Sukanya Samriddhi Yojana (SSY) Maturity & Interest Calculator
Find the Sukanya Samriddhi maturity amount for your daughter with the real SSY rules: monthly interest on the lowest balance after the 5th, yearly compounding, 15 years of deposits and maturity 21 years after opening. Older accounts use the actual past rates.
What Is the Sukanya Samriddhi Yojana Calculator?
The Sukanya Samriddhi Yojana (SSY) calculator estimates how much your daughter’s SSY account will be worth when it matures. You enter the amount you plan to deposit, how often you deposit, her age at opening and the interest rate. It then shows the maturity amount, your total deposits, the interest earned and a year-by-year balance.
SSY is a small savings scheme of the Government of India for girls under 10. You open it at a post office or an authorised bank. Despite the common search term, it is not an LIC product.
What this calculator does that most SSY calculators skip
- It works out interest month by month on the lowest balance after the 5th, the way the scheme rules require, and credits it once a year.
- It shows how much you lose by depositing late in the year instead of by 5 April.
- For accounts opened in past years, it applies the actual rates notified for each quarter, from 9.2% in 2015-16 to 7.6% during 2020-23.
- It shows the 50% partial withdrawal available when your daughter turns 18, and the 80C tax you save.
How to Use the Sukanya Samriddhi Calculator
- Enter the deposit amount and choose Yearly or Monthly. A monthly amount of ₹5,000 means ₹60,000 a year.
- Pick when you deposit. For yearly deposits, choose by 5 April or on 31 March. Monthly deposits are assumed to reach the account by the 5th of each month.
- Check the rate. The current rate is filled in. Try a lower rate, such as 7.6%, to see a cautious estimate.
- Choose her age at opening and the opening year. Her age decides how old she will be at maturity. If the account is already running, pick the year it was opened.
- Pick the deposit years and your tax slab if you want to see a shorter plan or your 80C savings.
The results update as you type. Tap Show year-by-year table to see the deposit, interest and balance for every year up to maturity.
How Sukanya Samriddhi Account Interest Is Calculated
The scheme rules set out three steps:
- Monthly interest on the lowest balance. For each month, interest is worked out on the lowest balance between the close of the 5th day and the end of the month.
- Yearly credit. The monthly amounts are added up and credited to the account at the end of the financial year, on 31 March.
- Yearly compounding. Once credited, that interest becomes part of the balance and earns interest from the next year.
The 5th-day rule matters. Money that reaches the account by the 5th earns interest for that month. Money deposited on the 6th earns nothing until the next month. A ₹1.5 lakh deposit made on 6 April instead of 5 April loses a full month of interest, about ₹1,025 at 8.2%.
Sukanya Samriddhi Yojana Deposit Calculator
Use the deposit side of the calculator to answer “how much should I put in?”. These are the maturity values at 8.2% for deposits made by 5 April each year for 15 years:
| Yearly deposit | Monthly equivalent | Total deposited | Maturity at 21 years |
|---|---|---|---|
| ₹12,000 | ₹1,000 | ₹1,80,000 | ₹5,74,568 |
| ₹50,000 | ₹4,167 | ₹7,50,000 | ₹23,94,036 |
| ₹1,00,000 | ₹8,333 | ₹15,00,000 | ₹47,88,077 |
| ₹1,50,000 (maximum) | ₹12,500 | ₹22,50,000 | ₹71,82,127 |
Swipe the table sideways to see every column.
The maturity value grows in a straight line with the deposit: double the deposit and you double the maturity. The result shrinks if the rate falls, if you deposit later in the year or if you stop before 15 years.
Monthly vs. Yearly Sukanya Samriddhi Deposits
The same ₹1.5 lakh a year gives three different results depending on when the money goes in (8.2%, 15 years of deposits):
| How you deposit | Maturity amount | Compared with 5 April |
|---|---|---|
| ₹1,50,000 by 5 April every year | ₹71,82,127 | — |
| ₹12,500 by the 5th of every month | ₹69,32,648 | −₹2,49,479 |
| ₹1,50,000 on 31 March every year | ₹66,37,825 | −₹5,44,302 |
Swipe the table sideways to see every column.
- Yearly by 5 April gives the highest maturity, because the full amount earns interest for all 12 months.
- Monthly suits a salary and still does well. The money arrives over the year, so on average it earns about half a year less interest in each deposit year.
- Last-minute March deposits, made to claim 80C before the year ends, earn nothing in that year. Over 15 years that costs more than ₹5 lakh on the maximum deposit.
If you can, move your SSY deposit from March to April. You get the same 80C deduction, just in the next financial year.
Sukanya Samriddhi Maturity Calculator
The maturity amount has two parts: the balance built up during the 15 deposit years, and six more years of interest with no deposits.
