Sukanya Samriddhi Yojana (SSY) Calculator
Secure your daughter's future with the highest-yielding government savings scheme. Plan her education and marriage corpus today.
SSY Calculation
₹71,82,127
SSY is 100% tax-free (EEE status). Deposits are allowed for 15 years, and maturity is at 21 years.
This calculation is based on current interest rate of 8.2% and assumes constant annual deposits. Actual rates are revised quarterly.
Why Invest in Sukanya Samriddhi Yojana?
SSY is designed specifically for the financial empowerment of girl children. With sovereign backing, EEE tax status, and high interest rates, it is an essential part of a parent's investment portfolio.
High Interest
Current rate of 8.2% is higher than PPF, FD, and most other debt options.
Tax Free
Section 80C deduction on deposits, and zero tax on interest and maturity.
Safety
Directly backed by the Government of India, ensuring total capital protection.
SSY Eligibility and Rules
- Opening: Only one account per girl child. Max two girls per family (three in case of twins/triplets).
- Deposits: Minimum ₹250 and Maximum ₹1.5 Lakh per financial year.
- Maturity: Account lasts for 21 years but deposits are only required for the first 15 years.
- Closure: Can be closed prematurely for marriage after the girl turns 18.
SSY Account: Key Rules and Facts
- Minimum deposit: ₹250 per year to keep the account active.
- Maximum deposit: ₹1,50,000 per year (excess does not earn interest).
- Deposit period: 15 years from account opening date.
- Maturity: 21 years from account opening date.
- Interest rate: 8.2% per annum (Q1 2026), compounded annually.
- Penalty for non-deposit: ₹50 fine per year for missing minimum deposit; account reactivated by paying arrears + penalty.
SSY vs PPF vs FD for Girl Child Savings
- SSY (8.2%): Highest guaranteed rate, EEE tax status, but exclusively for girl child education/marriage. Best choice if you have a daughter under 10.
- PPF (7.1%): Available for any family member, same EEE status, 15-year maturity. Better flexibility but lower rate.
- FD (6.5-7.5%): Highest liquidity, but interest is fully taxable. Poor long-term option due to tax drag.
- Verdict: For a girl child, SSY is unambiguously the best government-backed savings scheme.
How to Open a Sukanya Samriddhi Account
- Visit any Post Office or authorized bank branch (SBI, HDFC, ICICI, PNB, etc.).
- Fill the SSA-1 form (available at the branch or download from India Post website).
- Documents required: Girl child's birth certificate, guardian's Aadhaar, guardian's PAN card, address proof.
- Initial deposit: Minimum ₹250. Make a cheque or use online transfer.
- You will receive a passbook. Check your balance anytime on the India Post payments bank app.
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
SSY is a government-backed savings scheme for girl children in India, launched as part of the 'Beti Bachao Beti Padhao' campaign. It offers one of the highest interest rates among small savings schemes.
What is the maximum age to open an SSY account?
An SSY account can be opened in the name of a girl child from her birth until she reaches the age of 10 years.
How many years do I need to deposit money in SSY?
Deposits need to be made for a period of 15 years from the date of opening the account.
When does the SSY account mature?
The SSY account matures 21 years from the date of opening, or upon the marriage of the girl child after she turns 18 (whichever is earlier).
Can I withdraw money before maturity?
Partial withdrawal (up to 50% of the balance) is allowed for the higher education of the girl child once she turns 18 or completes the 10th standard.
What is the current Sukanya Samriddhi Yojana interest rate for 2026?
The SSY interest rate for the current quarter of 2026 is 8.2% per annum, compounded annually and credited yearly. This is among the highest guaranteed rates for small savings schemes in India. The rate is set by the Ministry of Finance each quarter.
Who can open a Sukanya Samriddhi account?
A Sukanya Samriddhi account can be opened by parents or legal guardians of a girl child under 10 years of age. A maximum of 2 accounts can be opened (one per girl child), except in the case of twin/triplet girls. The account can be opened at any post office or authorized bank.
When can I withdraw from the SSY account?
You can make one partial withdrawal per year after the girl child turns 18 and has completed Class 10. Up to 50% of the balance at the end of the previous financial year can be withdrawn for higher education or marriage expenses. Full withdrawal is allowed at maturity (21 years from account opening) or upon marriage after age 18.
What is the contribution period for SSY?
You need to deposit for only 15 years (from the date of account opening), but the account matures after 21 years from opening. After the 15-year deposit period, the balance continues to earn the prevailing SSY interest rate for the remaining 6 years without any additional deposits required.
What are the tax benefits of Sukanya Samriddhi Yojana?
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status: (1) Annual contributions up to ₹1.5 lakh are deductible under Section 80C, (2) Annual interest earned is completely tax-free, (3) The entire maturity amount is fully exempt from income tax. This makes SSY one of the best long-term tax-free savings options in India.