📊 Sukanya Samriddhi Yojana (SSY) Calculator
Calculate SSY maturity amount, interest earned & yearly breakdown at 8.2% interest rate
📋 SSY Investment Details
📌 Deposit Period
15 years from account opening. After that, only interest accrues till maturity.
📌 Maturity
Account matures 21 years from opening or on marriage after age 18.
📌 Tax Benefits
EEE status: Investment (80C), interest & maturity all tax-free.
📌 Min/Max Deposit
Min: ₹250/year, Max: ₹1,50,000/year
📊 SSY Maturity Results
📅 Year-wise Breakdown
| Year | Deposit | Interest | Balance |
|---|
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao initiative exclusively for the girl child. It offers one of the highest interest rates among government savings schemes at 8.2% per annum (2025-26) with complete tax-free returns under the EEE (Exempt-Exempt-Exempt) category.
The scheme encourages parents to save for their daughter’s education and marriage expenses. A Sukanya Samriddhi calculator helps you estimate the maturity amount, total interest earned, and year-wise growth of your SSY investment.
Key Features of Sukanya Samriddhi Yojana
| Feature | Details |
|---|---|
| Interest Rate | 8.2% per annum (Q1 2025-26), compounded annually |
| Minimum Deposit | ₹250 per year |
| Maximum Deposit | ₹1,50,000 per year |
| Deposit Period | 15 years from account opening |
| Maturity Period | 21 years from account opening |
| Eligibility | Girl child below 10 years of age |
| Accounts per Family | Maximum 2 (for 2 girl children) |
| Tax Benefit | EEE status — Section 80C deduction + tax-free interest + tax-free maturity |
| Partial Withdrawal | 50% after girl turns 18 for education |
| Premature Closure | Allowed for marriage after age 18 or medical emergency |
SSY Interest Rate History
| Period | Interest Rate |
|---|---|
| Q1 FY 2025-26 | 8.2% |
| Q4 FY 2024-25 | 8.2% |
| Q3 FY 2024-25 | 8.2% |
| Q2 FY 2024-25 | 8.2% |
| Q1 FY 2024-25 | 8.2% |
| FY 2023-24 | 8.0% |
| FY 2022-23 | 7.6% |
| FY 2020-21 | 7.6% |
| FY 2019-20 | 8.4% |
SSY Maturity Calculation Formula
Where: A = Maturity amount, P = Yearly deposit, r = Annual interest rate, n = Number of deposit years
Note: After the 15-year deposit period, the remaining balance earns compound interest for 6 more years until maturity at year 21.
SSY Calculation Example
Total Deposits (15 years): ₹22,50,000
Total Interest Earned: ≈ ₹46,77,578
Maturity Amount (at age 22): ≈ ₹69,27,578
Your investment almost triples thanks to the power of compounding over 21 years!
Eligibility Criteria for SSY
- Girl Child’s Age: Must be below 10 years at the time of account opening
- Opened By: Natural or legal guardian on behalf of the girl child
- Accounts Limit: Maximum 2 accounts per family (exception for twins/triplets)
- Nationality: Only Indian residents
- Where to Open: Any post office or authorized commercial bank
Tax Benefits of SSY
- Section 80C Deduction: Deposits up to ₹1.5 lakh qualify for tax deduction
- Interest Earned: Completely tax-free throughout the tenure
- Maturity Amount: Entirely tax-free at withdrawal
SSY vs Other Investment Options
| Feature | SSY | PPF | FD | NPS |
|---|---|---|---|---|
| Interest Rate | 8.2% | 7.1% | 6-7.5% | 8-10% (market-linked) |
| Tax Benefit | EEE | EEE | Only 80C (5yr FD) | 80CCD(1B) extra ₹50K |
| Lock-in | 21 years | 15 years | 5 years (tax-saving) | Till age 60 |
| Risk | Zero | Zero | Very Low | Market-linked |
| Eligibility | Girl child < 10 | Any Indian | Anyone | Age 18-70 |
| Max Deposit | ₹1.5L/year | ₹1.5L/year | No limit | No limit |
Documents Required to Open SSY Account
- Girl child’s birth certificate
- Parent/guardian’s identity proof (Aadhaar, PAN, Voter ID)
- Parent/guardian’s address proof
- Passport-size photographs of parent/guardian and child
- Medical certificate (in case of twin/triplet girls for 3rd account)
SSY Withdrawal Rules
Partial Withdrawal
- Allowed after the girl child turns 18 years
- Maximum 50% of the balance at the end of preceding financial year
- Only for higher education purposes (admission proof required)
- Can be withdrawn in lump sum or in installments (max 5 years)
Premature Closure
- Allowed for marriage after age 18 (1 month before to 3 months after)
- In case of medical emergency or death of the account holder
- If guardian dies, girl can operate herself or close the account
Frequently Asked Questions (FAQs)
Q1. What is Sukanya Samriddhi Yojana?
SSY is a government savings scheme for girl children under Beti Bachao Beti Padhao. It offers 8.2% interest with EEE tax benefits. Account can be opened for girls up to age 10.
Q2. What is the current SSY interest rate?
Sukanya Samriddhi Yojana interest rate is 8.2% per annum for 2025-26, one of the highest government scheme rates. Rate is reviewed quarterly.
Q3. What is the SSY maturity period?
SSY account matures 21 years from opening or upon marriage after age 18. Deposits are required only for first 15 years; interest accrues for remaining 6 years.
Q4. Is SSY tax-free?
Yes, SSY has EEE status: deposits up to ₹1.5 lakh qualify for Section 80C, interest earned is tax-free, and maturity amount is completely tax-free.
Q5. Can I withdraw from SSY before maturity?
Partial withdrawal up to 50% is allowed for higher education after the girl turns 18. Premature closure is allowed for marriage after age 18 or in case of medical emergency.
Q6. What is the minimum deposit for SSY?
The minimum deposit is ₹250 per year. If minimum deposit is not maintained, a penalty of ₹50 per year is charged for reactivation.
Q7. Can I open SSY account online?
Some banks like SBI, ICICI, Axis offer online SSY account opening. You can also open it at any India Post Office.
Q8. How many SSY accounts can be opened?
Maximum 2 accounts per family for 2 girl children. An exception exists for twin or triplet girls (3rd account allowed with medical certificate).
Q9. What happens if I stop depositing in SSY?
If you miss the minimum annual deposit of ₹250, the account becomes dormant. To reactivate, pay ₹50 penalty per year of default plus minimum deposit for each missed year.
Q10. Can NRI open SSY account?
No, SSY accounts are only for Indian residents. If the account holder or guardian becomes NRI, the account continues to earn interest but no new deposits are allowed.
Conclusion
Sukanya Samriddhi Yojana is one of the best government-backed savings schemes for girl children in India. With 8.2% interest rate, EEE tax benefits, and government guarantee, it offers a secure and rewarding way to save for your daughter’s future. Use our SSY calculator to plan your deposits and estimate the maturity amount for your girl child.