Sukanya Samriddhi Yojana calculator

How Sukanya Samriddhi Yojana works

Sukanya Samriddhi Yojana is a Government of India small savings scheme that can be opened by a parent or legal guardian for a girl child who has not turned 10. The account runs in the name of the child; the guardian operates it until the child is 18. Deposits can be made in any number of instalments for the first 15 years from the opening date. The account earns interest at a rate declared by the Ministry of Finance for each quarter, and matures 21 years from the opening date or on the girl's marriage after she turns 18, whichever is earlier.

The minimum deposit is ₹250 a year and the maximum is ₹1,50,000 a year, counted across every SSY account for the same child. If the minimum is not paid in a financial year the account is treated as discontinued and can be revived on payment of a ₹50 penalty for each year of default along with the minimum. Interest is compounded annually, credited at the end of each financial year.

The rate for Oct-Dec 2026 and the quarterly review

The current rate is 8.2 per cent a year, held unchanged for October to December 2026 by the Finance Ministry's notification dated 30 September 2026. The rate has stayed at 8.2 per cent since the April to June 2023 quarter. The Government reviews small savings rates each quarter; the rate you enter on the page is kept steady across the entire 21-year term, because a quarterly rate path cannot be stated in advance without a forecast.

A run on this calculator is best repeated at a lower and a higher rate, to see how the maturity figure moves. Over 21 years with annual compounding, a one-percentage-point change in the rate shifts the maturity by several lakh rupees even at a mid-range yearly deposit.

Worked example you can check

Open an SSY account in 2026 for a girl who is 5 years old, deposit ₹1,50,000 a year for 15 years, hold the rate at 8.2 per cent across the term, let the balance compound for a further 6 years without fresh deposits. The maturity amount in year 21, when the girl is 26 and the year is 2047, is about ₹71,82,119. Deposits across 15 years total ₹22,50,000; interest earned is about ₹49,32,119, so nearly 69 per cent of the maturity is interest.

The example runs on a girl aged 5; every year added to the age at opening lifts the age at maturity by one, up to 30 if the account was opened at age 9. The maturity year is simply the opening year plus 21.

Deposit stops at year 15, compounding runs to year 21

Fresh deposits are allowed only for the first 15 years from opening. From year 16 onward the account earns interest on the closing balance of year 15 alone, until maturity at year 21. On the default inputs, the balance at the end of year 15 is about ₹44,75,989 and it compounds at 8.2 per cent for six more years to reach about ₹71.82 lakh. The share of total interest earned grows sharply in the last six years because the base is much larger.

Deposits at the maximum of ₹1,50,000 a year give the largest end balance. Deposits at the minimum of ₹250 a year, held for 15 years at 8.2 per cent, reach about ₹11,970 at year 21; a 50,000-a-year run at 8.2 per cent from age 3 opening reaches about ₹23.94 lakh.

Partial withdrawal before maturity

A partial withdrawal is allowed up to 50 per cent of the balance at the end of the preceding financial year, once the girl has turned 18 or has passed Class 10, whichever is earlier. The purpose must be higher education or marriage, documented with an admission offer or a marriage card. A full withdrawal before maturity is possible only on the marriage of the girl after she turns 18, subject to a declaration.

The calculator does not model a partial withdrawal; the arithmetic runs on the full balance to maturity. Any partial withdrawal in the real account will reduce the balance that compounds in later years, so the maturity figure on the page should be read as an upper bound if a 50 per cent withdrawal is likely at year 18.

Tax on Sukanya Samriddhi

SSY is in the Exempt, Exempt, Exempt category under the Income-tax Act 2025, as it was under the 1961 Act. The deduction on the contribution is available only under the old regime, within the ₹1,50,000 aggregate that used to sit in section 80C. Interest credited each year is exempt, and the maturity amount is exempt when received. Under the new regime the deduction on contribution is not available; the accumulation and withdrawal legs remain tax-free.

Across the 15-year deposit period, the yearly ₹1,50,000 cap on SSY overlaps with the yearly ₹1,50,000 cap on the old-regime deduction. If both SSY and PPF are run at their maxima, no deduction is available for the PPF slice within the same year under the old regime, because the aggregate is reached by the SSY contribution alone.

What this calculator leaves out

• A rate that changes from quarter to quarter. The Finance Ministry reviews small savings rates each quarter; the calculator holds the single rate you enter steady for the full 21 years.
• Partial withdrawal at year 18 or after Class 10, which trims the balance that compounds in later years.
• Account closure on the girl's marriage after she turns 18, which cuts the term short.
• A short year where the minimum of ₹250 is missed and the account is treated as discontinued; the ₹50 penalty per year of default is not modelled.
• Any other product in the plan. To compare SSY with alternatives, run the PPF calculator on the same yearly amount, or the fixed deposit calculator at a bank rate.

Frequently asked questions

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