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SSY (Sukanya Samriddhi Yojana) Calculator

Use this easy SSY calculator to understand how your investment will grow over time,adjusted for inflation.

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SSY Breakdown.

SSY (Sukanya Samriddhi Yojana) Breakdown
Year Opening Balance (₹) Invest (₹) Est. Interest (₹) Closing Balance (₹)
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SSY Calculator — Plan Your Daughter's Financial Future With Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana (SSY) is one of the most rewarding savings schemes a parent can use for a girl child's future — combining a sovereign government guarantee, one of the highest interest rates among small savings instruments (8.2% p.a. as of 2024), and complete EEE tax status (contributions deductible under 80C, interest tax-free, maturity amount tax-free). This SSY Calculator shows you exactly how your annual deposits compound over the scheme's 21-year horizon, with a year-by-year breakdown of opening balance, investment, interest earned, and closing balance — plus an optional inflation adjustment to understand the real purchasing power of your maturity corpus.

Enter your annual deposit amount (₹250 to ₹1,50,000) and the start year. The calculator applies the current SSY rate and builds a complete schedule through the 15 deposit years and the remaining 6 years of passive compounding until maturity — giving you the total invested, total interest earned, and the final maturity value.

The SSY Formula and How Compounding Works Over 21 Years

SSY interest is calculated on the minimum balance between the 5th and last day of each calendar month, then summed and credited at the end of the financial year. For planning purposes, the annual compounding formula is:

F = P × [((1 + r)n − 1) ÷ r] × (1 + r)

Where P = annual deposit, r = annual interest rate (8.2% = 0.082), n = number of deposit years (15). Total tenure is 21 years — you deposit for 15 years, then the balance compounds for 6 more years without any new deposits.

Example: ₹1,50,000/year for 15 years at 8.2%. Total invested = ₹22,50,000. Maturity amount after 21 years ≈ ₹71,82,119. Tax-free interest earned ≈ ₹49,32,119 — more than double the amount you invested, entirely free of tax. The 6 years of passive compounding after the 15th deposit year account for a significant portion of this gain.

SSY's Critical Rule: Deposit Before 5 April Every Year

Identical to PPF, SSY interest is calculated on the minimum balance from the 5th to the last day of each month. Depositing before 5 April (start of the financial year) means your full annual deposit earns interest for the entire year. Depositing after 5 April loses that month's interest on the new deposit. Over 15 years, consistently depositing before 5 April can add ₹2–4 lakh to your final corpus on maximum annual contributions — a difference worth maintaining.

SSY vs PPF vs ELSS — Choosing the Right Long-Term Scheme for a Girl Child

SSY vs PPF: SSY currently offers 8.2% vs PPF's 7.1% — a 1.1% advantage that compounds significantly over 21 years. Both have EEE tax status. SSY is exclusively for girl children (under 10 at account opening); PPF is for any individual. The higher SSY rate makes it the preferred instrument specifically for a daughter's education and marriage corpus. However, SSY has a fixed 21-year tenure and less liquidity than PPF.

SSY vs ELSS: ELSS can deliver 12–15% CAGR over long periods but returns are not guaranteed and involve market risk. SSY's 8.2% is fixed and guaranteed — in a 2008-style market crash that hits a 21-year ELSS portfolio, SSY would outperform significantly. For parents with low risk tolerance or who specifically need a predictable corpus for their daughter at 18–21, SSY is the safer, more appropriate choice. Many parents use both: SSY for the guaranteed base and an ELSS SIP for the higher-growth component.

Partial Withdrawal and Premature Closure Rules

Partial withdrawal at 18: After the girl turns 18 (and the account is at least 5 years old), you can withdraw up to 50% of the balance at the end of the preceding financial year. This can be used for higher education expenses. The withdrawal can be taken as a lump sum or in up to 5 annual instalments.

Account closure at marriage: The account can be closed prematurely on the girl's marriage after she turns 18, provided the account has been open for at least 5 years. The full balance is paid out tax-free on marriage — this makes SSY uniquely useful as a marriage fund that also serves as an education fund.

Premature closure (other cases): Allowed only for: death of the account holder, life-threatening disease of the account holder, death of the guardian, or extreme financial hardship (subject to approval). On premature closure for other reasons, interest is paid at post office savings rate (not SSY rate) — a significant penalty.

Frequently Asked Questions About SSY

No. The account must be opened before the girl turns 10 years old. There is a one-year grace period: if a girl is born on 1 January 2015, the last date to open an SSY account for her is 31 December 2025 (she must not have completed 10 years). Once the girl turns 10, no new SSY account can be opened in her name.
A family can open a maximum of two SSY accounts — one per girl child. If the second birth results in twins or triplets (making it 3 or more girls), a third account is permitted with documentary proof. Only one account per girl child is allowed at any time — you cannot open two accounts for the same daughter.
The account can be closed on the occasion of the girl's marriage, provided she is at least 18 years old at the time of closure. The full balance is paid out. The account cannot continue after marriage — even if the 21-year tenure hasn't ended. This makes SSY a dual-purpose instrument that automatically closes and disburses funds at one of two key life events: marriage or 21 years.
Once the girl turns 18, she can operate the account independently — making deposits, requesting withdrawals, and eventually closing the account herself. Before 18, the account is operated by the parent or legal guardian. This transition of account control at 18 aligns naturally with higher education funding needs.
You are required to deposit for only 15 years from the date of account opening. In years 16 through 21, no new deposits are made, but the existing balance continues to earn SSY interest (currently 8.2%) compounded annually. This 6-year passive compounding period can add substantially to the final corpus — for a ₹50 lakh balance at year 15, six more years at 8.2% adds approximately ₹30 lakh, bringing the corpus to about ₹80 lakh.
No. The Section 80C deduction for SSY contributions applies only under the old tax regime. Under the new tax regime (default from FY 2024-25), no deduction is available for SSY. However, the interest earned and the maturity amount remain tax-free regardless of which regime you file under — the tax exemption on interest and maturity is not dependent on the regime.
Depositing the full ₹1,50,000 as a single lump sum before 5 April every year maximizes interest earnings — the entire amount earns interest for all 12 months of the financial year. Monthly instalments lose a portion of the interest benefit since later monthly deposits earn interest for fewer months. If a single large deposit is not feasible, quarterly is the next best option. Regardless of frequency, ensure at least the minimum ₹250/year to keep the account active.