Calculate the maturity amount, interest earned, and yearly deposit growth for your Sukanya Samriddhi Yojana (SSY) account.
A Sukanya Samriddhi Yojana (SSY) account can only be opened for a girl child who is 10 years of age or younger. The projections below are calculated assuming the account was opened at age 10 or younger.
| Period | Starting Balance | Yearly Deposit | Interest Earned | Ending Value |
|---|
Under SSY rules, the girl child is entitled to withdraw up to 50% of the accumulated corpus at age 18 for education.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme under the "Beti Bachao Beti Padhao" initiative, offering one of India's highest tax-free government interest rates (8.2% p.a.).
An online calculator that computes total compound interest accrued over a 21-year maturity period based on annual deposits made during the first 15 years.
Calculated for an annual deposit of ₹1,00,000 for 15 years at 8.20% p.a. interest, maturing at 21 years:
Input yearly deposit (min ₹250, max ₹1,50,000).
Input child's age (0 to 10 years at account opening).
Review total tax-free maturity and 50% education access at age 18.
Sukanya Samriddhi Yojana (SSY) compounds interest annually on deposits made for up to 15 years. The account matures after 21 years from account opening, accumulating tax-free retur...
SSY is a dedicated savings scheme launched by the Government of India under the "Beti Bachao Beti Padhao" initiative. It helps parents build a dedicated corpus to fund their daughter's future higher education and marriage expenses.
The scheme offers a competitive interest rate compared to other small savings instruments. The interest is compounded annually and accumulates rapidly over the 21-year maturity period.
SSY offers Exempt-Exempt-Exempt (EEE) tax benefits. Contributions up to ₹1.5 Lakh qualify for deductions under Sec 80C, the interest earned is tax-exempt, and the final maturity amount is completely tax-free.
With deposits required for 15 years and a lock-in period of 21 years (or until marriage after age 18), the scheme ensures that your savings grow undisturbed, leveraging the power of long-term compounding.
Quick answers about how this tool works.
The maximum deposit limit in an SSY account is ₹1,50,000 per financial year, while the minimum required deposit is ₹250 per year.
Deposits need to be made for 15 years from the date of account opening. The account matures after 21 years.
Partial withdrawal of up to 50% of the balance is permitted for the girl child's higher education after she turns 18 or passes 10th standard.
No. Sukanya Samriddhi Yojana falls under EEE (Exempt-Exempt-Exempt) status. Deposits, interest earned, and maturity proceeds are 100% tax-exempt.
An SSY account can be opened for a girl child from her birth up to the age of 10 years.
A family can open SSY accounts for a maximum of two girl children (exceptions apply for twins/triplets).
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