Sukanya Samriddhi (SSY) Calculator
Maturity value of the girl-child savings scheme
Reviewed by the PaisaTools Editorial Team · Last reviewed September 2026
How to use: Enter your yearly SSY deposit and the rate — we compound it over the scheme's 21-year term and show the maturity value, deposits and tax-free interest.
Example₹50,000/year at 8.2% → about ₹24 lakh at maturity (₹7.5 lakh deposited, ₹16+ lakh tax-free interest)
Between ₹250 and ₹1,50,000 per year
Government-set, reviewed each quarter — currently 8.2%
Maturity value in 21 years
₹23,94,040
Total you deposit (over 15 yrs)
₹7,50,000
Interest earned
₹16,44,040
Why SSY is hard to beat
It's one of the highest fixed rates the government offers, the interest is fully tax-free, and deposits qualify for Section 80C (up to ₹1.5 lakh). For a girl child's long-term goal, that combination is very tough to match.
Maturity is an estimate assuming a deposit at the start of each year and a constant rate. The actual figure varies with deposit dates and the government's quarterly rate revisions.
The Sukanya Samriddhi Yojana is one of the best deals the government offers for a girl child's future — a high fixed rate (currently 8.2%), fully tax-free interest, and a Section 80C deduction on deposits. This calculator shows what your contributions grow into by maturity.
The scheme's rules are fixed: you deposit for the first 15 years, and the account matures 21 years after opening. Enter your yearly deposit and the tool compounds it annually to maturity, splitting out how much you put in versus how much is tax-free interest.
Comparing it with other long-term options? See how the same money would do in a PPF account or an equity SIP — SSY usually wins on safety and tax, while equity can win on raw return over very long horizons.
Want it in a spreadsheet? Download the free Sukanya Samriddhi calculator (Excel): all 21 years with your daughter's age each year and the balance when she turns 18. Live formulas, no macros, free to share with credit (CC BY 4.0). How the sheet works.
Maturity is computed by compounding the yearly deposit annually for 15 deposit years and then to the 21-year maturity, at the rate you set (default 8.2%, the government's notified rate for the current quarter). Deposit limits (₹250–₹1,50,000/year) and the 15-year deposit / 21-year maturity structure follow the SSY scheme rules. Actual returns depend on deposit dates and the government's quarterly rate revisions; this is an educational estimate, not financial advice.
- The government can revise the rate each quarter.
- Assumes deposits within scheme limits and holding to maturity.
- What is the Sukanya Samriddhi Yojana (SSY)?
- SSY is a government-backed small-savings scheme for a girl child, opened by a parent or guardian before she turns 10. It offers one of the highest fixed rates among government schemes (currently 8.2%), the interest is fully tax-free, and deposits qualify for a Section 80C (section 123 of the new Income-tax Act, 2025) deduction. It's built for long-term goals like education and marriage.
- How is the SSY maturity amount calculated?
- You deposit every year for the first 15 years; the balance then keeps earning interest until the account matures 21 years after opening. Interest compounds annually at the government-set rate. This calculator runs that 21-year compounding on your yearly deposit and shows the maturity value, your total deposits, and the interest earned.
- How much can I deposit in SSY each year?
- A minimum of ₹250 and a maximum of ₹1,50,000 per financial year, across one account (limited to two girl children, or three in case of twins/triplets). Deposits are made for 15 years from opening; no deposit is needed in years 16–21.
- Is SSY interest taxable?
- No. SSY has EEE (exempt-exempt-exempt) status — the deposit qualifies for Section 80C, the interest is tax-free, and the maturity amount is tax-free. That's a big part of why its effective return beats many taxable alternatives.
- When can the money be withdrawn?
- The account matures 21 years after opening, or on the girl's marriage after she turns 18. A partial withdrawal of up to 50% of the previous year's balance is allowed for her higher education once she turns 18 or finishes class 10.
- Why does my maturity figure differ slightly from the bank's?
- Small differences come from deposit timing (the exact date you pay in each year affects that year's interest) and the fact that the government revises the rate every quarter, while this tool assumes a constant rate. Treat the result as a close estimate, not a guaranteed figure.
Related guides
- PPF vs FD — the safer rupee, with mathTax treatment, liquidity and effective post-tax returns compared — so you pick the right safe option.
- Best tax-saving investments under Section 80C (FY 2026-27)The full ₹1.5 lakh 80C menu — ranked by returns, lock-in and safety — and how to fill it without wasting money.
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