Calculate the maturity corpus and total interest for Sukanya Samriddhi Yojana — India's best government-backed savings scheme for your daughter. Compare with SIP, PPF and FD returns using our calculators.
Last updated: 2026 · Rates as per latest government notification (8.2% p.a.)
⚠️ Calculations are approximate and for illustration purposes only.
| Year | Child Age | Phase | Annual Deposit | Total Invested | Interest (Year) | Balance (Year End) |
|---|
How does Sukanya Samriddhi Yojana compare to other popular safe savings options in India?
| Feature | 👧 SSY | 🏛️ PPF | 💎 FD |
|---|---|---|---|
| Interest Rate | 8.2% (Q1 2026) | 7.1% (Q1 2026) | 6.5–7.5% (varies by bank) |
| Eligibility | Girl child below age 10 | Any Indian resident | Any individual |
| Tenure | 21 years from opening | 15 years (extendable) | 7 days to 10 years |
| Deposit Period | First 15 years only | Up to 15 years | One-time lump sum |
| Annual Limit | Min ₹250 · Max ₹1.5L | Min ₹500 · Max ₹1.5L | No limit |
| Tax Deduction | Section 80C (₹1.5L) | Section 80C (₹1.5L) | Only 5-yr Tax Saver FD |
| Maturity Tax | Tax-free (EEE) | Tax-free (EEE) | Interest fully taxable (TDS) |
| Partial Withdrawal | After girl turns 18 (education/marriage) | From 7th financial year (up to 50%) | Premature closure with penalty |
| Risk Level | Zero (Govt. backed) | Zero (Govt. backed) | Zero (DICGC insured up to ₹5L) |
| Best for | Education/marriage corpus for daughter | Retirement / long-term wealth | Short to medium-term savings |
| Calculate Returns | 🧮 Use Sukanya Samriddhi Yojana (SSY) Calculator | 🧮 Use PPF Calculator | 🧮 Use FD Calculator |
*Rates as of 2026 Q1. Subject to revision by the government. Verify with your bank before investing.
Build a tax-free education and marriage corpus for your daughter with India's highest-interest government savings scheme. SSY combines disciplined savings, sovereign guarantee, and the power of 21-year compounding.
SSY enjoys Exempt-Exempt-Exempt status — the highest tax advantage in India:
This is identical to PPF and better than FDs (where interest is taxable).
SSY is a sovereign-guaranteed scheme under the Government of India's "Beti Bachao, Beti Padhao" initiative. There is zero default risk. The interest rate (currently 8.2% p.a.) is the highest among all post office small savings schemes and is revised quarterly by the government. Unlike market-linked investments, your principal and accumulated interest are completely secure.
SSY has a unique two-phase structure:
The 6-year passive compounding phase is what makes SSY's final corpus so powerful.
Example — Maximum contribution:
Example — Modest contribution:
You can open an SSY account at any authorised post office or designated bank branches (SBI, HDFC, ICICI, Axis, and others).
Documents typically required:
The account can be operated online through net banking once opened (varies by bank).
While SSY offers guaranteed, tax-free returns at ~8.2%, equity mutual funds (like ELSS or diversified SIPs) have historically generated 10–13% p.a. over long horizons.
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the 'Beti Bachao, Beti Padhao' initiative. It allows parents or legal guardians to open a savings account in the name of a girl child below 10 years of age. The scheme offers one of the highest interest rates among post office savings schemes (currently 8.2% p.a.) with a complete EEE tax exemption.
A Sukanya Samriddhi Yojana (SSY) Calculator estimates the maturity amount of a Sukanya Samriddhi Yojana account based on your monthly or yearly deposit amount, the number of years you contribute (up to 15), and the current interest rate. It helps parents visualise how their regular savings grow into a substantial, tax-free corpus over the 21-year account tenure.
An SSY account matures 21 years after the date of opening, regardless of when you stop making deposits. Deposits are only accepted for the first 15 years. After that, the balance continues to earn interest at the notified rate until the 21st year when the full maturity amount becomes payable.
The minimum annual deposit is ₹250. The maximum is ₹1.5 lakh per year, which can be deposited as a yearly lump sum or in monthly instalments of up to ₹12,500. Deposits can be made through cash, cheque, demand draft, or online transfer.
Yes. SSY enjoys Exempt-Exempt-Exempt (EEE) tax status:
Interest is calculated on the lowest balance between the 5th and last day of each month and credited annually to the account at the end of the financial year. This means depositing before the 5th of each month ensures you earn interest for that full month. The interest rate is declared by the government each quarter.
Partial withdrawal: After the girl child turns 18, up to 50% of the previous year-end
balance
can be withdrawn for higher education or marriage expenses. Proof of admission or marriage documentation is
required.
Full withdrawal: The complete maturity corpus can be withdrawn when the account matures at 21
years from opening,
or when the girl marries after turning 18 (account can be closed on marriage).
Yes. An SSY account can be transferred freely between any post office and authorised bank if the guardian or girl child moves cities or states. The transfer is free of charge once per year; subsequent transfers may attract a nominal fee. Contact your current bank or post office for the procedure.
No. NRIs are not eligible to open a new SSY account. However, if a guardian or girl child becomes an NRI after the account is already opened, the account continues until maturity but no further deposits are allowed after NRI status is established. The account must be closed if the girl acquires citizenship of another country.
If the minimum annual deposit of ₹250 is not made in any financial year, the account becomes inactive (defaulted). To reactivate it, you must pay a ₹50 penalty per missed year plus the minimum deposit of ₹250 for each defaulted year. The account can be reactivated up to the 15th year from opening.
A family can open maximum 2 SSY accounts — one per girl child. An exception applies for twins or triplets, where a third account is permitted for the third girl child, provided an affidavit confirming the multiple birth is submitted. A guardian can open at most one account per girl child.
SSY offers a higher interest rate (8.2% vs PPF's 7.1%) and the same EEE tax benefits, but it is exclusively for a girl child and matures only at 21 years. PPF is open to anyone and has shorter 15-year tenure (extendable). If you have a daughter, SSY is the better choice for building her education/marriage corpus. Use our PPF Calculator to compare both.
Premature closure is permitted only in limited circumstances:
Interest in premature closure scenarios is paid at the relevant post office savings rate.
SSY accounts can be opened at any India Post (post office) branch or at authorised public and private sector banks, including SBI, Bank of Baroda, Punjab National Bank, HDFC Bank, ICICI Bank, Axis Bank, and others. Contact your nearest post office or bank branch for the current list of authorised institutions.
Historically, SSY's interest rate has ranged from 7.6% to 9.2%, often tracking slightly above India's long-run CPI inflation of 5–6%. At 8.2% today, SSY offers a real return (after inflation) of approximately 2–3%. While modest, this positive real return — combined with complete tax-free treatment and zero risk — makes SSY an excellent core savings instrument for a 21-year goal.
The calculator simulates deposits over your selected contribution period (up to 15 years) and then compounds the accumulated balance annually until year 21 (maturity). For monthly mode, it adds each monthly deposit and applies a monthly equivalent rate. For yearly mode, it adds the annual deposit at the start of each year and compounds annually. Enter the latest government-notified SSY rate to get the most accurate estimate.