SSY Calculator
Calculate Sukanya Samriddhi Yojana returns for your daughter's secure future
Min: ₹250 | Max: ₹1,50,000 per year
Account can be opened until age 10
Current govt rate: 8.2% p.a. (Q4 FY 2024-25)
Maturity Amount at Age 21
₹32,28,680
SSY offers the highest interest rate among all government savings schemes with complete tax exemption (EEE status).
| Year | Age | Opening Balance | Deposit | Interest | Closing Balance |
|---|---|---|---|---|---|
| 1 | 6 | ₹0 | ₹1,00,000 | ₹8,200 | ₹1,08,200 |
| 2 | 7 | ₹1,08,200 | ₹1,00,000 | ₹17,072 | ₹2,25,272 |
| 3 | 8 | ₹2,25,272 | ₹1,00,000 | ₹26,672 | ₹3,51,945 |
| 4 | 9 | ₹3,51,945 | ₹1,00,000 | ₹37,059 | ₹4,89,004 |
| 5 | 10 | ₹4,89,004 | ₹1,00,000 | ₹48,298 | ₹6,37,303 |
| 6 | 11 | ₹6,37,303 | ₹1,00,000 | ₹60,459 | ₹7,97,761 |
| 7 | 12 | ₹7,97,761 | ₹1,00,000 | ₹73,616 | ₹9,71,378 |
| 8 | 13 | ₹9,71,378 | ₹1,00,000 | ₹87,853 | ₹11,59,231 |
| 9 | 14 | ₹11,59,231 | ₹1,00,000 | ₹1,03,257 | ₹13,62,488 |
| 10 | 15 | ₹13,62,488 | ₹1,00,000 | ₹1,19,924 | ₹15,82,412 |
| 11 | 16 | ₹15,82,412 | ₹1,00,000 | ₹1,37,958 | ₹18,20,369 |
| 12 | 17 | ₹18,20,369 | ₹1,00,000 | ₹1,57,470 | ₹20,77,840 |
| 13 | 1850% Withdrawal | ₹20,77,840 | ₹1,00,000 | ₹1,78,583 | ₹23,56,423 |
| 14 | 19 | ₹23,56,423 | ₹1,00,000 | ₹2,01,427 | ₹26,57,849 |
| 15 | 20 | ₹26,57,849 | ₹1,00,000 | ₹2,26,144 | ₹29,83,993 |
| 16 | 21Maturity | ₹29,83,993 | - | ₹2,44,687 | ₹32,28,680 |
Open Account Early
Start as soon as your daughter is born to maximize the 21-year compounding period and accumulate larger corpus.
Maximize Annual Deposits
Deposit the maximum ₹1,50,000 per year to get full tax benefit under Section 80C and maximize returns.
Deposit Before 31st March
Make deposits before March 31st to claim tax deduction for that financial year under Section 80C.
Plan for Education Withdrawal
You can withdraw 50% at age 18 for higher education expenses. Plan this strategically for college fees.
What is SSY?
Sukanya Samriddhi Yojana is a government-backed savings scheme launched under the 'Beti Bachao Beti Padhao' campaign. It's designed specifically for the girl child and offers the highest interest rate among all government savings schemes with complete tax exemption (EEE status). The scheme aims to financially empower girls by providing their parents a dedicated savings vehicle for their future education and marriage expenses.
How is SSY Interest Calculated?
SSY interest is calculated using annual compounding. The formula is:
Where: A = Maturity amount, P = Annual deposit, r = Interest rate (8.2%), n = Number of years
Key Features
- 21-year lock-in period from account opening date
- Deposits required only for first 15 years
- Interest continues to accumulate for full 21 years
- Account can be opened from birth until girl child is 10 years old
- Minimum annual deposit: ₹250 | Maximum: ₹1,50,000
- Current interest rate: 8.2% p.a. (compounded annually)
- Tax deduction under Section 80C up to ₹1.5 lakh
- Interest earned and maturity amount completely tax-free
- 50% withdrawal allowed after girl turns 18 for higher education
- Account transferable anywhere in India
When to Use SSY?
- Planning for your daughter's higher education expenses
- Building a corpus for your daughter's marriage
- Seeking highest interest rate with complete safety
- Want tax-free returns with tax-deductible investments
- Long-term disciplined savings for girl child's future
- Looking for government-backed guaranteed returns
Disclaimer
This SSY calculator provides estimates based on the inputs provided and current interest rates. Actual returns may vary based on interest rate revisions by the Government of India. The calculator assumes consistent deposits and does not account for penalties or missed deposits. Always verify with official SSY scheme documents and consult your bank or post office for accurate calculations. Interest rates are subject to quarterly revision by the government.