Sukanya Samriddhi Yojana Calculator 2026
Calculate SSY maturity with 4 modes — Maturity Estimator (21-year growth schedule with inflation toggle), Partial Withdrawal Simulator (50% at age 18 for education), SSY vs PPF vs FD comparison, and Goal-Based Reverse Calculator. Current interest rate: 8.2% p.a. | EEE tax-free | Section 80C.
What Is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in January 2015 under the Beti Bachao, Beti Padhao (Save the Girl Child, Educate the Girl Child) initiative. It is designed specifically to build a financial corpus for the education and marriage of a girl child.
SSY stands out among all Indian savings instruments for three reasons: (1) It offers the highest interest rate (8.2%) among government-guaranteed schemes, (2) It enjoys EEE (Triple Exempt) tax treatment — deposits, interest, and maturity are all tax-free, and (3) It is sovereign guaranteed with zero risk.
Key Numbers: ₹1,50,000/year for 15 years at 8.2% = approximately ₹69.3 Lakh at maturity (year 21). Total invested: ₹22.5L. Interest earned: ₹46.8L — more than 2× your investment returned as tax-free interest.
SSY Eligibility & Rules
| Criterion | Requirement |
|---|---|
| Girl’s Age | Below 10 years at account opening |
| Who Can Open | Natural parents or legal guardian |
| Max Accounts/Family | 2 (3 if twins/triplets in second pregnancy) |
| Accounts/Girl | Only 1 per girl child |
| NRI Eligibility | Cannot open new; existing accounts can continue |
| Where to Open | Any Post Office or 28 authorized banks |
| Deposit Period | First 15 years only |
| Maturity | 21 years from account opening |
SSY Interest Rate 2026 & History
The SSY interest rate is reviewed quarterly by the Ministry of Finance. Current rate: 8.2% p.a.
| Period | Interest Rate |
|---|---|
| Apr 2015 – Mar 2016 | 9.2% |
| Apr 2016 – Sep 2016 | 8.6% |
| Oct 2016 – Mar 2017 | 8.5% |
| Apr 2017 – Jun 2017 | 8.4% |
| Jul 2017 – Dec 2017 | 8.3% |
| Jan 2018 – Sep 2018 | 8.1% |
| Oct 2018 – Jun 2019 | 8.5% |
| Jul 2019 – Mar 2020 | 8.4% |
| Apr 2020 – Mar 2023 | 7.6% |
| Apr 2023 – Present (2026) | 8.2% |
SSY Deposit Rules
| Rule | Detail |
|---|---|
| Minimum Deposit | ₹250 per financial year |
| Maximum Deposit | ₹1,50,000 per financial year |
| Deposit Frequency | Lump sum or multiple installments |
| Deposit Period | First 15 years from account opening |
| Years 16–21 | No deposit needed; interest continues |
| Penalty (Missed Deposit) | ₹50/year + back-deposit of ₹250/year |
| Payment Modes | Cash, cheque, DD, or online transfer |
Pro Tip: Deposit before the 5th of each month to earn interest for that full month. Deposits after the 5th only earn interest from the next month. For maximum benefit, make your annual ₹1.5L deposit as a lump sum on April 1st each year.
SSY Maturity Calculation Formula
A = P × (1 + r)t (applied iteratively for each year’s balance)
Where: P = Balance at start of year + deposit, r = Annual interest rate, t = Number of years
Where: P = Balance at start of year + deposit, r = Annual interest rate, t = Number of years
Worked Example: ₹1,50,000/year at 8.2% for 21 years
| Year | Deposit | Opening Balance | Interest | Closing Balance |
|---|---|---|---|---|
| 1 | ₹1,50,000 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 | ₹1,50,000 | ₹3,12,300 | ₹25,609 | ₹3,37,909 |
| 5 | ₹1,50,000 | ₹8,83,527 | ₹72,449 | ₹9,55,976 |
| 10 | ₹1,50,000 | ₹23,90,856 | ₹1,96,050 | ₹25,86,906 |
| 15 | ₹1,50,000 | ₹44,54,466 | ₹3,65,266 | ₹48,19,732 |
| 16 | ₹0 | ₹48,19,732 | ₹3,95,218 | ₹52,14,950 |
| 21 | ₹0 | ₹64,10,938 | ₹5,25,697 | ₹69,36,635 |
Tax Benefits — EEE Status
SSY enjoys EEE (Exempt-Exempt-Exempt) status — the most favorable tax treatment available in India:
| Tax Event | Treatment | Section |
|---|---|---|
| Deposit | Deductible up to ₹1.5L/year | Section 80C |
| Interest | Completely tax-free | Section 10 |
| Maturity | Completely tax-free | Section 10(11A) |
| Partial Withdrawal | Tax-free | Section 10 |
Tax-Saving Combo: SSY (₹1.5L) + PPF (₹1.5L) = ₹3L invested in EEE instruments. However, Section 80C cap is ₹1.5L total. So optimize: ₹1.5L in SSY (for daughter) + ₹50K in NPS (80CCD(1B)) = ₹2L deduction. Use Income Tax Calculator to plan.
