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📘 About the Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for girl children up to 10 years old. You deposit for 15 years and the account matures 21 years after opening, making it ideal for education and marriage goals.
This calculator estimates the maturity value from your monthly or yearly deposit, the interest rate (8.2% currently) and your daughter's age when the account is opened. Deposits from ₹250 to ₹1.5 lakh a year qualify for Section 80C (old regime), and the interest and maturity are tax-free.
🧮 Formula
The real scheme credits interest yearly on the lowest balance between the 5th and the last day of each month, so this is an estimate. The interest rate is revised by the government every quarter.
✏️ Worked examples
₹1.5 lakh a year, daughter aged 1
You get| Maturity amount (21 years after opening) | ₹71,82,119 |
| Total deposited (15 years) | ₹22,50,000 |
| Interest earned (tax-free) | ₹49,32,119 |
| Yearly deposit | ₹1,50,000 (maximum) |
| Daughter's age at maturity | 22 years |
| Balance when she turns 18 (50% can be withdrawn for education) | ₹52,40,148 |
Maturity ₹71,82,119.
₹5,000 a month, daughter aged 3
You get| Maturity amount (21 years after opening) | ₹27,73,059 |
| Total deposited (15 years) | ₹9,00,000 |
| Interest earned (tax-free) | ₹18,73,059 |
| Yearly deposit | ₹60,000 |
| Daughter's age at maturity | 24 years |
| Balance when she turns 18 (50% can be withdrawn for education) | ₹17,28,206 |
Maturity ₹27,73,059.
₹1,000 a month for a 1-year-old girl at 8.2%
You get| Maturity amount | ₹556,539.47 |
| Total deposited | ₹168,000.00 |
| Interest earned | ₹388,539.47 |
Deposits continue for 14 years and the account matures at 20 years of age, following the 15-year deposit and 21-year maturity rules.
❓ Frequently asked questions
What is the maximum yearly deposit?
The scheme allows a minimum of ₹250 and a maximum of ₹1.5 lakh a year.
Is Sukanya Samriddhi tax-free?
Under the old tax regime the deposit qualifies for a Section 80C deduction, and the interest and maturity amount are tax-exempt. The 80C deduction is not available in the new regime.
Who can open the account?
A parent or legal guardian can open it for a girl child below 10 years of age.
What is the SSY maturity for ₹1.5 lakh a year?
About ₹71.8 lakh at 8.2% if you deposit ₹1.5 lakh at the start of each year for 15 years (₹22.5 lakh in total).
What is the current SSY interest rate?
8.2% a year. The rate is set by the Government of India every quarter; check the current rate with India Post or your bank.
