What is a Sukanya Samriddhi Yojana calculator?
A Sukanya Samriddhi Yojana calculator (SSY calculator) estimates how much your daughter's SSY account will be worth when it matures. Enter the yearly or monthly deposit, her age when you open the account and the start year, and this online Sukanya Samriddhi Yojana calculator shows the maturity amount, the total you invest, the tax-free interest and a year-wise table with her age in each year. It follows the actual scheme rules: you deposit for 15 years and the account matures 21 years after opening.
What is Sukanya Samriddhi Yojana?
What is Sukanya Samriddhi Yojana? It is a Government of India small savings scheme launched in 2015 under the "Beti Bachao, Beti Padhao" campaign, to help parents save for a girl child's education and marriage. It pays the highest rate among small savings schemes and is fully tax-free. You can open an SSY account at any post office or authorised bank – SBI, PNB, Bank of Baroda, Canara Bank, ICICI, HDFC, Axis and others. There is no single best bank for Sukanya Samriddhi Yojana, since the rate and rules are the same everywhere; choose the one most convenient for online deposits.
SSY eligibility and age limit
- The account is opened by a parent or legal guardian in the name of a girl below 10 years of age.
- One account per girl, and a maximum of two accounts per family (three in case of twins or triplets in the second birth).
- The girl must be a resident Indian.
Documents required
The girl's birth certificate, the parent's or guardian's ID and address proof (Aadhaar, PAN), photographs and the account opening form.
Sukanya Samriddhi Yojana interest rate (2026)
The SSY interest rate is 8.2% per annum for the July–September 2026 quarter. The Government sets small savings rates every quarter; SSY has been at 8.2% since January 2024 and was left unchanged again for Q2 FY 2026-27. Interest is compounded yearly and credited at the end of each financial year. If the rate changes in a future quarter, update the rate field to recalculate.
| Period | SSY interest rate |
|---|---|
| Jan 2024 – Sep 2026 | 8.2% |
| Apr 2023 – Dec 2023 | 8.0% |
| Apr 2020 – Mar 2023 | 7.6% |
How to use the SSY calculator
- Choose yearly or monthly deposits (use monthly for a Sukanya Samriddhi Yojana calculator monthly plan such as ₹1,000 or ₹2,000 a month).
- Enter the deposit – between ₹250 and ₹1,50,000 per financial year.
- Enter your daughter's age at opening and the start year. The calculator shows the maturity year and her age then.
- Keep the current rate of 8.2%, or test other rates.
How many years to deposit, and when SSY matures
This is the most common confusion. You deposit for 15 years from the date of opening. The account then keeps earning interest with no deposits for another 6 years, and matures 21 years after opening – not when the girl turns 21. So a girl whose account is opened at age 1 in 2026 gets the maturity amount in 2047, at about age 22.
Sukanya Samriddhi Yojana interest calculation formula
How to calculate Sukanya Samriddhi Yojana maturity? Interest is calculated on the lowest balance between the 5th and the end of each month and compounded yearly. For a yearly deposit P made at the start of each year:
Balance after year t = (Balancet−1 + Pt) × (1 + r)
- Pt = deposit in year t (for years 1–15; zero for years 16–21)
- r = SSY interest rate ÷ 100 (0.082)
- Repeat for 21 years to get the maturity value
SSY calculation example: ₹1.5 lakh a year
Deposit ₹1,50,000 every year for 15 years at 8.2%. You invest ₹22,50,000 in total. By the end of year 15 the balance is about ₹44.8 lakh, and it keeps growing for 6 more years without deposits. At maturity after 21 years it becomes about ₹71,82,119 – of which ₹49.3 lakh is tax-free interest.
| Deposit | Total invested (15 years) | Maturity after 21 years at 8.2% |
|---|---|---|
| ₹1,000 a month (₹12,000/year) | ₹1,80,000 | ≈ ₹5.75 lakh |
| ₹2,000 a month (₹24,000/year) | ₹3,60,000 | ≈ ₹11.5 lakh |
| ₹5,000 a month (₹60,000/year) | ₹9,00,000 | ≈ ₹28.7 lakh |
| ₹1,50,000 a year | ₹22,50,000 | ≈ ₹71.8 lakh |
(Table figures assume the full year's deposit is made at the start of the year. Paying monthly gives slightly less; select "Monthly" above for the exact figure.)
Benefits of Sukanya Samriddhi Yojana
- Highest small savings rate – 8.2%, above PPF (7.1%) and most bank FDs.
- Tax free (EEE) – deposits qualify for Section 80C deduction up to ₹1.5 lakh under the old regime; interest and maturity are tax-free.
- Government-backed – no risk to capital or interest.
- Low minimum – just ₹250 a year keeps the account active.
SSY withdrawal and closure rules
- Partial withdrawal: up to 50% of the balance at the end of the previous financial year, once the girl turns 18 or passes 10th standard, for higher education.
- Closure for marriage: allowed after she turns 18 (one month before to three months after marriage).
- Missed deposits: the account becomes irregular; you can revive it by paying ₹250 per missed year plus a ₹50 penalty per year.
