Sukanya Samriddhi Yojana (SSY) Calculator
Calculate the maturity value of a Sukanya Samriddhi account, with deposits, interest and your daughter's age each year.
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This Sukanya Samriddhi Yojana calculator estimates how much an SSY account opened for your daughter will pay out when it matures. You enter a yearly deposit, her age and the opening year; the result shows the maturity amount and year, the tax-free interest and a year-by-year table with her age.
The four inputs and how the tool reads them
- Yearly deposit: ₹250 to ₹1,50,000, the scheme's limits for a financial year; other amounts are rejected. Actual deposits must be in multiples of ₹50, which the calculator does not check.
- Daughter's age when the account is opened: in completed years, so 2.7 is treated as 2. Scheme rules allow an account only for a girl who has not yet turned 10, so an age of 10 or more, or a negative one, shows "An SSY account can only be opened before your daughter turns 10."
- Year of opening: 2015 or later, up to ten years ahead of the current year. It labels the table rows and sets the maturity year, the opening year plus 21.
- Interest rate: starts at 8.2%, the rate for October–December 2026; only rates from 0% to 15% are accepted.
Why the account runs for 21 years but takes deposits for only 15
Deposits are accepted until 15 years from the date of opening, and the account matures 21 years from that date. The calculator follows this pattern: in years 1 to 15 it adds your deposit at the start of the year and applies the rate to the whole balance; in years 16 to 21 nothing goes in and the balance alone keeps earning the rate.
The real account works out interest monthly on the lowest balance between the 5th and the month end, and credits it at the end of each financial year, rounded to the nearest rupee. A full deposit by 5 April is the best case; money paid in later earns less than the tool shows.
Example: ₹1.5 lakh a year for a one-year-old, opened in 2026
Year 1: ₹1,50,000 × 8.2% = ₹12,300, so the balance is ₹1,62,300. Year 2: (₹1,62,300 + ₹1,50,000) × 8.2% = ₹25,609, making ₹3,37,909. After the 15th deposit and that year's interest, the balance is ₹44,75,989. The next six years multiply it by 1.082^6 = 1.6045881, giving ₹71,82,119 in 2047, when she is 22.
| Year starting (her age) | Deposit | Interest | Year-end balance |
|---|---|---|---|
| 2026 (1) | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2035 (10) | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| 2040 (15) | ₹1,50,000 | ₹3,39,215 | ₹44,75,989 |
| 2041 (16) | ₹0 | ₹3,67,031 | ₹48,43,020 |
| 2046 (21) | ₹0 | ₹5,44,301 | ₹71,82,119 |
As in the calculator, each row shows the year and her age when that account year begins, and the balance at its end. Deposits total ₹22,50,000 and interest ₹49,32,119, about 69% of the payout; the six deposit-free years alone add ₹27,06,130. At ₹5,000 a month (₹60,000 a year) for a four-year-old, the account reaches ₹28,72,848. If the rate fell back to 7.6%, the ₹1.5 lakh plan would give ₹65,93,071.
Her age changes when she gets the money, not how much
For the same deposits and rate, the maturity value is identical whether you open the account at birth or at nine, because the term is always 21 years. Opened at one, it matures when she is 22; opened at nine, when she is 30. Education withdrawals start once she turns 18 or passes Class 10, whichever comes first, so an account opened early has had more years to grow by the time college fees are due.
Withdrawals, early closure and missed deposits
- Higher education: up to 50% of the balance at the end of the previous financial year, against an admission offer or fee slip, in one go or up to five yearly instalments, limited to the actual fees. In the example, the balance after year 17 is ₹52,40,148, so the ceiling at 18 would be about ₹26.2 lakh.
- Marriage: early closure is allowed once she is 18, with the request made no earlier than one month before and no later than three months after the wedding.
- Other closure: on her death, or after five years on compassionate grounds such as a life-threatening illness.
- Missed year: if less than ₹250 goes in during a financial year, the account is in default. You can regularise it within the 15-year deposit period by paying ₹250 for each missed year plus a ₹50 penalty per year.
The calculator assumes none of these happen and that every deposit is made on time.
SSY rate history and tax treatment in Tax Year 2026-27
The SSY rate is 8.2% for October–December 2026, unchanged since 1 January 2024; it was 8.0% for April–December 2023 and 7.6% from April 2020 to March 2023. The government reviews it every quarter, and a revision applies to the existing balance too.
Deposits count under Section 80C (section 123 of the Income-tax Act, 2025) only if the parent claiming them uses the old regime, and the ₹1.5 lakh deduction cap is shared with PPF, EPF and other 80C items. Interest and the maturity amount are tax-free under Schedule II of the new Act in either regime. Full rules are on the National Savings Institute SSY page. For comparison, the PPF calculator turns the same ₹1.5 lakh a year into ₹40,68,209 after 15 years at 7.1%, against ₹44,75,989 in SSY at the 15-year mark. Use the output as a planning estimate, not as financial or tax advice.