Sukanya Samriddhi Yojana (SSY) calculator
Written and reviewed by Omm · Last reviewed · General information, not investment advice
Sukanya Samriddhi Yojana (SSY) is a savings scheme for a girl child. You deposit for 15 years, and the account keeps earning interest until it matures 21 years after it was opened. Enter the yearly deposit and the girl’s age to see the maturity value.
Between 250 and 150000
Between 0 and 10
Between 1 and 15
Total deposited
₹22,50,000
Interest earned
₹49,32,119
Maturity value
₹71,82,119
Matures when she is
23 years
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| 3 | ₹1,50,000 | ₹40,009 | ₹5,27,917 |
| 4 | ₹1,50,000 | ₹55,589 | ₹7,33,506 |
| 5 | ₹1,50,000 | ₹72,448 | ₹9,55,954 |
| 6 | ₹1,50,000 | ₹90,688 | ₹11,96,642 |
| 7 | ₹1,50,000 | ₹1,10,425 | ₹14,57,067 |
| 8 | ₹1,50,000 | ₹1,31,779 | ₹17,38,846 |
| 9 | ₹1,50,000 | ₹1,54,885 | ₹20,43,732 |
| 10 | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| 11 | ₹1,50,000 | ₹2,06,937 | ₹27,30,554 |
| 12 | ₹1,50,000 | ₹2,36,205 | ₹31,16,760 |
| 13 | ₹1,50,000 | ₹2,67,874 | ₹35,34,634 |
| 14 | ₹1,50,000 | ₹3,02,140 | ₹39,86,774 |
| 15 | ₹1,50,000 | ₹3,39,215 | ₹44,75,989 |
| 16 | ₹0 | ₹3,67,031 | ₹48,43,020 |
| 17 | ₹0 | ₹3,97,128 | ₹52,40,148 |
| 18 | ₹0 | ₹4,29,692 | ₹56,69,840 |
| 19 | ₹0 | ₹4,64,927 | ₹61,34,767 |
| 20 | ₹0 | ₹5,03,051 | ₹66,37,818 |
| 21 | ₹0 | ₹5,44,301 | ₹71,82,119 |
Rate used
- Period
- October–December 2026 (Q3 FY 2026-27)
- Notice
- F. No. 1/4/2019-NS, 30.09.2026
- Checked
- 12.10.2026
Sources: Office memorandum F. No. 1/4/2019-NS dated 30.09.2026 (republished by TaxGuru) · Indian Bank: interest rates for small savings schemes · Department of Economic Affairs, Budget Division
How the money is calculated
- Deposits are made for 15 years from opening; no deposits are needed in years 16 to 21, but the balance keeps earning interest.
- Interest is calculated every month on the lowest balance between the 5th and the end of the month, at the yearly rate ÷ 12, and credited once a year at the end of the financial year.
- A deposit made by 5 April earns interest for the whole year; "every month" spreads the yearly amount into 12 deposits made by the 5th.
- The rate is assumed to stay the same for all 21 years, although the government can change it every quarter.
Years 1–15: deposit + interest; years 16–21: interest only. Each year: interest = Σ (balance × rate ÷ 12) over 12 months, credited at year end
A worked example you can check
Depositing ₹1,50,000 every year by 5 April for 15 years at 8.2% puts in ₹22,50,000. At maturity after 21 years the account is worth ₹71,82,119, of which ₹49,32,119 is interest.
Rules at a glance
- Deposit per year
- ₹250 to ₹1,50,000
- Deposit period
- 15 years from opening
- Maturity
- 21 years from opening
- Who can open
- A parent or guardian, for a girl below 10 years; up to two accounts per family
Tax
SSY is fully tax-free: deposits count towards the ₹1.5 lakh deduction under Section 123 of the Income-tax Act, 2025 (formerly Section 80C), only if you choose the old tax regime, and the interest and the maturity amount are not taxed. Tax rules are those of the Income-tax Act, 2025, in force from 1 April 2026; check your own position before relying on them.
Frequently asked questions
What is the current Sukanya Samriddhi interest rate?
8.2% a year for October–December 2026 (Q3 FY 2026-27), as notified by the Ministry of Finance. The rate is reviewed every quarter.
For how many years do I have to deposit?
For 15 years from the date the account is opened. After that the account keeps earning interest until it matures 21 years from opening.
When can the money be withdrawn?
The account matures 21 years after opening. Up to 50% of the balance can be withdrawn for the girl’s education after she turns 18, and the account can be closed for her marriage after 18.
Is SSY interest taxable?
No. The interest and the maturity amount are tax-free, and deposits can be deducted under Section 123 (formerly 80C) under the old tax regime.
How much will ₹1.5 lakh a year in Sukanya Samriddhi become?
At the current 8.2%, depositing ₹1,50,000 at the start of every year for 15 years grows to about ₹71,82,119 when the account matures after 21 years. ₹50,000 a year grows to about ₹23,94,040, and ₹12,000 a year (₹1,000 a month) to about ₹5,74,570. The rate is reviewed every quarter.
Can I deposit every month instead of once a year?
Yes. You can deposit in instalments through the year, as long as the total is between ₹250 and ₹1,50,000 in a financial year. Deposits made by the 5th of a month earn interest for that month.
Sources
Rules, rates and definitions on this page come from these official sources. Check the current position there before you decide.
- Ministry of Finance, Department of Economic Affairs · Quarterly notice of small savings interest rates
- India Post · Scheme rules and how to open an account
- National Savings Institute · Small savings scheme rules
- Income Tax Department · Tax on interest and gains, and deductions