Sukanya Samriddhi Yojana vs PPF and SIP
Which is best, Sukanya Samriddhi Yojana or PPF? For a daughter under 10, SSY pays more (8.2% vs 7.1%) and has the same EEE tax status, so it usually wins for her education and marriage goals. PPF is open to anyone and has more flexible withdrawals – see the PPF calculator. Sukanya Samriddhi Yojana or SIP? An equity SIP may grow faster over 21 years but carries market risk; SSY is guaranteed. Many parents split savings between SSY and a SIP. For short-term needs, a fixed deposit is simpler.
Monthly, yearly, lump sum or an existing account: what to enter
A monthly deposit of 1000 or 2000 rupees
Switch the Sukanya Samriddhi Yojana calculator to monthly mode and enter a monthly deposit of 1000 or 2000 rupees. Paying ₹1,000 before the 5th of each month gives about ₹5.55 lakh at maturity at 8.2%; ₹2,000 a month gives about ₹11.1 lakh.
One deposit per year
Yearly mode assumes you pay the full year's amount before 5 April, which earns the most interest. A yearly deposit of ₹50,000 per year gives about ₹23.9 lakh at maturity.
Year-wise table and chart
The results include a year wise table showing deposit, interest and balance for all 21 years, along with your daughter's age each year. Read it as a table or as a chart of how the balance builds up. The Sukanya Samriddhi Yojana calculator for 1 year, 10 years or 15 years (when deposits stop) is simply that row of the table. The account cannot be closed that early except in special cases.
Your daughter's age and the age limit
Enter your daughter's age and the calculator shows how old she will be when the account matures. The Sukanya Samriddhi Yojana calculator age limit is 10 because the account must be opened before she turns 10.
Already have an account?
Using the Sukanya Samriddhi Yojana calculator for existing customers is easy: set the start year to the year the account was opened, then read the table from the current year. Its row for this year stands in for a calculator with current balance, and the rows after it show the balance ahead. Past years used different rates, so your actual current balance may differ slightly.
One-time investment or lump sum
The Sukanya Samriddhi Yojana calculator cannot show a one time investment on its own, because the scheme does not allow it: you must deposit at least ₹250 every year for 15 years. A lump sum of ₹1.5 lakh in year 1 alone would grow to about ₹7.85 lakh by maturity, but the account still needs the minimum deposit every year.
Allowing for inflation
If you read the Sukanya Samriddhi Yojana calculator with inflation in mind, the numbers look different: at 6% inflation, ₹71.8 lakh after 21 years is worth about ₹21 lakh in today's money. Keep that in mind when you use the maturity figure to plan for education costs.
India Post or a bank
The result is the same whether you open the account at India Post or any bank, because the Government of India sets the rules and the rate for every Sukanya Samriddhi Yojana calculator result.
Sukanya Samriddhi Yojana vs SIP calculator and PPF calculator results
Against a SIP calculator, the trade-off is a guaranteed 8.2% versus market returns. Against a PPF calculator, SSY comes out ahead by 1.1% a year.
Is it free?
Yes. This online Sukanya Samriddhi Yojana calculator is free, needs no login and uses the current interest rate of 8.2%.
Sukanya Samriddhi Yojana calculator formula and return
The Sukanya Samriddhi Yojana calculator formula compounds interest once a year. For a fixed yearly deposit D made at the start of each year, at rate r:
Balance after 15 years = D × [((1 + r)15 − 1) ÷ r] × (1 + r)
Maturity value = Balance after 15 years × (1 + r)6
At 8.2%, ₹1.5 lakh a year gives about ₹44.8 lakh after 15 years and ₹71.82 lakh at maturity, from ₹22.5 lakh deposited. That is the Sukanya Samriddhi Yojana calculator return: 8.2% a year, compounded, and fully tax-free, so the effective pre-tax return for someone in the 30% slab is close to 12%.
Sukanya Samriddhi Yojana calculator in Excel (xls)
To build a Sukanya Samriddhi Yojana calculator in an xls sheet, type =FV(8.2%,15,-150000,0,1)*(1+8.2%)^6. It returns about 71,82,000, matching this calculator. Change 150000 to your yearly deposit.
Sukanya Samriddhi Yojana calculator kaise kare (how to use it)
The benefits of a Sukanya Samriddhi Yojana calculator are simple: in seconds you can calculate Sukanya Samriddhi Yojana interest for every year, see the maturity amount and test different deposits before you commit.
- Choose yearly or monthly deposit and enter the amount (₹250 to ₹1.5 lakh a year).
- Enter your daughter's age when the account is opened (0 to 9) and the start year.
- Keep the rate at the current 8.2% or change it to test other rates.
- Read the maturity amount, total interest and the year-wise table.
Sukanya Samriddhi Yojana calculator with step up or variable amount
You do not have to deposit the same amount every year; any amount from ₹250 to ₹1.5 lakh is allowed in each of the 15 years. This calculator assumes one fixed amount, so for a step-up plan or a variable amount, enter your average yearly deposit. For example, ₹50,000 rising by ₹10,000 a year until it hits the ₹1.5 lakh cap averages about ₹1.13 lakh a year over 15 years. Early deposits matter most, because they compound for up to 21 years.
