SSY Calculator

Sukanya Samriddhi Yojana Calculator — Plan Your Daughter’s Financial Future

SSY is one of those investments that genuinely rewards early action. The sooner you open an account after your daughter’s birth, the more years of compounding you get, and the larger the tax-free corpus at maturity. This Sukanya Samriddhi Yojana calculator helps you see exactly what your annual deposits will grow into by the time the account matures — which is 21 years from the date of account opening.

Enter your annual deposit amount, your daughter’s current age, and the prevailing SSY interest rate. The calculator shows the maturity amount, total deposits made over 15 years, and total interest earned.

How SSY Works — Key Rules You Should Know

The account can only be opened for a girl child below the age of 10. Deposits must be made for the first 15 years only — after that, the account continues to earn interest for the remaining 6 years without any further deposits, and matures at 21 years. The minimum annual deposit is ₹250 and the maximum is ₹1,50,000. Deposits below ₹250 in any year result in the account being classified as irregular, attracting a ₹50 penalty.

For maximum benefit, invest the full ₹1.5 lakh per year starting from birth. That single decision, sustained for 15 years with no action required after that, has the potential to create a corpus of over ₹69 lakh by the time your daughter turns 21.

SSY Interest Rate and EEE Tax Status

The current SSY interest rate is 8.2 percent per annum, compounded annually. This rate is among the highest available on any government-backed savings scheme in India.

SSY falls in the EEE (Exempt-Exempt-Exempt) category for taxation: annual deposits up to ₹1.5 lakh qualify for 80C deduction, the interest earned every year is tax-free, and the entire maturity amount is exempt from tax. This makes SSY one of the most tax-efficient instruments available for long-term goal-based saving.

Partial Withdrawal for Higher Education

Once the account holder turns 18, up to 50 percent of the balance as of the preceding financial year end can be withdrawn for higher education purposes — admission fees, tuition fees, or other expenses related to education. This withdrawal is available once per year, with documentation of the educational expenses.

SSY vs Other Savings Options for a Girl Child

Compared to a traditional RD or FD for a child, SSY wins on interest rate, tax efficiency, and government backing. Compared to child ULIP plans, SSY has no market risk and zero charges — all of your money goes to work. The only constraint is the long lock-in and the fact that the account is specific to one girl child per account. For parents committed to building a serious education or marriage corpus, SSY deserves to be the foundation.

Disclaimer: SSY interest rates are revised quarterly by the Government of India. Check the current rate before opening an account.