposit | Deposited | Interest | Maturity (21 yrs) |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ₹3,94,570 | ₹5,74,570 |
| ₹50,000 | ₹7,50,000 | ₹16,44,040 | ₹23,94,040 |
| ₹1,00,000 | ₹15,00,000 | ₹32,88,079 | ₹47,88,079 |
| ₹1,50,000 | ₹22,50,000 | ₹49,32,119 | ₹71,82,119 |
Deposits made by 5 April each year for 15 years, at 8.2% throughout.
SSY vs PPF over 21 years
| Yearly deposit | SSY at 8.2% | PPF at 7.1% |
|---|---|---|
| ₹50,000 | ₹23,94,040 | ₹20,46,533 |
| ₹1,50,000 | ₹71,82,119 | ₹61,39,600 |
Same 15 deposits, held for 21 years (PPF extended without fresh deposits). Both are tax-free; SSY pays more but is only for a girl child and its money is meant for her education and marriage. See the PPF calculator.
How SSY interest works
Balance = (last balance + deposit) × (1 + rate)
Interest is worked out on the lowest balance between the 5th and the end of each month and credited yearly, so deposit before 5 April to earn interest for the whole year.
Frequently asked questions
What is the Sukanya Samriddhi interest rate now?
8.2% a year for October–December 2026, compounded yearly. The government reviews small savings rates every quarter; SSY has been at 8.2% since January 2024.
How much can I deposit in SSY?
At least ₹250 and at most ₹1.5 lakh in a financial year, for 15 years from the date of opening. If the minimum is missed, the account becomes inactive and can be revived with a ₹50 penalty per year.
When does the SSY account mature?
21 years from the date of opening. Deposits are needed only for the first 15 years; the balance keeps earning interest for the remaining 6 years. The account can also be closed early on her marriage after she turns 18.
Who can open an SSY account?
A parent or legal guardian, for a girl child below 10 years, at a post office or authorised bank. One account per girl, and at most two per family (three in the case of twins or triplets in the second birth).
Can I withdraw before maturity?
Up to 50% of the balance at the end of the previous financial year can be withdrawn once she turns 18 or passes Class 10, for higher education, against proof of admission or fees.
Is Sukanya Samriddhi tax-free?
Yes. Interest and maturity are tax-free, and in the old regime deposits qualify for the 80C deduction of up to ₹1.5 lakh. In the new regime there is no 80C deduction, but the interest and maturity remain tax-free.