🇮🇳 India
Sukanya Samriddhi Yojana (SSY) Calculator 2025
The Sukanya Samriddhi Yojana calculator estimates the maturity value of an SSY account for your daughter using annual deposit, current age, notified interest rate, and deposit start year. It follows the core SSY rule that deposits are made for 15 years while the account earns interest until maturity around age 21. The result shows total deposited, interest earned, age-18 withdrawal reference, and a year-wise table for planning education and marriage goals.
SSY vs other government savings schemes
| Feature | SSY | PPF | NSC | FD (SBI) |
|---|---|---|---|---|
| Interest rate | 8.2% | 7.1% | 7.7% | 6.5–7% |
| Tax benefit (80C) | Yes | Yes | Yes | Yes (5yr FD) |
| Maturity | 21 years | 15 years | 5 years | 1–10 years |
| Tax on maturity | Tax-free (EEE) | Tax-free (EEE) | Taxable | Taxable |
| Who can invest | Girl child | Any individual | Any individual | Any individual |
| Minimum deposit | ₹250/yr | ₹500/yr | ₹100 | ₹1,000 |
| Maximum deposit | ₹1.5L/yr | ₹1.5L/yr | No limit | No limit |
| Premature closure | Very restricted | After 5yr | No | Penalty |
Year-wise SSY balance
| Year | Daughter's age | Annual deposit | Interest earned | Closing balance | Notes |
|---|
How to use
- Select your daughter's current age from 0 to 10 years.
- Enter the annual deposit between ₹250 and ₹1,50,000.
- Keep the default 8.2% rate or enter the latest notified SSY rate.
- Enter the deposit start year for a calendar-style year-wise table.
- Review maturity amount, age-18 withdrawal reference, chart, and year-wise balance.
Important SSY rules
- Account can be opened for a girl child aged 0 to 10 years.
- Maximum 2 accounts per family, with exception for twins or triplets.
- NRIs cannot open a new SSY account under normal scheme rules.
- Minimum deposit is ₹250/year and maximum is ₹1,50,000/year.
- Deposits are made for 15 years from account opening.
- Account matures 21 years from opening.
- Partial withdrawal up to 50% of balance is allowed after age 18 for education or marriage.
- Premature closure is very restricted and usually allowed only on compassionate grounds.
- SSY is EEE: investment, interest, and maturity are tax-free under current rules.
Formula and compounding
SSY interest is compounded annually at the government-notified rate. The practical projection is: opening balance plus current year deposit earns interest, then closing balance is carried forward. Deposits are assumed to be made for the first 15 years only. After that, no further deposit is added, but the account continues earning interest until maturity. Because compounding continues after deposits stop, early deposits are very powerful.
The calculator also estimates balance at age 18 because partial withdrawal can become relevant for education or marriage planning. It shows 50% of the age-18 balance as a reference, not as an automatic withdrawal. Actual withdrawal requires scheme conditions and documentation.
Important notes for India
- SSY rates are notified quarterly by the Government of India and can change.
- Deposits above ₹1.5 lakh per year do not qualify within the scheme limit.
- Missing minimum yearly deposit can make the account irregular until revived with penalty.
- Keep passbook entries and guardian details updated with the bank or post office.
FAQ
What is Sukanya Samriddhi Yojana and who can open the account?
Sukanya Samriddhi Yojana is a Government of India small-savings scheme meant for a girl child’s long-term education and marriage goals. A parent or legal guardian can open the account in the name of a girl child up to age 10. The scheme allows deposits within yearly limits, earns government-notified interest, and matures 21 years from account opening. It is popular because it combines a high small-savings rate, Section 80C deduction, and tax-free maturity. Families can generally open accounts for two daughters, with special rules for twins or triplets.
What is the current SSY interest rate for 2025-26?
This calculator uses 8.2% as the default SSY rate for Q1 FY2025-26, matching the notified small-savings rate used in the page assumptions. SSY rates are reviewed by the government every quarter, so future quarters can remain unchanged or be revised. The rate is annual and compounded yearly. If a new rate is notified, enter it manually in the interest-rate field before calculating. Long-term maturity can change by lakhs when the rate changes, especially when deposits are near the ₹1.5 lakh yearly maximum.
When does the SSY account mature?
An SSY account matures 21 years from the date of opening. Deposits are required only for the first 15 years, but the account continues to earn interest until maturity. If the account is opened when the daughter is age 0, maturity happens around age 21. If opened at age 8, there are fewer years until age 21 in this calculator’s age-based view, so the maturity amount is lower for the same annual deposit. Starting early gives the money more years to compound, which is the biggest advantage of SSY.
Can I withdraw money from SSY before maturity?
Partial withdrawal is allowed after the girl turns 18, generally up to 50% of the balance for higher education or marriage-related purposes, subject to documentation and scheme rules. Premature closure is restricted and generally allowed only on compassionate grounds after a specified period, such as serious illness or death of the account holder. This calculator shows the balance at age 18 and the 50% withdrawal reference amount. Treat it as a planning estimate and confirm withdrawal rules with the post office or bank where the account is maintained.
Is SSY better than PPF for saving for a daughter's future?
SSY and PPF are both high-quality government-backed savings options, but they serve different purposes. SSY is specifically for a girl child and currently offers a higher rate than PPF, with tax-free maturity and Section 80C benefit. PPF is more flexible because any eligible individual can open it and it has a 15-year maturity. SSY has stricter withdrawal rules and a longer child-linked goal. For a daughter’s education or marriage corpus, SSY can be excellent; for general family liquidity and retirement planning, PPF may be more flexible.