The last six years do a lot of work. On the ₹1.5 lakh plan, the balance is about ₹44.76 lakh when deposits stop after year 15. Interest alone then takes it to ₹71.82 lakh by year 21. That is ₹27 lakh of growth without any new deposit.
The calculator also shows three what-if values: the maturity at 7.6% (the lowest SSY rate so far), at the rate you entered, and at 9.2% (the highest). For the ₹1.5 lakh plan, that range is about ₹65.9 lakh to ₹82.8 lakh.
When Does a Sukanya Samriddhi Account Mature?
An SSY account matures 21 years after the date it was opened. It does not mature when the girl turns 21. The two dates are the same only if the account was opened in her first year.
| Age at opening | Deposits end at age | Can withdraw 50% from | Matures at age |
|---|---|---|---|
| Newborn | 15 | 18 | 21 |
| 3 years | 18 | 18 | 24 |
| 5 years | 20 | 18 | 26 |
| 9 years | 24 | 18 | 30 |
Swipe the table sideways to see every column.
- The account can also be closed early for the girl’s marriage after she turns 18. The application must be made no more than one month before or three months after the wedding.
- No interest is paid after the account matures, so withdraw the money once it matures.
- Once she turns 18, the girl operates the account herself, after completing KYC.
How Long Can You Make Deposits in Sukanya Samriddhi?
Deposits are allowed for 15 years from the date of opening. From year 16 to year 21 the account cannot take new money, but the balance keeps earning interest at the notified rate.
If you miss a year
- An account with less than ₹250 deposited in a financial year goes into default.
- You can revive it any time before 15 years from opening by paying ₹250 for each missed year plus a ₹50 penalty per year.
- The balance already in the account keeps earning interest. The cost of a missed year is the interest those missing deposits would have earned.
The “Years you will deposit” box in the calculator shows a shorter plan. For example, ₹1.5 lakh a year for only 10 years still grows to about ₹56.48 lakh by year 21 at 8.2%.
Sukanya Samriddhi Withdrawal Rules
Partial withdrawal for education
- Allowed once the girl turns 18 or passes Class 10, whichever comes first.
- Up to 50% of the balance at the end of the previous financial year.
- For higher education, with proof such as an admission letter or fee slip. It can be taken as one lump sum or in instalments, up to once a year for five years.
The calculator shows this 50% amount for the year your daughter turns 18. On the ₹1.5 lakh plan opened at birth, it is about ₹28.35 lakh.
Premature closure
| Reason | When | What you get |
|---|---|---|
| Marriage of the girl | After she turns 18; apply within 1 month before or 3 months after the wedding | Full balance with interest |
| Death of the girl | Any time | Balance to the guardian; savings-account rate from the date of death |
| Extreme compassionate grounds | After 5 years, e.g. life-threatening illness or death of the guardian | Full balance, with approval |
| Maturity | 21 years after opening | Full balance; no interest after maturity |
Swipe the table sideways to see every column.
Sukanya Samriddhi Account: Minimum and Maximum Deposit
| Rule | Limit |
|---|---|
| Minimum deposit per financial year | ₹250 |
| Maximum deposit per financial year | ₹1,50,000 |
| Deposit steps | Multiples of ₹50, any number of times in the year |
| Accounts per girl | 1 (in India, at any bank or post office) |
| Accounts per family | 2 girls; 3 if twins or triplets are born |
| Age to open | From birth until the girl turns 10 |
Swipe the table sideways to see every column.
Anything above ₹1.5 lakh in a year earns no interest and is returned. The ₹1.5 lakh limit is per account, so a family with two daughters can put in up to ₹3 lakh a year. The 80C tax limit is still ₹1.5 lakh in total per taxpayer across all 80C investments.
The account must be opened and run by a parent or legal guardian. In 2024 the Ministry of Finance asked banks and post offices to move accounts opened by grandparents to a parent or legal guardian.
Sukanya Samriddhi Tax Benefits
SSY has EEE (exempt-exempt-exempt) status:
- Deposits: deductible under Section 80C up to ₹1.5 lakh a year, within the overall 80C limit.
- Interest: tax-free every year.
- Maturity amount: tax-free when withdrawn.
The 80C deduction is available only under the old tax regime. Under the new regime, which is the default, you get no deduction for the deposit, but the interest and maturity amount stay tax-free.
In the 30% slab with 4% cess, a ₹1.5 lakh deposit saves ₹46,800 in tax each year. Over 15 years that is ₹7.02 lakh saved, on top of the maturity amount. Pick your slab in the calculator to see your own figure.
Sukanya Samriddhi Interest Rate and How It Changes
The current rate is 8.2% per year for July–September 2026. The Ministry of Finance announces small savings rates every quarter, usually in the last days of March, June, September and December.
