SSY Calculator

Q: What if I miss a year's deposit?

The account becomes irregular but can be revived by paying Rs 50 per defaulted year plus the minimum Rs 250 deposit.

What will your Sukanya Samriddhi Yojana account be worth when it matures? Enter your daughter's age and yearly deposit — the 15-year deposit window and 21-year maturity are built in. Free, private, no signup.

Your SSY account

Yearly deposit (₹) ₹250 minimum, ₹1.5 lakh maximum per year.

Girl's age now Account must be opened before she turns 10.

Interest rate (% per year) Current: 8.2% (Oct–Dec 2026 quarter; revised quarterly).

At maturity (21 years)

You deposited (15 years)-

Interest earned (tax-free)-

Matures in year-

How the account grows

Deposits stop after year 15 — the last 6 years are pure compounding.

How SSY actually works

Sukanya Samriddhi Yojana is a government savings scheme for a girl child's education and marriage. You deposit every year for 15 years; the account then keeps compounding untouched until 21 years from opening, when it matures. The last 6 years — with zero new deposits — are where compounding quietly does its best work.

Open early, deposit the max. An account opened at birth with ₹1.5 lakh/year reaches about ₹71.8 lakh at 8.2%. Open it at age 5 instead and you lose 5 full years of compounding on every deposit — the gap is lakhs, not thousands.
Fully tax-free (EEE). Deposit qualifies for 80C deduction, interest is tax-free, maturity is tax-free. One of the very few truly EEE instruments left.
Education withdrawal at 18. Up to 50% of the balance can be withdrawn once she turns 18 for higher education — the rest keeps compounding to 21.

The rate is not fixed

SSY's rate is revised every quarter by the Finance Ministry (currently 8.2%, unchanged for 10 straight quarters). This calculator applies one rate across all years as an illustration — if rates fall later, the real maturity will be lower. Re-run yearly with the prevailing rate.

FAQs

Who can open an SSY account?

A parent or legal guardian for a girl child below age 10. Only one account per girl, and a family can open at most two (three in case of twins/triplets).

What if I miss a year's deposit?

The account becomes irregular but can be revived by paying ₹50 per defaulted year plus the minimum ₹250 deposit. Don't let it lapse — the compounding break costs more than the penalty.

Can I close the account early?

Premature closure is allowed after 5 years only on compassionate grounds (e.g. life-threatening illness). On marriage after age 18, the account can be closed early with an affidavit.

SSY vs PPF vs mutual funds for a child?

SSY (8.2%, tax-free) beats PPF (7.1%) on rate with the same sovereign safety. Equity mutual funds may beat both over 15+ years but carry market risk. Many parents do SSY for the guaranteed education corpus plus a small SIP for growth.

Is my data sent anywhere?

No. Everything is computed in your browser; nothing leaves your device.

Disclaimer: Estimates for illustration, computed in your browser — no data leaves your device. SSY's rate is revised quarterly; actual maturity depends on prevailing rates. Verify scheme rules with your post office/bank before investing.