Sukanya Samriddhi Calculator
Calculate the maturity amount of Sukanya Samriddhi Yojana (SSY) — the government's girl child savings scheme with one of the highest guaranteed returns.
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How to use this calculator
- 1
Enter the annual deposit — maximum is ₹1,50,000 per year, minimum is ₹250.
- 2
Enter the girl child's current age — SSY account must be opened before she turns 10.
- 3
The current SSY rate is 8.2% p.a. — update if the government revises it quarterly.
- 4
Deposits are made for 15 years from account opening; the account matures 21 years from opening.
Frequently asked questions
Who can open an SSY account?
A parent or legal guardian can open an SSY account for a girl child below the age of 10. A maximum of two accounts can be opened — one per girl child (exception for twins/triplets as the second birth).
What are the tax benefits of SSY?
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status — the annual deposit qualifies for 80C deduction (up to ₹1.5L), the interest earned is tax-free, and the maturity amount is fully tax-exempt. This makes it the highest-returning tax-free government scheme available.
Can I withdraw before maturity?
50% of the balance at the end of the preceding financial year can be withdrawn once the girl turns 18, for higher education. Full premature closure is allowed after 18 years on marriage. Premature closure is also allowed in case of the account holder's death or extreme compassionate grounds.
What happens if I miss a deposit?
If the minimum deposit of ₹250 is not made in a year, the account is classified as "irregular" and a penalty of ₹50 per year is charged. The account can be regularised by paying outstanding deposits plus penalty.
Sukanya Samriddhi Yojana Calculator — Best return for your daughter's future
Why SSY is the best long-term saving for a girl child
SSY currently offers 8.2% p.a. with full tax exemption (EEE). Compared to PPF (7.1%) or FDs (6.5–7.5%), SSY gives the highest guaranteed, tax-free return of any government scheme. For a parent depositing ₹1.5L annually for 15 years, the maturity corpus at 8.2% is approximately ₹70+ lakh from an investment of ₹22.5L.
SSY vs mutual funds for a daughter's education
Mutual funds (especially equity) may generate higher returns (10–14%) over 15+ years, but SSY offers guaranteed, sovereign-backed returns with complete tax-free status. Many parents use both — SSY for the guaranteed floor and SIP for potential upside. SSY is particularly valuable because it uniquely combines 80C deduction, tax-free interest, and tax-free maturity.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →