The Sukanya Samriddhi Yojana is the Indian government's flagship savings scheme for the girl child: parents or guardians open an account for a daughter below 10, deposit up to ₹1.5 lakh a year for 15 years, and the account matures after 21 years with interest that is completely tax-free. At 8.2% p.a. (2025–26) it currently pays the highest rate of any small savings scheme — higher than PPF — and the EEE tax treatment makes the effective return even better. This SSY calculator projects the maturity value for any annual deposit, shows the year-wise growth across the 15 deposit years and 6 interest-only years, and splits deposits from tax-free interest.
How SSY works
Deposits are made for the first 15 years; the balance then compounds untouched for 6 more years until maturity at 21 years from opening. Interest is credited annually at the government-declared rate.
Example
₹1,50,000/year for 15 years at 8.2%. Total deposited: ₹22,50,000. Maturity at 21 years ≈ ₹71,80,000 — interest roughly ₹49,30,000, all tax-free.
Key rules
One account per girl child, maximum two accounts per family (three for twins/triplets in one birth). Minimum ₹250/year, maximum ₹1.5 lakh/year. Partial withdrawal (50%) allowed for the daughter's higher education after age 18; premature closure allowed for marriage after 18 with conditions.
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Frequently asked questions
What is the SSY interest rate now?
8.2% per annum (2025–26), revised quarterly by the government. The calculator lets you adjust it.
Is SSY maturity tax-free?
Yes — EEE status: 80C deduction on deposits, tax-free interest, tax-free maturity.
For how many years must I deposit in SSY?
Deposits for 15 years from account opening; the account matures after 21 years.
Can I open SSY for more than one daughter?
Yes — up to two accounts per family (a third allowed for twin/triplet girls from a single birth).