SSY Calculator
Sukanya Samriddhi Yojana is the highest-rate small-savings scheme in India — 8.2%, fully tax-free (EEE), for a girl child's future. You deposit for 15 years; the account matures in 21.
Max it: ₹1.5 lakh a year for 15 years at 8.2% grows to about ₹69.8 lakh — ₹22.5 lakh deposited, ₹47.3 lakh of tax-free interest. Few instruments beat that combination of safety, rate and tax treatment.
Four steps, thirty seconds.
Enter your yearly deposit. ₹250 minimum, ₹1.5 lakh maximum per financial year.
Check the rate. Defaults to the current 8.2%; the government revises it quarterly.
Read the maturity value. That's the tax-free sum available when your daughter turns 21 (account-wise).
Note the deposit window. Only the first 15 years accept deposits — the last 6 years are pure compounding. Don't miss early years.
The method: deposits added in years 1–15, whole balance compounded yearly at 8.2% through year 21.
Worked example: ₹1.5 lakh/year for 15 years at 8.2% → ≈ ₹69.8 lakh at maturity, entirely tax-free.
SSY rules per Department of Economic Affairs notifications; rate 8.2% verified October 2026.
A parent or guardian for a girl child below 10. One account per girl, max two accounts per family (three in case of twins/triplets).
Partial withdrawal up to 50% is allowed for the girl's higher education after she turns 18. Premature closure is permitted in specific hardship cases with documentation.
A ₹50 penalty per missed year revives the account; missed years simply earn no deposit. The account doesn't close.
SSY pays more (8.2% vs 7.1%) and is earmarked for the child, but only a girl child's guardian can open it and deposits stop at 15 years. PPF is open to everyone with a 15-year rolling structure.
Yes — EEE status: 80C deduction on deposits, tax-free interest, tax-free maturity. Among the best tax treatments available anywhere.
Disclaimer: Educational illustration only — not financial advice. SSY rate is revised quarterly; calculator uses the rate you enter.