Sukanya Samriddhi Yojana Calculator — SSY Maturity Amount

What is a Sukanya Samriddhi Calculator?

The Sukanya Samriddhi Yojana (SSY, सुकन्या समृद्धि योजना) is a government-backed savings scheme for the girl child, launched in 2015 under the Beti Bachao Beti Padhao campaign. It offers one of the highest interest rates among small savings schemes, complete tax exemption and a sovereign guarantee. A Sukanya Samriddhi calculator shows what your yearly deposits will grow to by the time the account matures — and how much will be available when your daughter turns 18 and needs money for college.

This free tool follows the scheme's structure exactly: deposits for 15 years, maturity 21 years after opening, and yearly compounding. It shows the maturity amount, the interest earned, the year and age at maturity, the balance at 18, a chart and a full year-by-year table.

Key Features

• Maturity amount in rupees and lakh.
• Total deposited and interest earned.
• Maturity year and your daughter's age at maturity.
• Balance at 18, when up to 50% can be withdrawn for education.
• Year-by-year table with her age in each year.
• Any rate, so you can test a lower future rate.

How to Use It

1. Enter the yearly deposit — between ₹250 and ₹1,50,000. For a monthly plan, multiply by 12.
2. Enter your daughter's age when the account opens (0 to 10).
3. Keep the interest rate at 8.2% or enter another to test.
4. Enter the year the account opens.
5. Read the maturity amount, interest, maturity year and balance at 18.

How SSY Maturity is Calculated

For each of the 21 years: Balance = (Previous balance + This year's deposit) × (1 + rate). Deposits are added only in years 1 to 15; in years 16 to 21 the balance simply grows. The calculator assumes each deposit is made at the start of the financial year, before 5 April, so it earns interest for the whole year.

Example: ₹1,50,000 deposited every year at 8.2%:

• Total deposited over 15 years: ₹22,50,000
• Balance after 15 years: about ₹44,75,989
• Maturity after 21 years: about ₹71,82,119
• Tax-free interest: about ₹49,32,119

Notice that the last six years, with no deposits at all, add more than ₹27 lakh. That is compounding doing the heavy lifting.

SSY Maturity at 8.2%

The maturity is a little over three times the amount deposited at the current rate. If the rate fell to 7.6% for the whole period, the maximum deposit would mature at about ₹65.9 lakh — still a strong result, but a reminder that the rate can change.

Sukanya Samriddhi Yojana Rules at a Glance

Rules are notified by the Ministry of Finance and can be amended. Confirm the latest details at your post office or bank before opening an account.

The Balance at 18: Planning for College

For many families the most important number is not the maturity amount but the money available when their daughter starts higher education. Once she turns 18 or passes Class 10, up to 50% of the balance at the end of the previous financial year can be withdrawn for education. The calculator shows the balance in the year she turns 18.

For example, if the account is opened at birth with ₹1,50,000 a year, the balance after 18 years is about ₹56.7 lakh, so up to roughly ₹28 lakh could be withdrawn for college. If the account is opened at age 3, she turns 18 in year 15 and the balance is about ₹44.8 lakh. Opening early gives the money more time to compound before it is needed.

Tax Benefits: Why SSY is EEE

• Deposit: deductible under Section 80C, up to ₹1.5 lakh a year combined with other 80C investments — only in the old tax regime.
• Interest: tax-free every year.
• Maturity: fully tax-free.

Even if you use the new tax regime and cannot claim 80C, the interest and maturity remain tax-free — which makes SSY's 8.2% equivalent to a much higher pre-tax return for someone in the 20% or 30% bracket. Compare your regimes with our Income Tax Calculator.

SSY vs PPF vs Mutual Fund SIP

Many parents use SSY as the safe, guaranteed core of a daughter's education fund and add an equity SIP for extra growth. See our PPF Calculator and SIP Calculator to compare.

How to Open an SSY Account

1. Visit a post office or an authorised bank branch (most large public and private banks offer SSY).
2. Fill in the SSY account opening form with the girl's and guardian's details.
3. Attach the girl's birth certificate, and the parent's or guardian's identity and address proof (such as Aadhaar and PAN) and photographs.
4. Make the first deposit — at least ₹250 — in cash, cheque or online where supported.
5. Collect the passbook. Many banks then let you deposit through net banking.

The account can be transferred anywhere in India if you move city, free of charge with proof of the change of address.

Does the Opening Age Change the Maturity?

Not the amount — the maturity depends on deposits and rate, not age, because the account always runs 21 years from opening. What changes is when the money arrives. Open at birth and the account matures when she is 21; open at age 8 and it matures at 29. For a goal like college at 18, an earlier start means a bigger balance at 18. If your daughter is already 8 or 9, consider pairing SSY with a shorter-term option for the education years.

Tips to Get the Most From SSY

• Deposit early in the financial year — before 5 April — so the money earns interest for all 12 months.
• Open the account as early as possible; it matures 21 years from opening, not at a fixed age.
• Set up auto-debit through your bank to avoid missing the minimum deposit.
• Keep the passbook updated and check the interest credit each year.
• Plan the 18-year withdrawal alongside other savings for college.

Common Mistakes

• Assuming the rate is fixed for 21 years — it is reviewed every quarter.
• Depositing late in the year — you lose months of interest.
• Missing the minimum deposit — the account goes into default.
• Thinking maturity is at age 21 — it is 21 years after opening.

Why Use This Sukanya Samriddhi Calculator?

The SSY's long, two-phase structure — 15 years of deposits, then six years of pure growth — makes it hard to estimate in your head. This calculator handles the whole 21-year timeline, shows the balance at the age that matters for college and lets you test a lower rate in one tap. It is free, needs no sign-up and runs entirely in your browser. Nothing you enter is stored or sent anywhere, so you can try as many deposit amounts and rates as you like.

Sukanya Samriddhi Calculator — Key Facts

Frequently Asked Questions

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