The rate is not locked when you open the account. Your whole balance earns whatever rate is notified for each quarter. That is why this calculator applies past rates to past years and lets you choose the rate for the future.
| Period | SSY rate (% p.a.) |
|---|---|
| 01.01.2024 – present | 8.2 |
| 01.04.2023 – 31.12.2023 | 8.0 |
| 01.04.2020 – 31.03.2023 | 7.6 |
| 01.07.2019 – 31.03.2020 | 8.4 |
| 01.10.2018 – 30.06.2019 | 8.5 |
| 01.01.2018 – 30.09.2018 | 8.1 |
| 01.07.2017 – 31.12.2017 | 8.3 |
| 01.04.2017 – 30.06.2017 | 8.4 |
| 01.10.2016 – 31.03.2017 | 8.5 |
| 01.04.2016 – 30.09.2016 | 8.6 |
| 01.04.2015 – 31.03.2016 | 9.2 |
| 01.12.2014 – 31.03.2015 | 9.1 |
Swipe the table sideways to see every column.
The rate has moved between 7.6% and 9.2% since the scheme started in December 2014. For long-term plans it is sensible to check a lower rate as well as the current one.
Sukanya Samriddhi Calculation Example
Priya’s parents open an SSY account in April 2026, when she is a newborn. They deposit ₹1,50,000 by 5 April every year for 15 years, and we assume the rate stays at 8.2%.
| Year | Priya’s age | Deposit | Interest | Year-end balance |
|---|---|---|---|---|
| 1 (FY 2026-27) | 1 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 (FY 2027-28) | 2 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| 5 (FY 2030-31) | 5 | ₹1,50,000 | ₹72,448 | ₹9,55,955 |
| 10 (FY 2035-36) | 10 | ₹1,50,000 | ₹1,79,886 | ₹23,73,620 |
| 15 (FY 2040-41) | 15 | ₹1,50,000 | ₹3,39,216 | ₹44,75,994 |
| 18 (FY 2043-44) | 18 | — | ₹4,29,693 | ₹56,69,847 |
| 21 (FY 2046-47) | 21 | — | ₹5,44,302 | ₹71,82,127 |
Swipe the table sideways to see every column.
- Total deposited: ₹22,50,000.
- Interest earned: ₹49,32,127, more than twice the deposits.
- Maturity: ₹71,82,127 in April 2047, 21 years after opening, when Priya is 21.
- At 18 she can take up to 50% of ₹56,69,847, about ₹28.35 lakh, for college.
- Tax saved in the 30% old-regime slab: about ₹7.02 lakh over 15 years.
Year 1 check: ₹1,50,000 earns 8.2% ÷ 12 each month for 12 months, which is ₹12,300. That is credited on 31 March and earns interest from year 2 onwards.
Sukanya Samriddhi Calculator FAQs
The rate is 8.2% per year for July–September 2026. It has stayed at 8.2% since 1 January 2024. The Ministry of Finance reviews it every quarter, so check the latest notification before you plan with it.
If you deposit ₹1,50,000 by 5 April every year for 15 years and the rate stays at 8.2%, the account grows to about ₹71.82 lakh after 21 years. You deposit ₹22.5 lakh in total, and about ₹49.32 lakh is interest.
No. SSY is a Government of India small savings scheme. You open it at a post office or an authorised bank, not with LIC. The name is often searched with LIC, but LIC does not run or sell SSY accounts.
Yes. There is no fixed schedule. You can deposit any amount in multiples of ₹50, as many times as you like, as long as the total for the financial year is between ₹250 and ₹1,50,000. Deposit before the 5th of the month so that month earns interest.
The account goes into default. You can revive it within 15 years of opening by paying the minimum ₹250 for each missed year plus a ₹50 penalty per year. The money already in the account keeps earning interest.
She can take out up to 50% of the balance at the end of the previous financial year once she turns 18 or passes Class 10, for higher education. The full account can be closed early for her marriage after 18, on her death, or on extreme compassionate grounds such as a life-threatening illness.
No. The interest and the maturity amount are tax-free. Deposits also qualify for the Section 80C deduction of up to ₹1.5 lakh, but only if you file under the old tax regime.
Yes. Unlike a fixed deposit, SSY does not lock a rate. Every rupee in the account earns the rate notified for each quarter. If the rate drops, your whole balance earns the lower rate from that quarter; if it rises, the whole balance earns more.
One account per girl and up to two accounts per family. A third account is allowed only when twins or triplets are born, in the first or second birth.
Deposits are allowed for 15 years from the date the account was opened. Within each year, deposit by 5 April if you want the full year of interest; money deposited after the 5th of a month earns interest only from the next month.