Sukanya Samriddhi Yojana Calculator (2026) | LegalDev

Sukanya Samriddhi Yojana Calculator

Helps you calculate the total amount invested, returns, maturity value, and maturity date.

Find out how much your daughter's SSY account will be worth at maturity — total deposits, interest earned, and the exact maturity date, calculated in seconds.

Sukanya Samriddhi Yojana is a post office savings scheme run by the Government of India to help families build a fund for their daughter's future. It carries a sovereign guarantee, so the principal and declared interest are backed by the government.

  • Investment : Minimum Rs.250 to maximum Rs,150,000 should be deposited every year for 15 years from the date of opening.
  • Interest Rate : Declared by the government every quarter. Current interest rate is 8.40% per annum compounded annually.
  • Tax Benefit : Investment provides tax deduction u/s 80 C upto Rs.1,50,0000. Interest and Maturity amount is also tax exempt.Thus, enjoys exempt-exempt-exempt (EEE) tax status.
ITR filing is now LIVE!!
File Today Save Tomorrow Avoid Penalties and Maximize Your Refund!
File ITR Today File ITR Today

Sukanya Samriddhi Yojana Calculator

Find out how much your daughter's SSY account will be worth at maturity — total deposits, interest earned, and the exact maturity date, calculated in seconds.

Sukanya Samriddhi Yojana is a post office savings scheme run by the Government of India to help families build a fund for their daughter's future. It carries a sovereign guarantee, so the principal and declared interest are backed by the government.

SSY at a Glance

  • Investment: Minimum Rs. 250 and maximum Rs. 1,50,000 can be deposited each year, for 15 years from the date the account is opened.
  • Interest rate: Set by the government every quarter. The current rate is 8.2% per annum, compounded annually.
  • Tax benefit: Deposits qualify for a deduction under Section 80C up to Rs. 1,50,000 per year, and both the interest earned and the maturity amount are tax-free — giving the scheme Exempt-Exempt-Exempt (EEE) status.

What Is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana is a government savings scheme aimed at two specific goals for the girl child: funding her higher education and funding her marriage. A parent or legal guardian can open a Sukanya Samriddhi Account for a girl child who is ten years old or younger, at any post office or authorised bank.

What Is the Sukanya Samriddhi Yojana Calculator?

Once you decide to invest in SSY, this calculator works out the maturity value in advance, based on the amount you plan to deposit each year. Instead of doing the compounding math by hand, you get an instant estimate of what your daughter's account could be worth by the time it matures — useful for planning how much of her education or wedding costs the scheme will realistically cover.

Sukanya Samriddhi Yojana Calculator

Who Should Use This Calculator?

  • Parents and guardians deciding how much to deposit each year
  • Anyone comparing SSY against other tax-saving instruments before opening an account
  • Financial planners and advisors preparing goal-based savings plans for clients
  • Banks and financial institutions helping customers estimate scheme returns

How to Use the SSY Calculator

  1. Enter the girl child's date of birth. The account can only be opened for a girl aged 10 or under, so this confirms eligibility.
  2. Enter the date the SSY account was (or will be) opened — this is your deposit start date.
  3. Enter the amount you plan to deposit every year, between Rs. 250 and Rs. 1,50,000.
  4. The calculator instantly shows your total investment over 15 years, the interest earned, the maturity amount, and the maturity date.

How the Calculator Works

The calculator estimates the maturity value and total interest based on the current SSY rules, using these assumptions:

  • The same amount is deposited every year for 15 years from the date the account was opened.
  • No further deposits are made from year 16 to year 21 (this isn't mandatory, though you're free to add more if you wish). Interest continues to accrue on the balance already built up.
  • Interest is applied using the interest rate in effect for each period, compounded annually.

Worked Example

Suppose you open an SSY account for your daughter and deposit Rs. 1,00,000 every year for 15 years, at the current 8.2% annual interest rate (compounded yearly, held for the full 21-year term).

