The Sukanya Samriddhi Yojana (SSY) Calculator shows how much a girl child’s savings account will grow. Enter the amount you deposit each year and the interest rate, and it works out your total deposits, the interest earned, and the final maturity amount — with a clear breakdown of how much comes from your contributions versus interest.
Sukanya Samriddhi Yojana is a government-backed small-savings scheme for a girl child, offering one of the highest interest rates among such schemes along with tax-free returns and a Section 80C deduction. The calculation runs entirely in your browser — nothing you enter is uploaded or stored.
How to use the SSY calculator
- Enter the amount you plan to deposit each year (₹250 to ₹1.5 lakh).
- Set the interest rate — the current SSY rate is 8.2% per annum, revised quarterly by the government.
- The calculator assumes the standard scheme rules: deposits for 15 years and maturity 21 years after the account is opened.
- Read the maturity value, total interest, and total deposited, updated live as you adjust the sliders.
How the SSY maturity is calculated
You contribute for the first 15 years after opening the account, and the account matures 21 years from the opening date. During the final 6 years you make no deposits, but the balance keeps earning compound interest — which is why the maturity amount is much larger than the total you put in.
Interest is compounded annually. This calculator assumes each yearly deposit is made at the start of the year, which matches the way most SSY maturity estimates are presented. Your actual figure can vary slightly depending on your exact deposit dates.
Key features of Sukanya Samriddhi Yojana
- Available for a girl child below the age of 10; one account per girl, up to two girls per family.
- Deposits qualify for a Section 80C deduction, and both the interest and maturity amount are tax-free (EEE).
- One of the highest interest rates among government small-savings schemes.
- Partial withdrawal is allowed for higher education after the girl turns 18.
Frequently Asked Questions
What is the current SSY interest rate?
The Sukanya Samriddhi Yojana rate is set by the government and reviewed every quarter. It is 8.2% per annum at present. You can change the rate in the calculator to match the rate for your period.
For how long do I need to deposit in SSY?
You deposit for 15 years from the date the account is opened. The account then continues to earn interest and matures 21 years after opening, so no deposits are needed in the last 6 years.
How much can I deposit in Sukanya Samriddhi Yojana?
A minimum of ₹250 and a maximum of ₹1.5 lakh per financial year, across a maximum of two accounts (for two girls in the family).
Is the SSY maturity amount taxable?
No. SSY has Exempt-Exempt-Exempt (EEE) status — deposits qualify for a Section 80C deduction, and the interest and the final maturity amount are completely tax-free.
When can I withdraw from the account?
A partial withdrawal of up to 50% of the balance is allowed for the girl’s higher education after she turns 18. The account fully matures 21 years after it is opened, or on her marriage after age 18.