SSY Calculator

Sukanya Samriddhi Yojana — 21-year maturity projection with year-by-year breakdown

SSY Investment Details

Annual Deposit

₹

Min ₹250 · Max ₹1,50,000 per financial year

Girl's Current Age

Account can only be opened for girls under 10. Affects timeline labels.

Interest Rate (% p.a.)

8.2% for all 4 quarters of FY 2025-26 · Adjust for different scenarios

Quick Presets

SSY Maturity Value

EEE — Fully Tax-Free at All 3 Stages

Total Invested

₹7.50 L

15 years × deposit

Interest Earned

₹16.78 L

fully tax-free

Maturity Amount
₹24.28 L
2.24x invested

Maturity Year

2047

Girl's Age at Maturity

26 yrs

50% Withdrawal from

Age 18

Investment Breakdown

21-Year Growth (Principal + Interest)

Yr	Girl's Age	Deposit	Interest	Balance

Assumes constant interest rate throughout. Actual SSY rate is reviewed quarterly by the Ministry of Finance and may change.

How SSY Returns Are Calculated

Sukanya Samriddhi Yojana uses annual compounding. You deposit money for the first 15 years from when the account is opened. After year 15, no more deposits are required, but the accumulated balance keeps growing at the applicable interest rate for 6 more years until maturity at year 21.

Interest is officially calculated on the lowest balance between the 5th and last day of each month, then credited annually. In practice, making your deposit before April 5 each year ensures the full year's interest is earned on that deposit — this is the optimal deposit timing.

SSY Maturity Formula

Year-by-year calculation from account year 1 to 21:

Contribution years (Y = 1 to 15):
B_Y = (B_Y-1 + D) × (1 + r)

Dormant years (Y = 16 to 21):
B_Y = B_Y-1 × (1 + r)

Maturity Amount = B₂₁

Where B = balance, D = annual deposit, r = interest rate (e.g. 0.082), B₀ = 0. Interest earned each year = B_Y − B_Y-1 − D (for contribution years).

Example: Rs 1.5 Lakh per Year at 8.2%

Scenario: Maximum deposit (Rs 1,50,000/yr) at 8.2% · 21 years

Annual depositRs 1,50,000

Deposit period15 years

Total depositedRs 22,50,000

Interest earnedRs 46,57,432

Account matures atYear 21 (interest continues years 16–21)

Maturity amount~Rs 69,07,432

Tax at all 3 stages: Rs 0. EEE status under Income Tax Act.

Source: SSY Rules 2016 (Ministry of Finance), Section 10(11A) of the Income Tax Act, nsiindia.gov.in

SSY Interest Rate History (2015–2026)

The SSY interest rate is revised quarterly by the Ministry of Finance. It is not locked at the rate prevailing when you open the account — your account earns whatever rate is declared for each quarter.

Period	Annual Rate
FY 2015-16 (launch)	9.2%
Apr 2016 – Sep 2016	8.6%
Oct 2016 – Jun 2017	8.5%
Jul 2017 – Dec 2017	8.3%
Jan 2018 – Sep 2018	8.1%
Oct 2018 – Jun 2019	8.5%
Jul 2019 – Mar 2020	8.4%
Apr 2020 – Mar 2023	7.6%
Apr 2023 – Jun 2023	8.0%
Jul 2023 – Mar 2026 (current)	8.2%

The rate declined from 9.2% in 2015 to a low of 7.6% during 2020–2023, and has since recovered to 8.2%. Use the interest rate slider in the calculator above to model different rate scenarios.

SSY Rules, Limits & Tax Treatment

Eligibility: Girl child under 10 years of age. Indian residents only — NRIs cannot open SSY.
Maximum accounts: One per girl child, maximum two per family (three if second birth is twins/triplets).
Deposit limits: Minimum Rs 250 per year, maximum Rs 1.5 lakh per year.
Contribution period: 15 years from account opening date (Rule 4, SSY Rules 2016).
Maturity: 21 years from account opening. If no withdrawal, account earns no further interest after maturity.
Partial withdrawal: Up to 50% of balance at end of preceding FY, after girl turns 18 or passes 10th standard — for higher education only (Rule 9).
Premature closure for marriage: Allowed after girl turns 18, from 1 month before to 3 months after wedding (Rule 11).
Missed deposit: Account becomes inactive. Reactivate by paying Rs 50 penalty per defaulted year + Rs 250 minimum for each missed year.

Tax Treatment (EEE Status)

Contribution: Deductible under Section 80C up to Rs 1.5 lakh (old regime only)
Interest: Fully exempt under Section 10(11A) — not added to income
Maturity proceeds: Completely tax-free

New tax regime users: Section 80C deductions — including SSY — are not available under the new tax regime. If you are on the new regime, SSY contributions will not reduce your taxable income. The interest and maturity proceeds remain tax-free under both regimes.

Frequently Asked Questions

How is SSY maturity amount calculated?

SSY uses annual compounding. For the first 15 years, deposits are added each year and interest is applied on the growing balance. For years 16 to 21, no new deposits are made but the balance keeps compounding at the applicable rate. Maturity amount equals the 21-year compounded balance.

What is the SSY interest rate in 2026?

The SSY interest rate for all four quarters of FY 2025-26 is 8.2% per annum, compounded annually. It is set by the Ministry of Finance each quarter and is the highest rate among all government small savings schemes. The rate has ranged from 9.2% (2015) to 7.6% (2020–2023).

How much will I get if I invest Rs 1.5 lakh every year in SSY?

At 8.2% interest, investing Rs 1.5 lakh per year for 15 years gives a maturity amount of approximately Rs 69 lakh after 21 years. Total invested is Rs 22.5 lakh. Interest earned is approximately Rs 46.5 lakh. The entire maturity amount is fully tax-free.

Can I change my SSY deposit amount every year?

Yes. You only need to deposit the minimum Rs 250 per year to keep the account active. You can vary the amount from year to year as long as the total stays between Rs 250 and Rs 1.5 lakh per financial year. The calculator assumes the same deposit every year for simplicity.

Is the SSY interest rate locked in when I open the account?

No. The SSY interest rate is revised every quarter by the Ministry of Finance based on government securities yields. It is not fixed at the rate when you opened the account. Use the interest rate input above to model scenarios where the rate is lower or higher than the current 8.2%.