₹50,000 a year
15 deposits of ₹50,000, ₹7.5 lakh in total, grow to ₹23.94 lakh at 8.2% when the account matures after 21 years.
Sukanya Samriddhi Yojana calculator
1.5 lakh
%
8.2% for Oct–Dec 2026.
Maturity value
₹71,82,119
Paid when she is 24. You deposit for 15 years.
- Deposited
- ₹22,50,000
- Interest
- ₹49,32,119
How Sukanya Samriddhi works
Sukanya Samriddhi Yojana (SSY) is a small-savings scheme for a girl child. A parent or guardian can open it at a post office or authorised bank before she turns 10. Each girl can have only one account, and a family can usually have two, or three when twins or triplets are born. Deposits run from ₹250 to ₹1,50,000 a financial year for the first 15 years. The account then keeps earning until it matures 21 years after it was opened.
The rate is set every quarter. It is 8.2% for October to December 2026, the same as every quarter since January 2024. The tool keeps that rate for all 21 years. If the rate falls, the real maturity will be lower, so treat the result as a projection. Interest is credited once a year. As with PPF, a deposit made early in the financial year earns more than one made in March.
From age 18, or after she passes Class 10 if that is earlier, up to 50% of the previous year's balance can be withdrawn for education. The account can also be closed early for her marriage after 18. In the old regime, deposits count towards the 80C limit, which is shared with PPF and ELSS. To compare SSY with an equity plan, see the SIP calculator, and test the effect of rising costs with the inflation calculator.
Sources
What this calculator does not account for
- Future changes to the scheme rate, which is reset every quarter.
- Partial withdrawals for education, which lower the final amount.
How this is calculated
Formula: 15 deposits, 21 years of growth
balance =Σ deposit × (1 + r)^(22 − year), year 1…15What the symbols mean
- deposit₹250 to ₹1,50,000 a financial year.
- r8.2% a year for Oct–Dec 2026.
Good to know
- The account can be opened for a girl under 10.
- Up to 50% can be withdrawn for education after she turns 18.
Read the full methodologyFound an error? Contact us
Worked examples
Each example is worked out by the same code as the calculator above.
The maximum ₹1.5 lakh a year
₹22.5 lakh deposited over 15 years grows to ₹71.82 lakh at 8.2%, if each deposit goes in at the start of the year. Paying later in the year gives a little less.
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<iframe src="/embed/sukanya-samriddhi" title="Sukanya Samriddhi" width="100%" height="720" style="border:0;max-width:42rem" loading="lazy"></iframe>Questions
How long do I pay into SSY?
15 years from opening. The balance keeps earning interest until the account matures at 21 years.
What does ₹1.5 lakh a year become?
About ₹71.8 lakh at 8.2% with deposits at the start of each year, on ₹22.5 lakh deposited.
Is the maturity taxable?
No. SSY is exempt-exempt-exempt: deposits qualify under 80C in the old regime, and interest and maturity are tax-free.
What if I miss the minimum SSY deposit?
The account becomes a defaulted account. You can revive it within 15 years of opening by paying ₹250 for each missed year plus a ₹50 penalty for each year.
Can SSY be opened for a girl aged 10 or older?
No. The account has to be opened before she turns 10.
When can money be withdrawn for education?
Once she turns 18 or passes Class 10, whichever is earlier. You can withdraw up to 50% of the balance at the end of the previous financial year.