Partial Withdrawal & Premature Closure
| Event | Rule | Condition |
|---|---|---|
| Partial Withdrawal | Up to 50% of balance | Girl turns 18 + for higher education |
| Marriage Closure | Full closure allowed | Girl turns 18 + for marriage |
| Death of Girl | Full closure + balance to guardian | Death certificate required |
| Life-Threatening Illness | Full premature closure | Medical certificate required |
| Normal Maturity | Full balance + interest to girl | 21 years from account opening |
SSY vs PPF vs FD vs ELSS — Detailed Comparison
| Feature | SSY | PPF | FD (5-yr Tax Saver) | ELSS |
|---|---|---|---|---|
| Returns | 8.2% | 7.1% | 6.5–7.5% | 12–15% (market) |
| Tax Status | EEE | EEE | Interest taxable | LTCG 12.5% |
| Lock-in | 21 years | 15 years | 5 years | 3 years |
| Risk | Zero | Zero | Zero | Market risk |
| 80C Benefit | Yes (₹1.5L) | Yes (₹1.5L) | Yes (₹1.5L) | Yes (₹1.5L) |
| Eligibility | Girl child <10 | Any Indian | Any Indian | Any Indian |
| ₹1.5L/yr for 15 yrs | ₹69.4L | ₹43.6L (15yr) | ₹32.3L (post-tax) | ₹74L+ (at 12%) |
Documents Required to Open SSY Account
- Birth Certificate of the girl child (primary document)
- Identity Proof of Guardian — Aadhaar Card, PAN Card, Voter ID, or Passport
- Address Proof of Guardian — Aadhaar, utility bill, bank statement, or rental agreement
- Application Form SSA-1 — Available at post offices and authorized banks
- Passport-size Photographs — Of the girl child and parent/guardian
- Initial Deposit — Minimum ₹250 (cash, cheque, DD, or online)
Banks & Post Offices for SSY
SSY accounts can be opened at any India Post office and the following 28 authorized banks:
| Public Sector Banks | Private & Other Banks |
|---|---|
| State Bank of India (SBI) | ICICI Bank |
| Punjab National Bank (PNB) | HDFC Bank |
| Bank of Baroda | Axis Bank |
| Canara Bank | IDBI Bank |
| Union Bank of India | Bandhan Bank |
| Bank of India | Punjab & Sind Bank |
| Central Bank of India | UCO Bank |
| Indian Bank | Bank of Maharashtra |
| Indian Overseas Bank | Dena Bank (merged with BoB) |
Common Mistakes in SSY
- Not investing the maximum ₹1.5L — At ₹250/year, maturity is only ₹1,155. At ₹1.5L/year, it’s ₹69.4L. Maximize your deposits every year.
- Depositing after the 5th of the month — Interest is calculated on balance between 5th and month-end. Deposit before the 5th for full month’s interest.
- Forgetting the annual minimum — Missing the ₹250 minimum triggers ₹50/year penalty and account deactivation. Set a reminder for March.
- Not considering inflation — ₹69L in 21 years = ~₹20L in today’s purchasing power at 6% inflation. Supplement SSY with equity SIP for real growth.
- Choosing SSY over ELSS for short-term goals — SSY locks money for 21 years. If you need liquidity within 3–5 years, ELSS (3-year lock-in) is better for 80C.
- Not transferring account when moving — SSY accounts can be transferred between post offices and banks. Don’t abandon the old account; initiate transfer.