  • Total amount deposited over 15 years: Rs. 15,00,000
  • Approximate maturity value at the end of 21 years: around Rs. 46–47 lakh, depending on the exact deposit and account-opening dates
  • Approximate interest earned: roughly Rs. 31–32 lakh

These figures are indicative. Use the calculator above with your own dates and deposit amount for an exact estimate, since interest rates are revised every quarter and your actual return will reflect the rate applicable in each of those quarters.

The Formula Behind SSY Interest

SSY interest is not a single lump-sum compound-interest calculation — it's built up from a series of yearly deposits, each of which starts earning interest from the date it's made. In simplified form, the compounding logic for each year's contribution looks like this:

A = P (1 + r/n)^nt

Where:

  • P = amount deposited
  • r = rate of interest
  • n = number of times interest compounds per year (1, since SSY compounds annually)
  • t = number of years the deposit has been invested
  • A = value of that deposit at maturity

The calculator above applies this logic separately to each year's deposit and adds the results together, so you don't need to run the calculation manually.

SSY vs PPF: A Quick Comparison

Both are government-backed, tax-saving instruments under Section 80C, but they serve different goals:

  • Interest rate: SSY (8.2% currently) has generally offered a higher rate than PPF (7.1% currently).
  • Eligibility: SSY is only for a girl child aged 10 or under; PPF can be opened by anyone.
  • Minimum deposit: SSY requires just Rs. 250 a year; PPF requires Rs. 500.
  • Tenure: SSY runs until the girl turns 21 (or marries after 18); PPF has a 15-year tenure, extendable in blocks of 5 years.

If you're saving specifically for a daughter's education or wedding, SSY's higher rate usually makes it the stronger choice between the two.

Documents Required to Open a Sukanya Samriddhi Account

  1. Birth certificate of the girl child
  2. Identity and address proof of the parent or guardian
  3. Passport-size photographs of both the girl child and the parent or guardian
  4. Initial deposit amount (check the exact requirement with your bank or post office)
  5. Proof of relationship with the girl child, if requested
  6. Any other document specified by the bank or post office

Sukanya Samriddhi Yojana: Maturity and Closure

The account matures 21 years after it was opened, at which point the balance plus accrued interest is paid to the girl child. To withdraw the funds at maturity, you'll typically need:

  1. SSY withdrawal application
  2. Proof of age
  3. Proof of identity
  4. Proof of citizenship and residence

The account can also be closed before the 21-year mark if the girl marries after turning 18. In that case, the closure request must be made no earlier than one month before the wedding and no later than three months after it.

A premature withdrawal is also allowed after the account has been open for 5 years if the parent or guardian passes away, since continuing the account could otherwise become a financial burden on the family.

Frequently Asked Questions

A maximum of two accounts can generally be opened, one per girl child. An exception exists for twin or triplet girls born after an existing girl child, provided a valid medical certificate is submitted along with the application. Only a parent or legal guardian can open the account.

Yes. Many people who already hold a PPF account choose to also open an SSY account because of its higher interest rate, higher overall investment limit, and lower minimum yearly deposit — Rs. 250 for SSY compared with Rs. 500 for PPF.

Only one. A family can hold a maximum of two SSY accounts in total, for up to two daughters, with the twins/triplets exception noted above.

At any nearby post office or at an authorised bank branch.

It can't be closed arbitrarily, but premature closure is permitted once the girl turns 18 and is getting married, in the event of the account holder's death, or if funds are urgently needed to treat a life-threatening illness. Otherwise, the account runs its full 21-year term.

No. SSY does not offer a loan against the account balance.

If a family has two daughters with separate SSY accounts, both parents can nominate themselves against separate accounts and each claim a deduction of up to Rs. 1.5 lakh under Section 80C.

The account is closed and the accumulated balance, with interest, is paid out to the registered nominee.

Yes. Missing the minimum yearly deposit of Rs. 250 deactivates the account. It can be reactivated by paying the missed deposits plus a penalty of Rs. 50 for every year of default.

LegalDev's tax advisory team can help you compare SSY against other 80C options and build a plan suited to your goals.


WhatsApp