Sukanya Samriddhi Yojana Calculator
See what your daughter’s Sukanya Samriddhi account will be worth when it matures, and how much tax-free interest it will earn. Enter how much you invest each year, her age and the rate.
More options: when you deposit
Investing ₹1,50,000 a year before 5 April for 15 years at 8.2% grows to ₹71.82 lakh after 21 years, when your daughter is 22. You stop depositing after year 15, but the balance keeps earning interest until maturity. The interest and maturity amount are tax-free.
Assumes the rate stays at 8.2% for all 21 years. The government reviews the rate every quarter, so the actual amount will change if the rate does.
Year-by-year breakdown
| Year | Her age | Deposit | Interest | Balance |
|---|---|---|---|---|
| 1 | 2 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 | 3 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| 3 | 4 | ₹1,50,000 | ₹40,009 | ₹5,27,917 |
| 4 | 5 | ₹1,50,000 | ₹55,589 | ₹7,33,506 |
| 5 | 6 | ₹1,50,000 | ₹72,448 | ₹9,55,954 |
| 6 | 7 | ₹1,50,000 | ₹90,688 | ₹11,96,642 |
| 7 | 8 | ₹1,50,000 | ₹1,10,425 | ₹14,57,067 |
| 8 | 9 | ₹1,50,000 | ₹1,31,779 | ₹17,38,846 |
| 9 | 10 | ₹1,50,000 | ₹1,54,885 | ₹20,43,732 |
| 10 | 11 | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| 11 | 12 | ₹1,50,000 | ₹2,06,937 | ₹27,30,554 |
| 12 | 13 | ₹1,50,000 | ₹2,36,205 | ₹31,16,760 |
| 13 | 14 | ₹1,50,000 | ₹2,67,874 | ₹35,34,634 |
| 14 | 15 | ₹1,50,000 | ₹3,02,140 | ₹39,86,774 |
| 15 | 16 | ₹1,50,000 | ₹3,39,215 | ₹44,75,989 |
| 16 | 17 | ₹0 | ₹3,67,031 | ₹48,43,020 |
| 17 | 18 | ₹0 | ₹3,97,128 | ₹52,40,148 |
| 18 | 19 | ₹0 | ₹4,29,692 | ₹56,69,840 |
| 19 | 20 | ₹0 | ₹4,64,927 | ₹61,34,767 |
| 20 | 21 | ₹0 | ₹5,03,051 | ₹66,37,818 |
| 21 | 22 | ₹0 | ₹5,44,301 | ₹71,82,119 |
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child under 10. You deposit between ₹250 and ₹1.5 lakh each financial year for 15 years, and the account matures 21 years after it is opened. The rate is set by the government every quarter; it is 8.2% for October to December 2026. The interest and the maturity amount are tax-free.
How SSY interest is calculated
Interest is worked out each month on the lowest balance between the 5th and the end of the month, and added once a year. If you deposit once a year before 5 April, each year works out as:
Balance at year end = (opening balance + deposit) × (1 + r)
for years 1 to 15, and balance × (1 + r) for years 16 to 21, when no deposits are made. r is the annual rate (8.2% = 0.082).
Worked example
₹1,50,000 invested before 5 April every year at 8.2%:
- Year 1: 1,50,000 × 0.082 = ₹12,300 interest, balance ₹1,62,300
- Year 2: (1,62,300 + 1,50,000) × 0.082 = ₹25,609 interest, balance ₹3,37,909
- After year 15 (last deposit): ₹44,75,989
- At maturity after 21 years: ₹71,82,119, of which ₹22,50,000 is your money and ₹49,32,119 is tax-free interest
Paying the same amount as ₹12,500 a month (before the 5th) gives ₹69,32,648, which is ₹2,49,471 less, because each monthly deposit earns interest for fewer months. Use “More options” in the calculator to compare.
What different yearly amounts give
| Yearly deposit (15 years) | Total invested | Maturity at 8.2% |
|---|---|---|
| ₹12,000 (₹1,000 a month) | ₹1,80,000 | ₹5,74,570 |
| ₹50,000 | ₹7,50,000 | ₹23,94,040 |
| ₹1,00,000 | ₹15,00,000 | ₹47,88,079 |
| ₹1,50,000 (maximum) | ₹22,50,000 | ₹71,82,119 |
Withdrawals and closing the account
- For education: once your daughter turns 18 or passes Class 10, you can withdraw up to 50% of the balance at the end of the previous financial year.
- For marriage: the account can be closed after she turns 18, from one month before to three months after the marriage.
- At maturity: 21 years from opening, the full balance is paid out, tax-free.
Tax on SSY
- Interest and maturity amount: tax-free in both the old and the new tax regime.
- Deposits: deductible up to ₹1.5 lakh a year under Section 80C, but only in the old tax regime. The limit is shared with PPF, EPF, ELSS and other 80C investments.
When to use a different calculator
- Saving for yourself or a son? Use the PPF Calculator.
- Investing in mutual funds for her education? Use the SIP Calculator.
- Want to understand how compounding builds the balance? Read The power of compounding.
