SSY Sukanya Samriddhi Yojana Calculator — Free (2026)

Sukanya Samriddhi Yojana (SSY) Guide

Launched under the Government of India's 'Beti Bachao Beti Padhao' campaign, the Sukanya Samriddhi Yojana (SSY) is a specialized small savings scheme aimed at securing the financial future of the girl child.

Offering one of the highest interest rates among government-backed saving schemes and complete tax exemption, it is the absolute best risk-free investment for your daughter's education and marriage expenses.

Our SSY Calculator helps you map out the required annual contributions to reach your target corpus for your daughter's future milestones.

Key Rules of the SSY Account

• Who can open it: Parents or legal guardians can open the account in the name of a girl child. The account must be opened before she reaches the age of 10 years.
• Number of Accounts: Only one account can be opened per girl child. A family can open a maximum of two SSY accounts (for two daughters).
• Investment Limits: You must deposit a minimum of ₹250 per financial year to keep the account active. The maximum allowed deposit is ₹1,50,000 per financial year.
• Tenure Details:
  • Contribution Period: You only need to make deposits for 15 years from the date of opening the account.
  • Maturity Period: The account matures after 21 years from the date of opening, or at the time of the girl's marriage (if she is over 18), whichever is earlier. For the 6 years between the end of the contribution period and maturity, the corpus continues to earn interest without requiring any deposits.

The EEE Tax Benefit

SSY is one of the few investment vehicles that enjoys the elite "Exempt-Exempt-Exempt" (EEE) tax status under the Old Tax Regime:

1. Exempt Investment: Annual deposits up to ₹1.5 Lakhs qualify for tax deduction under Section 80C.
2. Exempt Interest: The interest compounded annually is completely tax-free.
3. Exempt Maturity: The massive final corpus withdrawn at maturity is entirely tax-free in the hands of the girl child.

SSY vs PPF: Which is better?

For a girl child, SSY is definitively superior to PPF. Historically, the Government of India sets the SSY interest rate 0.50% to 1.00% higher than the PPF interest rate. Since both offer EEE tax benefits and sovereign guarantees, the higher compounding rate of SSY makes it the undisputed choice for funding a daughter's future.

Formula

Calculation Formula

This calculator uses the following formula:

Result = (Input × Factor) + Adjustment

The specific calculation depends on:

• Input parameters you provide
• Applicable rates for the current period
• Any applicable adjustments or deductions

Understanding the Components

Each calculation component serves a specific purpose:

• Base Amount: The primary value being calculated
• Rate/Factor: The percentage or multiplier applied
• Adjustments: Additional items that affect the result
• Deductions: Amounts subtracted from the total

How to Use the Calculator

1. Enter the required input values
2. Select applicable options or rates
3. Review the detailed calculation breakdown
4. Check the final result

Comparison & Examples

Comparison Table

Category	Option 1	Option 2	Option 3
Return Rate	Low	Medium	High
Risk Level	Very Low	Medium	High
Liquidity	Low	Medium	High
Tax Treatment	Taxable	Partially Tax-free	Tax-free
Suitable For	Conservative	Balanced	Aggressive

Features Comparison

Feature	Bank	NBFC	Fintech
Interest Rate	Lower	Higher	Competitive
Approval Time	3-7 days	1-3 days	Few hours
Documentation	High	Medium	Low
Customer Support	Traditional	Modern	Digital
Digital Options	Limited	Good	Excellent

Sukanya Samriddhi Yojana Growth Projection

Investment Growth Example:

Scenario: Open account at daughter's age 5, invest ₹50,000/year

By age 10 (5 years investment):

• Total invested: ₹2.5 lakhs
• With 8% interest: ₹2.95 lakhs
• Interest earned: ₹45,000

By age 18 (Maturity):

• Total invested: ₹6.5 lakhs
• With 8% interest: ₹10.5 lakhs
• Interest earned: ₹4 lakhs
• Your ₹6.5L became ₹10.5L (61% return)

By age 21 (Post-maturity, if allowed):

• Account continues with 8% interest
• Value grows to ₹13+ lakhs

Tax Benefits Breakdown:

Income Tax Savings:

• ₹50,000 annual investment = ₹50,000 deduction under 80C
• Tax saved at 20% bracket: ₹10,000/year
• Tax saved at 30% bracket: ₹15,000/year
• 18-year tax savings: ₹1.8L - ₹2.7L

Growth is Tax-Free:

• ₹4 lakh interest earned = ₹0 tax
• Compare to FD earning ₹4L = ₹1-1.2L tax (at 20-30% rate)
• SSY saves ₹1-1.2L in tax

Maturity Amount is Tax-Free:

• ₹10.5L received = Fully tax-free
• FD with same return: ₹10.5L but interest taxable

Total advantage: ₹3L in tax savings + compound growth advantage

Frequently Asked Questions

Can I withdraw money from SSY before 21 years?

Yes, partial withdrawal up to 50% of the balance at the end of the preceding financial year is allowed for the higher education of the girl child once she attains the age of 18 or passes the 10th standard. The account can also be closed prematurely if the girl gets married after turning 18.

Who operates the SSY account?

The account is operated by the parent or legal guardian until the girl child reaches the age of 18. Once she turns 18, she must take over the operation of the account herself by submitting KYC documents to the bank/post office.

What happens if I fail to deposit the minimum ₹250 in a year?

The account is classified as 'account under default'. It can be revived at any time before 15 years by paying a penalty of ₹50 for every year defaulted, along with the minimum deposit of ₹250 for each missed year.

When is the best time to deposit money into SSY?

Interest in an SSY account is calculated on the lowest balance between the 5th and the last day of every month. Therefore, to maximize your interest, ensure you deposit your monthly/yearly contributions on or before the 5th day of the month.

Can NRIs invest in Sukanya Samriddhi Yojana?

No, NRIs cannot open an SSY account. The girl child must be a resident Indian citizen at the time of opening the account and must remain so until maturity. If her status changes to NRI during the tenure, the account will be closed and no further interest will be paid.

What happens to the account if the girl gets married before 21 years?

The operation of the SSY account is not permitted beyond the marriage of the girl child. The account will have to be closed prematurely, and the entire balance with interest will be paid out, provided she is not less than 18 years of age at the time of marriage.

Related Calculators

Income Tax Calculator • TDS Calculator • Tax Slab Calculator

Disclaimer

This calculator is provided for informational purposes only. It is not financial, investment, tax, or professional advice. Results are estimates based on the assumptions and inputs you provide. Always consult with a qualified financial advisor or tax professional before making any financial decisions. Past performance is not a guarantee of future results.

Sources & References

The figures, formulas, and guidance behind this SSY Calculator India (Sukanya Samriddhi Yojana) draw on authoritative primary sources. For verification and further reading:

• Income Tax Department, Government of India
• Reserve Bank of India
• Securities and Exchange Board of India
• Association of Mutual Funds in India

Frequently Asked Questions