Sukanya Samriddhi Yojana (SSY) Calculator
Calculate SSY maturity amount with year-by-year growth and tax benefit planning.
Parameters
5 years
$50,000
$0
8.2%
Maturity Amount
At year 2045$2,394,040
Total Deposited
$750,000
Total Interest Earned
$1,644,040
Deposit Years Remaining
13 years
$873,358
About SSY vs FD vs PPF — Which is Best for Your Daughter?
Compare tax-free returns and understand why SSY is the optimal wealth-building instrument for the girl child.
Why SSY is the Best Investment for Your Daughter
Sukanya Samriddhi Yojana (SSY) offers the trifecta of financial benefits: tax deduction on deposit (Section 80C), tax-free interest, and tax-free maturity proceeds — making it an EEE (Exempt-Exempt-Exempt) scheme. With the current rate of 8.2% p.a. compounding annually, it outperforms most bank FDs on a post-tax basis for investors in the 30% tax bracket.
- Effective post-tax return for 30% slab investor in FD at 7%: ~4.9%
- SSY at 8.2% tax-free: effectively 8.2% (vs 4.9% FD)
- Government-backed: zero credit risk
SSY Calculation Methodology
SSY uses annual compounding. Deposits made at the start of the financial year earn interest for the full year. The government notifies the interest rate quarterly — the default 8.2% reflects Q1 FY 2026-27. You can adjust this rate using the slider to plan for rate changes. The account matures exactly 21 years from the date of opening, regardless of when deposits stop (deposits continue for 15 years from opening).
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What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed small savings scheme for the girl child in India, offering 8.2% p.a. interest with EEE (Exempt-Exempt-Exempt) tax status. Deposits are eligible for Section 80C deduction, interest is tax-free, and maturity proceeds are tax-free.
Who is eligible to open an SSY account?
Any parent or legal guardian can open an SSY account for a girl child below 10 years of age. Maximum one account per girl child; a family can have up to 2 accounts (3 in case of twins/triplets).
What is the minimum and maximum deposit for SSY?
The minimum annual deposit is ₹250 and the maximum is ₹1,50,000. Deposits are made for 15 years from account opening. The account matures 21 years from opening.
When can I withdraw from SSY?
Partial withdrawal (up to 50% of the preceding year's balance) is allowed after the girl's 18th birthday for education or marriage expenses. Full withdrawal is permitted at maturity (21 years from opening).