Sukanya Samriddhi Yojana (SSY) Calculator
See what your daughter's Sukanya Samriddhi account will be worth at maturity — 15 years of deposits compounding tax-free for 21 years.
Total invested (15 years)
₹22,50,000
Interest earned
₹49,32,119
Maturity value (21 years)
₹71,82,119
Sukanya Samriddhi Yojana: deposits are made for the first 15 years and the account matures 21 years after opening. Assumes start-of-year deposits at a constant rate — the government revises the SSY rate quarterly (around 8.2% recently). Like PPF, SSY is fully tax-free (EEE).
Frequently Asked Questions
How does Sukanya Samriddhi Yojana work?
SSY is a government savings scheme for a girl child under 10. You deposit ₹250 to ₹1.5 lakh per year for the first 15 years; the account earns interest for 21 years from opening, when it matures. Partial withdrawal for education is allowed after she turns 18.
Is SSY better than PPF?
SSY pays a higher interest rate than PPF (both revised quarterly by the government) and is equally tax-free (EEE). The trade-offs: SSY is only for a daughter under 10, has a 21-year lock-in, and allows deposits for only 15 years.
What happens after 15 years of deposits?
No further deposits are needed or allowed — the accumulated balance keeps compounding at the prevailing SSY rate for the remaining 6 years until maturity at 21 years.
Is the SSY maturity amount taxable?
No — SSY has EEE status: deposits qualify for the 80C deduction (old regime), and both the interest and the maturity amount are completely tax-free.