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Sukanya Samriddhi Calculator India — FY 2025-26

Calculate how much your daughter will receive when her SSY account matures. Deposit ₹1,50,000/year at 8.2% interest for 15 years, then watch the balance grow for 6 more years of interest-only compounding. Compare deposit levels and benchmark against PPF and FD. Updated for FY 2025-26 rates.

Min ₹250/year, max ₹1,50,000/year
years
SSY account can be opened for girl child below 10 years
%
Current SSY rate: 8.2% p.a. (FY 2025-26). Reviewed quarterly by Ministry of Finance.

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How to Use This Calculator

SSY Maturity tab

Enter your annual deposit amount (up to ₹1,50,000) and your daughter's current age. The calculator computes the full 21-year timeline: 15 years of deposits plus 6 years of interest-only growth. You see the total deposited, total interest earned, maturity value, and estimated tax savings under Section 80C.

Partial vs Full tab

Compares three deposit levels side-by-side: the minimum ₹250/month, a moderate ₹5,000/month, and the maximum ₹12,500/month. This helps you decide how much to allocate based on your budget, showing the maturity value for each scenario at the same interest rate.

SSY vs PPF vs FD tab

Invests the same annual amount in SSY (8.2%), PPF (7.1%), and a taxable FD (7.0%) over 15 years. Shows how SSY wins on both rate and tax treatment. FD interest is taxed at your income slab rate, making the effective return significantly lower than SSY or PPF.

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The Formula

SSY uses annual compounding. Deposits are made once per year, and interest is calculated on the closing balance at the end of each financial year:

SSY Maturity Calculation:

For each year (1 to 21):
Balance = Previous Balance + Deposit (if year ≤ 15)
Interest = Balance × Rate / 100
New Balance = Balance + Interest

Deposit period: Years 1 to 15 — annual deposit added
Interest-only period: Years 16 to 21 — no deposit, balance earns interest
Maturity Value = Balance at end of Year 21

Tax Benefit (Section 80C):
Annual deduction = Deposit amount (up to ₹1,50,000)
Tax saving = Deposit × Marginal tax rate
At 31.2% rate (30% slab + 4% cess): ₹1,50,000 × 0.312 = ₹46,800/year

EEE Status:
Deposit — Exempt (80C deduction)
Interest — Exempt (not taxable)
Maturity — Exempt (no tax on withdrawal)

SSY interest is compounded annually, not quarterly like PPF. The rate is reviewed by the Ministry of Finance every quarter but has remained at 8.2% throughout FY 2025-26. The actual rate applied may change in future financial years.

Example

Meera — Delhi parent, ₹1,50,000/year for daughter aged 2

Meera opens an SSY account for her 2-year-old daughter and deposits the maximum ₹1,50,000 every year. The current interest rate is 8.2% p.a.

Step 1: Deposit phase (years 1 to 15)

Annual deposit₹1,50,000
Total deposited (15 years)₹22,50,000
Balance at end of year 15₹43,70,413

Step 2: Interest-only phase (years 16 to 21)

No further deposits₹0
Interest earned (years 16-21)₹26,72,327
Maturity value at year 21₹70,42,740

Step 3: Tax savings

80C deduction per year₹1,50,000
Tax saved per year (at 31.2%)₹46,800
Total tax saved (15 years)₹7,02,000
Tax on maturity₹0 (EEE)

Meera deposits ₹22.5 lakh over 15 years and receives ₹70.4 lakh when her daughter turns 23. The interest of ₹47.9 lakh is more than double the deposits. She also saves ₹7 lakh in income tax over the deposit period. The entire maturity amount is tax-free.

FAQ

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao initiative. A parent or legal guardian can open an SSY account for a girl child below 10 years of age. Maximum 2 SSY accounts are allowed per family (one per daughter, except in case of twins/triplets for the second birth). The account can be opened at any post office or authorised commercial bank. Only resident Indian citizens are eligible; NRIs cannot open SSY accounts.
The SSY interest rate for FY 2025-26 is 8.2% per annum, compounded annually. This rate has been consistent across all four quarters of FY 2025-26 (April 2025 to March 2026). The Ministry of Finance reviews and announces small savings scheme rates every quarter. SSY consistently offers the highest rate among all small savings schemes. The rate was 8.0% in FY 2023-24 and was increased to 8.2% from Q1 FY 2024-25 onwards.
The minimum deposit is ₹250 per financial year and the maximum is ₹1,50,000 per financial year. You can make multiple deposits during the year as long as the total stays within these limits. Any amount deposited above ₹1,50,000 will not earn interest. If you fail to deposit the minimum ₹250 in any year, the account is considered defaulted and a penalty of ₹50 per year is charged to reactivate it. Deposits are required for the first 15 years only.
Partial withdrawal is allowed once the girl child turns 18 years old (or passes 10th standard, whichever is earlier). The withdrawal is limited to 50% of the balance at the end of the preceding financial year. This amount can only be used for higher education expenses (admission fees, course fees for recognised institutions). Full premature closure is allowed after the girl turns 18, in case of marriage, but only if the marriage happens after she turns 18. In case of the girl's death or extreme financial hardship, premature closure is permitted with applicable documentation.
SSY offers the highest interest rate (8.2%) among all government small savings schemes, compared to PPF at 7.1%. Both SSY and PPF enjoy EEE tax status (deposits, interest, and maturity are all tax-exempt). However, SSY has a 21-year mandatory lock-in vs 15 years for PPF. For higher returns, equity mutual funds via SIP may deliver 12-15% CAGR over long periods, but with market risk and no guaranteed returns. SSY is ideal as a risk-free, tax-efficient foundation for a daughter's future, while mutual funds can be used for additional growth-oriented investing. The ₹1,50,000 annual limit also means SSY alone may not be sufficient for all future education/marriage expenses.

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