Sukanya Samriddhi Calculator
Sukanya Samriddhi Calculator
Govt small-savings · EEE in old regime · maturity at age 21Min ₹250 / year to keep account active. Max ₹1.5 lakh / year (shared with the §80C limit in old regime).
Maturity Value at Age 21
₹18.9 L
15 years of deposits · compounded 18 years to maturity
Total Deposits
₹7.5 L
Total Interest
₹11.4 L
Maturity Year (Girl's Age)
21 → age 21
Year-by-year balance · ₹50,000/yr · girl age 3 · 8.20% rate
Year | Age | Deposit (₹) | Interest (₹) | Balance (₹) |
|---|---|---|---|---|
2027 | 4 | 50,000 | 4,100 | 54,100 |
2028 | 5 | 50,000 | 8,536 | 1.13 Lakhs |
2029 | 6 | 50,000 | 13,336 | 1.76 Lakhs |
2030 | 7 | 50,000 | 18,530 | 2.45 Lakhs |
2031 | 8 | 50,000 | 24,149 | 3.19 Lakhs |
2032 | 9 | 50,000 | 30,229 | 3.99 Lakhs |
2033 | 10 | 50,000 | 36,808 | 4.86 Lakhs |
2034 | 11 | 50,000 | 43,926 | 5.8 Lakhs |
2035 | 12 | 50,000 | 51,628 | 6.81 Lakhs |
2036 | 13 | 50,000 | 59,962 | 7.91 Lakhs |
2037 | 14 | 50,000 | 68,979 | 9.1 Lakhs |
2038 | 15 | 50,000 | 78,735 | 10.39 Lakhs |
2039 | 16 | 50,000 | 89,291 | 11.78 Lakhs |
2040 | 17 | 50,000 | 1.01 Lakhs | 13.29 Lakhs |
2041 | 18 | 50,000 | 1.13 Lakhs | 14.92 Lakhs |
2042 | 19 | 0 | 1.22 Lakhs | 16.14 Lakhs |
2043 | 20 | 0 | 1.32 Lakhs | 17.47 Lakhs |
2044 | 21 | 0 | 1.43 Lakhs | 18.9 Lakhs |
What Sukanya Samriddhi Yojana is
SSY is a small-savings scheme launched on 22 January 2015 under the Beti Bachao Beti Padhao initiative. A parent or legal guardian opens an account in the name of a girl child under 10 years of age, deposits up to ₹1.5 lakh per financial year for 15 years, and the corpus matures when the girl turns 21. The current Q1 FY 2026-27 rate is 8.20% per annum, compounded annually (valid through 2026-06-30). The rate locked at the time of each deposit applies, but the Ministry of Finance has historically held SSY among the highest small-savings rates.
Who can open an account
- A parent or legal guardian, in the name of a girl child under 10 years old.
- One account per girl child. A family can open accounts for up to two girls (three in case of twins or triplets on second birth).
- Documents: girl\'s birth certificate, parent\'s ID + address proof, recent photographs, ₹250 opening deposit.
Deposit rules
- Minimum ₹250 per financial year to keep the account active.
- Maximum ₹1.5 lakh per financial year (shared with the §80C limit in the old tax regime).
- Deposits can be made in any number of installments per year — single shot, monthly, or any cadence.
- Deposits are accepted for 15 years from the date of account opening. After that, the corpus continues to earn interest until maturity but no new deposits go in.
- If the ₹250 minimum is missed in any year, the account becomes "default" — reactivate by paying ₹250 plus a ₹50/year penalty per missed year.
Withdrawal and maturity
- Partial withdrawal: after the girl turns 18, up to 50% of the previous year-end balance is allowed for higher education or marriage expenses.
- Premature closure: allowed only for the death of the account holder (girl), life-threatening illness, or death of the guardian.
- Maturity: at age 21, OR on marriage after age 18 (whichever is earlier). Full corpus is paid out to the girl, in her name.
Tax treatment — EEE in old regime
In the old regime, SSY is fully Exempt-Exempt-Exempt: deposits qualify under §80C (within the ₹1.5 lakh annual cap, shared with PPF/EPF/ELSS), interest accrued each year is tax-free, and the maturity payout is tax-free. In the new regime, §80C deductions are removed — deposits don\'t reduce taxable income, but interest and maturity remain tax-free.
SSY vs PPF
SSY pays meaningfully more than PPF (~110 bps in Q1 FY 26-27) and is purpose-built for daughters. PPF is more flexible (any age, partial withdrawal from year 7, account can stay open indefinitely past maturity) but pays less. Many families do both — SSY in the girl\'s name for the higher rate, PPF for general long-term parental savings.
Rate verified 2026-05-28 against the India Post small-savings notification dated 31 March 2026. Tax treatment verified against §10(11A) and §80C of the Income Tax Act.
FAQs
SSY is a small-savings scheme launched in 2015 under the Beti Bachao Beti Padhao initiative. A parent or legal guardian opens an account in the name of a girl child under 10, deposits up to ₹1.5 lakh per year for 15 years, and the corpus matures when the girl turns 21. Backed by the Government of India and treated as tax-exempt (EEE) under the old regime.
The rate for Q1 FY 2026-27 (April-June 2026) is 8.20% per annum, compounded annually. Rates are reviewed quarterly by the Government of India and notified by the Ministry of Finance. SSY has been the highest-paying small-savings instrument for several quarters.
A parent or legal guardian can open an account in the name of a girl child under 10 years of age. One account per girl child; a family can open accounts for up to two girls (or three in case of twins or triplets on second birth). Required documents: girl's birth certificate, parent's ID + address proof, recent photographs, and an initial deposit of ₹250.
Minimum ₹250 per financial year to keep the account active; maximum ₹1.5 lakh per financial year. Deposits can be made in any number of installments in a year, or all at once. If you miss the ₹250 minimum in any year, the account becomes "default" — reactivated by paying ₹250 plus a ₹50/year penalty for each missed year.
Deposits are accepted for 15 years from the date of account opening. After that, the balance keeps earning interest at the prevailing rate until maturity. Maturity is when the girl turns 21 OR upon her marriage after she turns 18 (whichever is earlier) — at which point the full corpus is paid out to her.
Partial withdrawal: after the girl turns 18, up to 50% of the previous year-end balance can be withdrawn for higher education or marriage. Premature closure: allowed only for narrow reasons — death of the account holder, life-threatening disease, or death of the guardian. Otherwise, the corpus is locked till maturity.
In the old regime, SSY is fully tax-exempt (EEE) — deposits qualify under §80C up to ₹1.5 lakh per FY (shared with PPF, EPF, ELSS), interest is tax-free, and the maturity amount is tax-free. The new regime removes §80C, so deposits don't get a deduction — but interest and maturity remain tax-free.
SSY pays higher (8.20% vs PPF's 7.10% in Q1 FY 26-27) and is purpose-built for daughters. PPF has a longer lock-in (15 years from each deposit) and is more flexible (anyone can open it, premature partial withdrawal allowed from year 7). Many families use both: open SSY for the higher rate within the girl's name and a PPF for general long-term parental savings.
You can't open a new SSY account — the under-10 age cap is hard. Alternative: open a PPF account in her name (no age restriction; minor accounts allowed with a guardian) and start contributing there instead. The PPF rate (7.10%) is lower than SSY but it's the closest substitute.
Yes — that's one of the two valid maturity triggers (the other being her turning 21). After 18, the account can be closed for marriage (with documentary proof of marriage date one month before or three months after closure). Up to 50% partial withdrawal for higher education is also allowed after 18, with the remaining balance continuing to earn interest until maturity.