Sukanya Samriddhi Yojana (SSY) Calculator
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girl children offering an industry-leading 8.20% annual compounding interest. Parents deposit between ₹250 and ₹1,50,000 per year for 15 years, with the account maturing after 21 years completely tax-free under statutory Exempt-Exempt-Exempt (EEE) status.
Sukanya Samriddhi Yojana (SSY) Calculator
Calculate maturity corpus, interest accumulation, 15-year deposit window vs 21-year maturity, and higher education withdrawal
Payable for the first 15 years. Maximum eligible under Section 80C is ₹1,50,000.
Account can only be opened before the girl child turns 10 years old.
You only make deposits for the first 15 years (until 2040). During years 16 to 21 (until 2047), you pay ₹0, but your entire accumulated balance continues to compound at 8.2% tax-free.
Sukanya Samriddhi is backed by the Government of India with statutory Exempt-Exempt-Exempt (EEE) status—meaning tax exemption at deposit (80C), tax exemption on annual compounding interest, and zero tax on the entire final maturity corpus.
How the Sukanya Samriddhi Calculation Works (Official Rules)
The mathematical compounding of Sukanya Samriddhi Yojana follows strict statutory milestones defined under the National Savings Scheme:
You must make at least one deposit (minimum ₹250, maximum ₹1.5 Lakhs) every financial year for the first 15 years.
During years 16 to 21, no fresh deposits are accepted. Your accumulated corpus compounds untouched at 8.20% per year.
Once the girl reaches age 18, parents can withdraw up to 50% of the previous year's closing balance for college tuition.
Realistic Worked Examples: Maximum ₹1.5L vs Moderate ₹50k Annual Investment
- Annual Deposit:₹1,50,000 / year
- Total Capital Deposited (15 Yrs):₹22,50,000
- Tax-Free Interest Earned:+₹49,32,000
- Maturity Corpus (at Age 22):₹71,82,000
- * Result: Wealth triples with ₹0 tax liability on the entire ₹71.8 Lakhs.
- Annual Deposit:₹50,000 / year
- Total Capital Deposited (15 Yrs):₹7,50,000
- Tax-Free Interest Earned:+₹16,44,000
- Maturity Corpus (at Age 26):₹23,94,000
- * Result: Over ₹16.4 Lakhs in interest earnings on a ₹7.5 Lakhs deposit.
Sukanya Samriddhi vs PPF vs Child Mutual Fund SIP vs Traditional Insurance
Evaluating popular savings and investment options available in India for securing a daughter's education and wedding:
| Investment Vehicle | Interest / Return | Tax Treatment | Deposit Period | Maturity Horizon | Risk Profile |
|---|---|---|---|---|---|
| Sukanya Samriddhi (SSY) | 8.20% p.a. (Govt Fixed) | EEE (100% Tax-Free) | 15 Years | 21 Years / Age 21 | Zero (Sovereign Guaranteed) |
| Public Provident Fund (PPF) | 7.10% p.a. | EEE (100% Tax-Free) | 15 Years | 15 Years (Extendable) | Zero (Sovereign Guaranteed) |
| Mutual Fund Child SIP | 12% – 14% (Market Linked) | 12.5% LTCG above ₹1.25L | Flexible | Flexible | Moderate to High (Market) |
| Traditional Insurance Plans | 5.0% – 5.5% IRR | Sec 10(10D) Tax-Free | 10 to 20 Years | Fixed Policy Term | Low (Insurer Guaranteed) |
Common Questions & Answers (English & हिंदी)
Clear answers to common questions in your preferred language.
Frequently Asked Questions on Sukanya Samriddhi Yojana (SSY)
Q:What is the current interest rate for Sukanya Samriddhi Yojana (SSY)?
The Government of India notifies an interest rate of 8.20% per annum for Sukanya Samriddhi Yojana, compounded annually. It is the highest guaranteed interest rate offered across all sovereign small savings schemes, significantly outpacing Public Provident Fund (PPF at 7.10%) and bank fixed deposits.
Q:How long do I have to deposit money in a Sukanya Samriddhi account?
Deposits are required only for the first 15 years from the date of account opening. From year 16 until the 21st year (maturity), you do not make any deposits, but your entire accumulated corpus continues to earn 8.20% compounding interest every single year.
Q:How much maturity amount will I get if I deposit ₹1.5 Lakhs every year?
If you invest the maximum statutory limit of ₹1,50,000 annually for 15 years (total capital deposited: ₹22,50,000), the estimated maturity amount after 21 years is approximately ₹71.82 Lakhs at the current 8.20% rate. This reflects over ₹49.32 Lakhs in purely tax-free interest earnings (a 3.2x wealth multiplier).
Q:Can I withdraw money before 21 years for higher education?
Yes. Once the girl child turns 18 years old or passes the 10th standard, a partial withdrawal of up to 50% of the account balance at the end of the preceding financial year is permitted exclusively to fund higher education fees or university admissions.
Q:What is the new rule regarding SSY accounts opened by grandparents?
Under Ministry of Finance regularisation guidelines (SB Order No. 05/2024), Sukanya accounts opened by grandparents (where biological parents are living) must be formally regularised by transferring guardianship to the natural parents or legal guardian. The existing account will not be closed or penalised, but parents must complete KYC documentation at the branch.
Q:What is the tax status of Sukanya Samriddhi Yojana under the Income Tax Act?
SSY enjoys the highest sovereign tax privilege—Exempt-Exempt-Exempt (EEE) status: (1) Deposits up to ₹1.5 Lakhs qualify for deduction under Section 80C. (2) The annual compounding interest is 100% tax-free. (3) The entire final maturity corpus withdrawn at 21 years is completely exempt from income tax.
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