Sukanya Samriddhi Yojana calculator 2018: accounts opened earlier
The SSY rate is reset every quarter and applies to all accounts, old and new. It was 8.1% for most of 2018, rose to 8.5% from October 2018, eased to 8.4% from July 2019, fell to 7.6% from April 2020, and has been 8.2% since January 2024. For an account opened in 2018, enter 2018 as the start year and an average rate of about 8%, or enter your current passbook balance as a lump sum in a compound interest calculator at 8.2% for the remaining years.
Sukanya Samriddhi Yojana withdrawal calculator
You can withdraw up to 50% of the balance at the end of the previous financial year once your daughter turns 18 or passes Class 10. Use the year-wise table as a withdrawal calculator: find the balance for the year before you withdraw and halve it. With ₹1.5 lakh a year from age 1, the balance in the year she turns 18 is roughly ₹52 lakh, so up to about ₹26 lakh can be withdrawn for higher education.
Sukanya Samriddhi Yojana calculator documents required and list of banks
The documents required are the girl's birth certificate, the parent's Aadhaar and PAN, address proof and photographs. You can open the account at any post office or authorised bank, including SBI, Punjab National Bank, Indian Bank, UCO Bank, Union Bank of India (UBI), Punjab and Sind Bank and J&K Bank. The interest rate and rules are the same everywhere, so this Sukanya Samriddhi Yojana calculator gives the same answer for an Indian Bank account, a Punjab and Sind Bank account or a dak vibhag (India Post) account. The scheme is national, so a Sukanya Samriddhi Yojana account in Jharkhand or any other state follows the same rules and the same calculator.
Sukanya Samriddhi Yojana calculator for boy child and NRI
There is no Sukanya Samriddhi Yojana calculator for a boy child because the scheme is only for girls. For a son, the closest option is a PPF account opened by a parent; try the PPF calculator. An NRI cannot open a new SSY account; the girl must be a resident Indian when the account is opened.
Sukanya Samriddhi Yojana vs NPS Vatsalya calculator
| Sukanya Samriddhi Yojana | NPS Vatsalya | |
|---|---|---|
| Who | Girls below 10 | Any child below 18 |
| Return | 8.2% fixed by government, tax-free | Market-linked, not guaranteed |
| Deposit | ₹250 to ₹1.5 lakh a year, 15 years | Minimum ₹1,000 a year, no upper limit |
| Money available | At 21, or 50% at 18 for education | Moves to regular NPS at 18; long-term pension |
SSY suits a guaranteed education or marriage fund for a daughter. NPS Vatsalya suits long-term retirement saving for a child; estimate it with the NPS calculator.
Frequently asked questions
How is Sukanya Samriddhi Yojana interest calculated?
Interest is calculated monthly on the lowest balance between the 5th and month-end, compounded yearly and credited at the end of the financial year. At 8.2%, deposit before 5 April to earn the full year’s interest.
What is the SSY maturity amount for ₹1.5 lakh a year?
At 8.2%, depositing ₹1,50,000 every year for 15 years grows to about ₹71.8 lakh at maturity after 21 years. You invest ₹22.5 lakh and earn about ₹49.3 lakh of tax-free interest.
How many years do I need to deposit in Sukanya Samriddhi Yojana?
You deposit for 15 years from opening. The account then earns interest for another 6 years and matures 21 years after it was opened.
What is the current Sukanya Samriddhi Yojana interest rate?
The SSY rate is 8.2% per annum for July–September 2026. The Government reviews it every quarter.
What is the maximum deposit in SSY?
You can deposit a minimum of ₹250 and a maximum of ₹1,50,000 in a financial year.
What is ₹1,000 a month in Sukanya Samriddhi Yojana worth?
Depositing ₹12,000 a year (₹1,000 a month) for 15 years at 8.2% gives about ₹5.75 lakh at maturity if you pay ₹12,000 at the start of each year, or about ₹5.55 lakh if you pay ₹1,000 before the 5th of every month.
Is Sukanya Samriddhi Yojana tax free?
Yes. It has EEE status: deposits qualify for Section 80C (old regime), and both interest and maturity are exempt from tax.
What is the Sukanya Samriddhi Yojana calculator formula?
Balance after 15 years = D × [((1 + r)^15 − 1) ÷ r] × (1 + r), then maturity = that balance × (1 + r)^6. At 8.2%, ₹1.5 lakh a year gives about ₹71.82 lakh.
Is there a Sukanya Samriddhi Yojana account for a boy child?
No. SSY is only for girls below 10. For a boy, parents usually open a PPF account instead.
Can I deposit a variable amount in SSY?
Yes. Any amount from ₹250 to ₹1.5 lakh a year is allowed and it can change every year. For an estimate, enter your average yearly deposit in the calculator.
How much can I withdraw from SSY at 18?
Up to 50% of the balance at the end of the previous financial year, for higher education, once your daughter turns 18 or passes Class 10.
Last updated 2026-09-18