SSY Calculator — Sukanya Samriddhi Yojana Maturity Value

Formula

How this is calculated

Sukanya Samriddhi Yojana (SSY) is a Government of India small-savings scheme for the financial security of a girl child. An account can be opened at any post office or authorised bank for a girl below 10 years of age. The account holder (parent or legal guardian) deposits any amount between ₹250 and ₹1,50,000 per financial year for a period of 15 years from the date of account opening. The account matures 21 years from opening (or earlier if the girl marries after age 18).

Interest is compounded annually at the rate declared by the Government of India each quarter. The rate as of Q1 FY 2025-26 is 8.2% p.a., but it is subject to change — always check the current government notification and update the rate field accordingly. This calculator models deposits made at the beginning of each year and compounds them at year end over all 21 years; years 16–21 earn interest with no new deposits.

The entire scheme is tax-efficient: annual deposits are deductible under Section 80C (up to ₹1,50,000 combined with other 80C investments), the interest earned is tax-exempt, and the maturity amount is fully tax-free under Section 10. Partial withdrawal of up to 50% of the balance is permitted after the girl turns 18 for education expenses.