Sukanya Samriddhi Yojana (SSY) Calculator
Sukanya Samriddhi Yojana (SSY) is a government savings scheme designed to build a corpus for a girl child's education or marriage. You deposit for 15 years from opening, but the account matures 21 years from opening, and the balance keeps earning interest in the gap. This SSY calculator projects the final corpus from your annual deposit and the current rate, so you can plan contributions toward a clear long-term goal.
Between ₹250 and ₹1.5 lakh per year, for 15 years.
Maturity Value (at 21 yrs)
₹71,82,119
Total Invested (15 yrs)
₹22,50,000
Interest Earned
₹49,32,119
About the Sukanya Samriddhi Yojana Calculator
A Sukanya Samriddhi calculator projects the maturity value of an SSY account opened for a daughter, where each year's contribution compounds annually at the current rate (around 8.2%). You contribute for 15 years, but the account continues to earn interest until it matures 21 years after opening.
Why it is useful
SSY carries EEE tax status — deposits qualify for Section 80C, and both the interest and the maturity amount are fully tax-free. A calculator shows how a modest annual deposit compounds over two decades into a sizeable, tax-free corpus, helping you decide how much to set aside each year for your daughter's future.
How the calculation works
The corpus is built by compounding each year's deposit annually at the scheme rate. Contributions run for 15 years; after that no fresh deposits are needed, but the accumulated balance keeps compounding until the account matures at 21 years from opening.
Key inputs explained
- Annual deposit: Your yearly contribution, between ₹250 and ₹1.5 lakh.
- Interest rate: The rate set each quarter by the government (currently around 8.2%).
- Deposit period: Fixed at 15 years of contributions from the opening date.
- Maturity period: The account matures 21 years from opening, regardless of deposits.
Example calculation
Inputs
- Annual deposit
- ₹1,50,000
- Interest rate
- 8.2% p.a.
- Deposit period
- 15 years
- Maturity
- 21 years from opening
Calculation breakdown
- Total deposited
- ₹1,50,000 × 15 = ₹22,50,000
- Compounding
- Each deposit grows at 8.2% until year 21
- Interest earned
- ≈ ₹43,50,000 (tax-free)
Deposits totalling ₹22.5 lakh grow to roughly ₹66 lakh by maturity, all of it tax-free. The exact figure varies slightly with when in the year you deposit, but the corpus is several times your contributions thanks to 21 years of compounding.
Benefits
- Full EEE tax status: deposits under 80C, interest and maturity both tax-free.
- One of the highest rates among small savings schemes.
- The balance keeps compounding for 6 years after deposits stop.
Limitations
- A long lock-in; partial withdrawal is allowed only for higher education or after the girl turns 18.
- Missing the ₹250 minimum in a year makes the account inactive until a penalty is paid.
- Available only for a girl child, with a limit of two accounts per family.
Tips
- Deposit early in the financial year so the money earns interest for the full year.
- Automate the annual deposit to avoid the account lapsing into inactive status.
- Open the account as early as possible so the 21-year clock finishes sooner.
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About this calculator
The Sukanya Samriddhi Yojana Calculator is built and maintained by the PaisaBot team. All calculations run instantly in your browser using established financial formulas, and we use high-precision arithmetic to keep the results reliable.
Data accuracy: Interest rates, tax slabs, and scheme rules are updated periodically, but figures can change with RBI, government, and lender revisions. Always confirm the latest rates with your bank or an official source before acting.
Educational purpose: This tool is provided for general information and financial education only. It does not constitute investment, tax, or legal advice. For decisions specific to your situation, please consult a qualified financial advisor.