Sukanya Samriddhi Yojana Calculator (FY 2026-27)
Project the year-21 maturity amount on your daughter’s Sukanya Samriddhi account — including the unique 15-year deposit window, year-by-year compounding, and the EEE tax-free interest she’ll earn over the full tenure.
Enter your daughter’s account details
📊 Show full year-by-year breakup (21 years)
| Year | Daughter’s age | Deposit | Interest | Year-end balance |
|---|
Deposits accepted in years 1-15 only. Years 16-21 are growth-only — corpus keeps compounding tax-free until maturity.
How the Sukanya Samriddhi math actually works
SSY has a structure unlike any other small-savings scheme — a 15-year deposit window followed by a 6-year growth-only window, with a hard maturity at year 21. Once you understand this, the math drops out cleanly.
Years 1–15: Deposit allowed (₹250 to ₹1,50,000/year) + interest compounded annually
Years 16–21: NO deposits allowed — corpus continues to compound tax-free
Year 21: Account matures — full corpus paid to daughter, tax-free
The annual compounding is applied to the opening balance plus that year’s deposit (deposit assumed at the start of the year, which matches the post-office and bank convention for the highest interest credit).
The EEE triple exemption EEE
SSY is one of only three EEE categories in India alongside PPF and EPF — meaning Exempt at all three stages: deposit (Section 80C deduction up to ₹1.5L), interest (no tax on the credit each year, no TDS), and maturity (full corpus paid out tax-free). For a 30%-slab parent, the 80C deduction alone saves up to ₹46,800/year — that’s an effective post-tax return that no FD or debt mutual fund can match.
The ₹1.5 lakh family cap (most-missed rule)
The ₹1.5L limit is per family, not per account. If you have two daughters with two SSY accounts, your combined deposit across both still cannot exceed ₹1.5L per year (and any excess does not earn interest, nor qualifies for 80C). Plan the split before depositing.
The math on a real example
Daughter age 5, ₹1,50,000/year deposit (max), opening at 8.2% rate, account opens 2026:
- Total deposited: ₹1,50,000 × 15 = ₹22,50,000
- Maturity at year 21 (daughter age 26): ~₹70,00,000+
- Tax-free interest earned: ~₹47,50,000 — entirely exempt under EEE
- Section 80C deduction at 30% slab: ₹46,800/year × 15 years = ₹7,02,000 in tax saved on the way in
If the parent had instead invested the same ₹1.5L/year into a 5-year FD ladder at ~7% post-tax, the corpus at year 21 would be roughly ₹40-45L. The SSY structure — guaranteed sovereign rate + EEE — produces a ~₹25-30L head-start over taxable alternatives.
SSY vs PPF for the same daughter
Both are EEE, both are sovereign-backed. The differences that matter:
- Rate: SSY 8.2% vs PPF 7.1% (FY 2025-26) — 1.1% spread compounds to lakhs over 21 years
- Eligibility: SSY needs a daughter under 10; PPF is open to everyone
- Tenure: SSY is 21 years from opening; PPF is 15 years (extendable in 5-year blocks)
- Liquidity: SSY allows 50% withdrawal after age 18 for education/marriage; PPF allows partial withdrawal from year 7
Best practice for most families: SSY for the daughter (₹1.5L combined family cap) + PPF for each parent (₹1.5L individual cap each). That stacks to ₹4.5L/year of EEE deposits across the household — and three separate compounding pots.
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Get the free book →Frequently asked questions
What is Sukanya Samriddhi Yojana (SSY)?
An exclusive small-savings scheme launched in 2015 under the Beti Bachao Beti Padhao initiative for the girl child only. Parents/legal guardians open the account before the daughter turns 10, deposit for 15 years, and the account matures 21 years from opening. EEE tax status — deposits qualify for 80C (₹1.5L cap), interest is tax-free, maturity is tax-free.
Who can open an SSY account?
A natural or legal guardian, in the name of a girl child below age 10. Maximum two SSY accounts per family (one per daughter), except in case of twins/triplets where a third is allowed. Open at any post office or authorised bank (SBI, ICICI, HDFC, Axis, etc.). KYC: birth certificate of girl, guardian’s ID/address proof, photograph.
What is the current SSY interest rate?
8.2% per annum for FY 2025-26 — among the highest in the small-savings basket and 1.1% above PPF. Rate is reviewed quarterly by the Ministry of Finance and applied prospectively. Compounded annually, not quarterly.
What are the minimum and maximum SSY deposits?
Minimum ₹250/year, maximum ₹1,50,000/year — and the ₹1.5L cap is per FAMILY combined across all SSY accounts (not per account). Deposits in lump sum or any number of instalments. If a year is missed, account becomes ‘default’ and revives with ₹50 penalty + missed minimum. Deposits accepted only for the first 15 years from opening.
When does the SSY account mature?
21 years from the date of opening, regardless of daughter’s age — OR earlier on her marriage after she turns 18, whichever first. Open in 2026 with daughter age 5 → matures in 2047 when she’s 26. Maturity proceeds are paid to the daughter (not guardian) and are completely tax-free.
Can I withdraw from SSY before 21 years?
Limited withdrawals only. After daughter turns 18, up to 50% of the previous FY’s closing balance for higher education (admission proof) or marriage (after age 18). Premature closure only on death of account holder, life-threatening illness, or guardian’s death — all needing documentary proof.
Is SSY completely tax-free? (EEE explained)
Yes — one of only three EEE categories in India alongside PPF and EPF. (1) Deposits qualify for Section 80C deduction up to ₹1.5L/year (old regime only — 80C unavailable in new regime). (2) Annual interest is tax-free, no TDS, not reportable in ITR. (3) Full maturity proceeds — including 21 years of accumulated interest — paid out tax-free to the daughter.
SSY vs PPF — which is better for my daughter?
For a daughter under 10, SSY usually wins — 8.2% vs PPF’s 7.1% (FY 2025-26). The 1.1% spread compounds to ₹15-20L extra at maturity on a max-deposit schedule. PPF wins on flexibility (any age/gender, ₹500 minimum, partial withdrawal from year 7, loan from year 3). Best answer for many families: do BOTH — SSY for the daughter (₹1.5L family cap), PPF for each parent (₹1.5L individual cap).