SSY Calculator
Calculate maturity value of Sukanya Samriddhi Yojana for your daughter
⚡ Key Takeaways — SSY 2026
- Current SSY rate: 8.2% p.a. — highest rate among all government small savings schemes
- Maximum deposit: ₹1,50,000/year for first 15 years only (minimum ₹250/year)
- Account matures when girl turns 21 — interest compounds for full 21 years
- EEE status — investment, interest and maturity all completely tax-free
- Only for girl child below age 10 — maximum 2 accounts per family
- Partial withdrawal allowed after girl turns 18 for education (up to 50% of balance)
✅ Who should open SSY
- Parents with a girl child below 10 years old
- Families wanting highest guaranteed returns for daughter's education
- Those in old tax regime seeking 80C deduction plus EEE status
- Long-horizon investors comfortable with 21-year lock-in
- Families planning a corpus for daughter's higher education or marriage
⚠️ Who should think twice
- Those who need liquidity before the girl turns 18
- Families with only sons — SSY is exclusively for girls
- Those with girl child already above 10 years — not eligible
- Investors in new tax regime where 80C deduction is not available
✓ Advantages of SSY
- 8.2% — highest government-backed rate in India
- Full EEE tax status — no tax at any stage
- Sovereign safety — backed by Government of India
- Partial withdrawal at 18 for education expenses
- Transferable across India if family relocates
✗ Limitations to Know
- Only for girl child below age 10 — not universal
- 21-year lock-in — very long investment horizon
- Rate reviewed quarterly — not guaranteed fixed for tenure
- No partial withdrawal before girl turns 18
- Max ₹1.5L/year cap — can't invest more even if desired
| Year | Girl's Age | Opening Balance | Deposited | Interest Earned | Closing Balance |
|---|
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What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government-backed small savings scheme launched under the Beti Bachao, Beti Padhao initiative. It is designed exclusively for the girl child — parents or legal guardians can open an SSY account in the name of a girl child below 10 years of age. The scheme offers one of the highest interest rates among all government savings schemes (8.2% in 2026) with full EEE tax status.
The account matures when the girl turns 21, providing a substantial corpus for higher education or marriage — entirely tax-free.
SSY Rules & Limits (2026)
| Rule | Details |
|---|---|
| Who can open | Parents or legal guardian of a girl child below 10 years |
| Maximum accounts | 1 per girl child, maximum 2 girls per family (3 if twins/triplets in second birth) |
| Minimum deposit | ₹250 per financial year |
| Maximum deposit | ₹1,50,000 per financial year |
| Deposit period | 15 years from account opening |
| Maturity | 21 years from account opening |
| Interest rate (Q1 FY2026-27) | 8.2% p.a., compounded annually |
| Tax status | EEE — fully tax-free at all three stages |
| Section 80C benefit | Up to ₹1.5 lakh per year (Old Regime) |
SSY Interest Calculation Formula
Interest is calculated on the minimum balance between the 5th and last day of each month, compounded annually. Deposit before the 5th of each month to maximise interest for that month.
SSY Calculation — Worked Example
| Annual Deposit | ₹1,50,000 |
| Deposit Period | 15 years (age 5 to 20) |
| Interest Earning Period | 16 years (age 5 to 21) |
| Total Deposited | ₹22,50,000 |
| Interest Rate | 8.2% p.a., compounded annually |
| Maturity Value (age 21) | ~₹69.8 lakh |
| Tax Status | 100% Tax-Free |
SSY vs PPF — Which is Better?
| Feature | SSY | PPF |
|---|---|---|
| Interest Rate | 8.2% p.a. (higher) | 7.1% p.a. |
| Eligibility | Girl child below 10 years only | Any Indian resident |
| Minimum deposit | ₹250/year | ₹500/year |
| Maximum deposit | ₹1,50,000/year | ₹1,50,000/year |
| Deposit period | 15 years | 15 years (extendable) |
| Maturity | When girl turns 21 | 15 years (extendable in 5-yr blocks) |
| Tax status | EEE (fully tax-free) | EEE (fully tax-free) |
| Best for | Parents of girl children — higher returns | Everyone else — more flexible |
How to Open an SSY Account in India
- Eligible age: Account must be opened before the girl turns 10 years old.
- Where to open: Any Post Office or authorised bank branch (SBI, HDFC, ICICI, Axis, PNB, Bank of Baroda, etc.).
- Documents required: Girl child's birth certificate, parent/guardian's identity proof (Aadhaar/PAN/Passport), address proof, and a passport-size photograph.
- Initial deposit: Minimum ₹250, maximum ₹1,50,000 in the first year.
- Online access: Many banks offer online SSY account management through their net banking portals once the account is opened.
SSY Withdrawal Rules
Partial withdrawal (for education): After the girl turns 18 or passes Class 10, you can withdraw up to 50% of the balance at the end of the previous financial year — for higher education expenses only. Documentary proof of admission is required.
Premature closure: Allowed in specific cases — death of the account holder, life-threatening illness, or on marriage after the girl turns 18. Normal premature closure (before maturity without these reasons) incurs an interest rate reduction of 2%.
Full maturity withdrawal: At age 21, the entire maturity amount can be withdrawn — completely tax-free, no conditions attached.
Account transfer: SSY account can be transferred anywhere in India (between Post Offices and banks) if the family relocates.