Sukanya Samriddhi Yojana Calculator

The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that helps parents build a tax-free fund for their daughter’s higher education or marriage. To see exactly how much your investment can grow, use the Sukanya Samriddhi Yojana calculator.

How Does the Sukanya Samriddhi Yojana Calculator Work?

The calculator projects the maturity corpus by taking three key inputs: the annual contribution, the applicable SSY interest rate, and the girl’s age at the time of account opening.

The calculation assumes that deposits are made at the beginning of each financial year and that interest compounds annually. The account matures 21 years from the date of opening. During the first 15 years you make regular contributions; in the remaining 6 years the balance continues to earn interest without any fresh deposits.

Input parameters

• Annual contribution – the amount you plan to deposit each year. The minimum is Rs 250 and the maximum is Rs 1,50,000. You can change this any year within the limit.
• Interest rate – the current SSY rate, which is 8.2% for the April–June 2026 quarter. The rate is set quarterly, so you can adjust it if a new rate is announced.
• Age at account opening – the girl’s age in completed years. The account can be opened from birth up to the age of 10 years.

The calculator shows the total invested, the interest earned, and the final maturity amount. It helps you compare different contribution levels and see the effect of starting early.

Current SSY Interest Rate 2026

As of the first quarter of 2026, the Sukanya Samriddhi Yojana interest rate is 8.2% per annum. The rate is reviewed every three months by the Ministry of Finance and is linked to the yields on government securities of comparable maturity.

Interest is calculated on the lowest balance in the account between the 10th and the last day of each month, but it is credited to the account annually on 31 March. For projection purposes, the calculator compounds interest once a year on the balance at the start of the year.

If the rate changes during the account tenure, the calculator can be re-run with the new figure to get an updated estimate.

Deposit Rules and Contribution Limits

• Deposit period: Contributions are mandatory for 15 years from the account opening year. No deposits are allowed after the 15th year.
• Amount range: Any amount between Rs 250 and Rs 1,50,000 per financial year.
• Flexibility: You can deposit a lump sum or make multiple deposits during the year.
• Default: If the minimum Rs 250 is not paid in a year, the account is treated as defaulted. Revival is possible by paying a penalty of Rs 50 per defaulted year along with the minimum Rs 250 for each such year.
• Number of accounts: One account per girl child; a family can open a maximum of two SSY accounts (three in case of twins or triplets).

SSY Maturity Calculation and Withdrawal Rules

The account matures on completion of 21 years from the date of opening. At maturity the entire balance – contributions plus accumulated interest – can be withdrawn tax-free.

• Partial withdrawal: up to 50% of the balance at the end of the previous financial year is allowed after the girl turns 18 or has passed the 10th standard. The withdrawal can be used for higher education expenses.
• Premature closure: allowed only in extraordinary circumstances, such as the girl’s marriage after age 18, or on compassionate grounds supported by the competent authority.

The calculator reflects the full 21-year maturity; it does not factor in partial withdrawals.

Tax Benefits on Sukanya Samriddhi Yojana

SSY enjoys EEE (Exempt-Exempt-Exempt) tax status:

• Deposits up to Rs 1,50,000 qualify for a deduction under Section 80C of the Income Tax Act.
• Interest credited every year is exempt from tax and does not need to be reported.
• The maturity proceeds, whether taken at 21 years or on premature closure in eligible cases, are fully exempt from income tax.

No other small savings scheme offers this triple exemption while targeting the girl child’s future needs.

Example: Growth of a Rs 50,000 Annual Contribution

Suppose you open an SSY account for your daughter at age 3, with an annual deposit of Rs 50,000. The interest rate stays 8.2% throughout.

• Deposits: Rs 50,000 × 15 years = Rs 7,50,000 total contribution.
• Balance after 15 years (with deposits made at the beginning of each year): approximately Rs 14,91,700.
• After a further 6 years of only interest accumulation, the maturity amount ≈ Rs 23,94,000.

The same calculator run with a higher annual contribution of Rs 1,50,000 would show a maturity corpus of over Rs 71 lakhs, illustrating how higher contributions and the power of compounding work together.

Disclaimer: The calculator provides an estimate based on the assumption that the interest rate remains constant throughout the 21-year period. Actual returns may vary because SSY interest rates are reviewed every quarter by the Government of India.