About This Calculator
This free Sukanya Samriddhi Yojana calculator uses the official year-by-year compounding method, verified against government sources, and updated for FY 2025-26. There's no sign-up and no download — results are instant, and every input is processed locally in your browser, so your financial data is never transmitted or stored anywhere.
Results are indicative estimates based on the inputs you provide. Actual returns may vary if the government revises the interest rate during your daughter's account tenure (it's reviewed quarterly). For significant financial decisions, consult a qualified SEBI-registered financial advisor.
What Is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana is a government-backed savings scheme launched under the 'Beti Bachao Beti Padhao' initiative, specifically for the financial future of a girl child. It offers one of the highest guaranteed, fixed-income interest rates among all small savings schemes in India.
The 15 vs 21 Year Timeline
You're required to make deposits for 15 years from the date the account is opened. After Year 15, no further deposits are needed or allowed — but your existing balance keeps earning interest for 6 more years, until the account fully matures at Year 21.
EEE Tax Benefit
Like the Public Provident Fund (PPF), SSY falls under the EEE (Exempt-Exempt-Exempt) tax category under the Old Tax Regime: contributions up to ₹1,50,000 qualify for Section 80C deduction, the interest earned each year is completely tax-free, and the final withdrawal at maturity carries zero tax liability.
Worked Example
Anita opens an SSY account for her 3-year-old daughter in April 2026, depositing ₹1,50,000/year (maximum) before the 5th of April each year. At the current 8.2% interest rate, by Year 21 the account reaches a maturity value of roughly ₹71.8 lakh, on total deposits of ₹22,50,000 across 15 years — meaning the scheme generates around ₹49.3 lakh in interest (a 3.19x return on deposits), all of it completely tax-free.
Common Mistakes
- Opening after the girl turns 10: SSY accounts can only be opened for girls under 10 years of age. Missing this window means losing years of compounding at the high government rate.
- Not depositing the maximum early: Depositing the maximum ₹1.5L every April gives the longest compounding window across the full 21-year tenure.
- Confusing SSY with a Fixed Deposit: SSY's rate is set quarterly by the government and is typically well above FD rates — and unlike FD interest, the entire maturity amount is tax-free.
Expert Tips
- Deposit before April 5 each year: Interest is calculated on the lowest balance between the 5th and last day of the month. Depositing after April 5 means losing that month's interest — over 15 years this adds up.
- Plan your other 80C investments around it: If you max out SSY at ₹1.5L, your entire Section 80C limit (Old Regime) is already used — factor that into ELSS, PPF, or insurance planning.
- Remember the partial withdrawal option: From the year your daughter turns 18, up to 50% of the previous year's balance can be withdrawn for higher education — without closing the account.