SSY Calculator
Calculate Sukanya Samriddhi Yojana maturity amount for your daughter. See interest earned over 21 years with Section 80C tax benefits. Free SSY calculator.
What is SSY Calculator?
The SSY (Sukanya Samriddhi Yojana) Calculator projects the maturity amount when a girl child turns 21, based on annual deposits during the first 15 years. SSY offers one of the highest risk-free interest rates among government schemes.
Is my financial data safe?
Absolutely. All calculations happen locally in your browser. No data is sent to any server. Your financial information never leaves your device.
How to Calculate SSY Maturity
- Enter your annual deposit amount (min ₹250, max ₹1,50,000)
- The current SSY interest rate is pre-filled (8.2%)
- Click Calculate to see maturity amount at age 21, total deposits, and interest earned
How SSY Calculator is Calculated
Deposit for 15 years; money grows for 21 years total. Interest is compounded annually at the SSY rate (currently 8.2%). The account matures when the girl child turns 21.
Worked Example
₹1,50,000/year for 15 years at 8.2%: Total deposits = ₹22,50,000. Interest earned = ₹46,77,578. Maturity at age 21 = ₹69,27,578 — all tax-free.
Common Use Cases
- Daughter's education and marriage fund
- Tax saving under Section 80C
- High-interest risk-free savings
- Long-term goal for girl child
Common Mistakes to Avoid
- Depositing after March 31 — deposits made in the new FY count for that year's interest calculation from April.
- Opening the account after the girl turns 10 — SSY account can only be opened for a girl child below 10 years of age.
- Not depositing the minimum ₹250/year — the account gets deactivated and incurs a ₹50 penalty for reactivation.
- Assuming the 8.2% rate is permanent — like PPF, the rate is reviewed quarterly and can change.
Frequently Asked Questions
What is the current SSY interest rate?
The SSY interest rate for Q1 FY 2025-26 is 8.2% per annum, compounded annually. It is among the highest rates for a government-backed, risk-free savings scheme.
Is SSY tax-free?
Yes, SSY has EEE status — contributions get 80C deduction, interest is tax-free, and the maturity amount is completely tax-free.
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Why Use This Calculator?
Sukanya Samriddhi Yojana is a government-backed savings scheme for the girl child, offering 8.2% interest (highest among small savings schemes). Open it for a daughter under 10 years, contribute for 15 years, and the account matures when she turns 21. Maximum ₹1.5 lakh/year qualifies for Section 80C. Interest and maturity are completely tax-free.
What This Tool Offers
- Maturity amount calculator
- Year-by-year balance projection
- Partial withdrawal rules (50% after 18 for education)
- Tax savings under 80C
- Compare with PPF and FD returns
- Multiple daughter accounts support
Calculation Method
SSY uses annual compounding at 8.2%. Balance(n) = Previous Balance × (1 + 0.082) + Current Year Deposit. Contributions for 15 years, maturity at 21 years from opening.
Worked Example
Deposit ₹1,50,000/year for 15 years at 8.2%. Total deposited = ₹22,50,000. Maturity at year 21 ≈ ₹73,23,000. Interest earned = ₹50,73,000 (fully tax-free).
Quick Reference Data
SSY maturity values at 8.2% interest rate
| Annual Deposit | Total Invested (15y) | Maturity (21y) | Interest Earned |
|---|---|---|---|
| ₹12,000 | ₹1,80,000 | ₹5,86,226 | ₹4,06,226 |
| ₹50,000 | ₹7,50,000 | ₹24,41,086 | ₹16,91,086 |
| ₹1,00,000 | ₹15,00,000 | ₹48,82,172 | ₹33,82,172 |
| ₹1,50,000 | ₹22,50,000 | ₹73,23,258 | ₹50,73,258 |
Expert Tips
- 💡 Open the account as early as possible — contributions for 15 years, but interest accrues for 21 years.
- 💡 Minimum annual deposit is just ₹250 — but maximize to ₹1.5L for best returns.
- 💡 Partial withdrawal of 50% allowed after girl turns 18 for higher education.
- 💡 Account can be closed early for marriage after girl turns 18.
- 💡 SSY rate is reviewed quarterly by the government — currently 8.2%.
Who Is This For?
Parents of girl children, grandparents planning gifts, and financial planners recommending tax-saving instruments.
📚 Complete Guide Available
Want to learn more? Read our comprehensive guide with detailed explanations, real-world examples, expert analysis, and actionable tips.
Read: Sukanya Samriddhi Yojana Calculator: Interest Rate & Ben…Disclaimer: This calculator provides estimates for informational purposes only. Actual outcomes may vary based on applicable rates, policies, and individual circumstances. Consult a qualified financial advisor or chartered accountant before making financial decisions. See our full Disclaimer.
Methodology: Formula based on standard financial calculation methods widely used in the banking industry. See our Editorial Policy for how we validate calculators.
Maintained by: Sagar Sahni, Calc Labz | Review: formula checks, worked examples, and periodic updates
Need a correction? Contact us with the calculator name, your inputs, and the issue you found.
Last updated: April 2026