Sukanya Samriddhi Calculator
Calculate maturity amount of Sukanya Samriddhi Yojana account for your daughter's future.
Year-wise SSY Growth
| Age | Year | Deposit | Interest Earned | Balance |
|---|
SSY key rules you must know
Can be opened for a girl child below age 10 (with a relaxation for accounts opened within 1 year of birth). Maximum 2 accounts per family (3 in case of twins/triplets).
Minimum ₹250/year, maximum ₹1.5 lakh/year. Deposits are mandatory for the first 15 years from account opening. Interest continues to accrue for remaining 6 years (till maturity at 21).
After the daughter turns 18, up to 50% of the balance can be withdrawn for higher education expenses. Full maturity at age 21 or on marriage (after age 18).
How SSY interest is calculated
How Sukanya Samriddhi maturity is calculated
A Sukanya Samriddhi Yojana (SSY) account is opened for a girl child below age 10 in India. You deposit money for the first 15 years from account opening, and the account matures 21 years after opening. Interest is compounded annually at the rate set by the government (revised every quarter by the Ministry of Finance — currently around 8.2% p.a.), and continues to accrue on the balance even during the 6 years after deposits stop.
SSY maturity by annual deposit (at 8.2%)
Approximate maturity amounts assuming the account is opened at the start, deposits run for the full 15 years, and an 8.2% p.a. rate holds throughout. Actual returns vary as the government revises the rate quarterly.
| Annual Deposit | Total Deposited (15 yrs) | Approx. Maturity (at 21 yrs) |
|---|---|---|
| ₹50,000 | ₹7,50,000 | ≈ ₹23.3 lakh |
| ₹1,00,000 | ₹15,00,000 | ≈ ₹46.6 lakh |
| ₹1,50,000 | ₹22,50,000 | ≈ ₹69.8 lakh |
Frequently asked questions
How is SSY maturity calculated?
Sukanya Samriddhi maturity uses yearly compounding. Each year the deposit is added and the full balance grows by (1 + r), where r is the annual rate. You deposit for the first 15 years from account opening, and the account matures 21 years after opening — the balance keeps compounding through years 16–21 even though no new deposits are made. For example, ₹1.5 lakh/year at 8.2% grows to about ₹69.8 lakh at maturity.
What is the SSY interest rate?
The Sukanya Samriddhi Yojana interest rate is set by the Ministry of Finance and revised every quarter. The current rate is around 8.2% per annum, compounded annually and credited on 31st March. Historically it has ranged from about 7.6% to 9.2%, so the actual maturity amount can differ from estimates.
Who can open a Sukanya Samriddhi account?
A parent or legal guardian can open an SSY account for a girl child who is below 10 years of age. A maximum of two accounts are allowed per family (a third is permitted in the case of twins or triplets). The account can be opened at any post office or authorized bank branch in India with the girl's birth certificate and the guardian's ID and address proof.
Is SSY tax-free?
Yes. Sukanya Samriddhi Yojana has EEE (Exempt-Exempt-Exempt) status. Deposits qualify for a deduction under Section 80C (up to ₹1.5 lakh per year), the interest earned is fully tax-free, and the entire maturity amount is tax-free.
Can I open an SSY account at the post office?
Yes. SSY accounts can be opened at any post office or authorized bank branches (SBI, HDFC, ICICI, Axis, Bank of Baroda, etc.). You need the girl's birth certificate, parent/guardian identity proof, and address proof.
What happens if I miss a year's deposit?
The account becomes inactive. You can reactivate it by paying the minimum deposit (₹250) plus a penalty of ₹50 per default year. After reactivation, the interest and maturity calculations continue normally.
Can the account be transferred if we move cities?
Yes. SSY accounts are fully transferable between any post office and participating banks across India. The transfer is free of charge.
What is the current SSY interest rate and how often does it change?
The SSY rate is set by the Ministry of Finance each quarter. For Q1 FY2024-25 (April–June 2024), the rate is 8.2% per annum. Historically, rates have ranged from 7.6% to 9.2%. Check the Ministry of Finance notification for the latest rate.
Can I invest more than ₹1.5 lakh for better returns?
No. The maximum deposit per year is ₹1.5 lakh. Any excess amount deposited will not earn interest and will be returned. For amounts beyond ₹1.5L, consider equity mutual funds (via SIP) or PPF for the additional savings.