The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme exclusively for the girl child — offering the highest guaranteed interest rate among all small savings schemes at 8.2% p.a. (FY 2026-27), complete EEE tax exemption, and sovereign backing. With SSY interest trending today, this calculator estimates the exact maturity corpus for your daughter's education or marriage fund, with a year-wise balance breakdown and account opening guidance.
What Is the Sukanya Samriddhi Yojana Calculator?
The SSY calculator estimates the maturity corpus of a Sukanya Samriddhi Yojana account based on your annual deposit amount, the girl child's current age, and the current interest rate of 8.2% p.a.
It projects the corpus at account maturity (21 years from opening) and shows the year-by-year balance — so you can plan how much to deposit annually to reach a specific education or marriage fund target.
SSY Maturity Table — Annual Deposit to Corpus
SSY maturity amounts at 8.2% p.a.
for different annual deposits (depositing for 15 years, maturity at year 21): ₹12,000/year (₹1,000/month): Total invested = ₹1,80,000 | Maturity ≈ ₹5.59 lakh ₹36,000/year (₹3,000/month): Total invested = ₹5,40,000 | Maturity ≈ ₹16.76 lakh ₹60,000/year (₹5,000/month): Total invested = ₹9,00,000 | Maturity ≈ ₹27.94 lakh ₹1,00,000/year: Total invested = ₹15,00,000 | Maturity ≈ ₹46.56 lakh ₹1,50,000/year (maximum): Total invested = ₹22,50,000 | Maturity ≈ ₹69.80 lakh All figures assume deposits made before April 5 each year to earn full-year interest.
Compounding is annual at 8.2%.
Actual maturity may vary if the government revises the interest rate.
How Is SSY Interest Calculated?
SSY interest is compounded annually and credited on March 31 at the applicable rate (currently 8.2% p.a.
for FY 2026-27).
Like PPF, interest is calculated on the minimum balance between the 5th and last day of each month — deposits made before the 5th earn interest for that full month.
Contributions must be made for the first 15 years from account opening; no deposits are required in the remaining 6 years, but the balance continues compounding until the 21-year maturity date.
SSY Account Opening — Where and How
SSY accounts can be opened at: (1) All post offices across India — the original and most accessible channel.
(2) Public sector banks: SBI, Bank of Baroda, Canara Bank, PNB, Union Bank, Bank of India, Indian Bank.
(3) Authorised private banks: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank.
Eligibility: girl child must be under 10 years of age at account opening.
Documents required: birth certificate of girl child, parent/guardian Aadhaar and PAN, address proof.
Some banks allow online SSY account opening via mobile app (SBI YONO, HDFC Bank).
Post offices still primarily require physical branch visit.
Maximum 2 accounts per family (one per girl child).
SSY vs PPF — Which Is Better for a Girl Child?
SSY (8.2%, EEE, 21-year maturity, girl child only): Higher rate than PPF by 1.1%.
Specifically designed for girl child's education/marriage.
Partial withdrawal at 18 for education.
Matures at 21 or on marriage after 18.
PPF (7.1%, EEE, 15-year maturity, any person): Lower rate.
Flexible — any individual can open.
Shorter maturity (15 years, extendable in 5-year blocks).
No restriction on withdrawal purpose after maturity.
Verdict: For a girl child's dedicated fund with a 15–21 year horizon, SSY is the clear winner — 1.1% higher rate on the same EEE status adds approximately ₹10–14 lakh extra corpus at ₹1.5 lakh/year over 21 years.
Partial Withdrawal Rules — Education After Age 18
- After the girl child turns 18 (or completes Class 10, whichever is later), up to 50% of the SSY balance as of the end of the previous financial year can be withdrawn for higher education expenses.
- This withdrawal is available as a lump sum or in up to 5 annual instalments.
- Required documents: proof of admission to a recognised educational institution (offer letter or fee slip).
- The remaining 50%+ balance continues to earn 8.2% and compounds until the 21-year maturity.
- You cannot withdraw for purposes other than higher education before 18.
Tips for Maximising SSY Returns
- Open the account at birth — every additional year of compounding adds significantly to the maturity corpus.
- At birth vs age 5 for the same ₹1.5L/year: opening at birth yields approximately ₹69.8 lakh vs ₹44.5 lakh at age 5 — a ₹25 lakh difference.
- Always deposit before April 5 to earn interest for the full year.
- If you cannot deposit the maximum, even ₹250/year keeps the account active.
- Do not close the account at age 18 for marriage unless necessary — let it mature at 21 for the full compounded benefit.
- Treat SSY as a completely separate, untouchable fund — never use it as emergency savings.
Frequently Asked Questions
What is the SSY interest rate for FY 2026-27?
The Sukanya Samriddhi Yojana interest rate for FY 2026-27 is 8.2% per annum, compounded annually and credited on March 31. The rate is set by the Government of India quarterly. It has been 8.2% since Q1 FY 2024-25. Historically, SSY has maintained a 0.5–0.75% premium over PPF rates. Verify the current rate at indiapost.gov.in or the Ministry of Finance website before making deposit decisions.
How much will ₹1,000 per month in SSY grow to?
At ₹12,000/year (₹1,000/month) for 15 years at 8.2%, maturity amount at year 21 ≈ ₹5.59 lakh on ₹1.80 lakh invested — a 3.1× return. For ₹5,000/month (₹60,000/year): maturity ≈ ₹27.94 lakh on ₹9 lakh invested. The 6 non-deposit years (years 16–21) compound the accumulated corpus without any new investment — a significant benefit of the long 21-year tenure.
Where can I open an SSY account?
SSY accounts can be opened at any post office branch in India, or at authorised banks including SBI, HDFC Bank, ICICI Bank, Bank of Baroda, PNB, Axis Bank, and Kotak Mahindra Bank. The girl child must be under 10 years of age at the time of account opening. Required documents: girl child's birth certificate, parent/guardian's Aadhaar, PAN, and address proof.
Is SSY interest taxable?
No. SSY is fully EEE (Exempt-Exempt-Exempt): contributions qualify for Section 80C deduction up to ₹1.5 lakh per year, interest earned each year is completely tax-free, and the maturity proceeds are fully tax-free. This makes SSY the most tax-efficient guaranteed return instrument for the girl child.
Can I withdraw from SSY before the girl turns 18?
No voluntary withdrawal is allowed before 18. The account can only be closed prematurely for: death of the account holder (full balance paid to guardian/nominee), life-threatening illness (of girl child or parent/guardian, with medical documentation), or on the girl's marriage after age 18 (full closure permitted). For education, partial withdrawal (50% of balance) is allowed only after the girl turns 18 or completes Class 10.
Can SSY maturity be extended beyond 21 years?
No. The SSY account mandatorily closes at 21 years from opening, and the full maturity amount is paid to the account holder (the girl child). Unlike PPF, there is no 5-year extension option. If the girl marries before 21, the account can be closed early — but only after she turns 18.
Is SSY better than FD for a girl child?
Yes, significantly. SSY at 8.2% with full EEE status vs a 7% FD with fully taxable interest: for a 30% bracket investor, the FD's post-tax return is ~4.8%, vs SSY's full 8.2% — a gap of 3.4%. Over 21 years of compounding, this difference produces a dramatically higher corpus. SSY also has sovereign backing, making it as safe as any government bond.
What happens if I miss the minimum annual SSY deposit?
Missing the minimum ₹250 deposit makes the account 'irregular' (inactive). Reactivate by paying ₹50 penalty per missed year plus the minimum ₹250 for each missed year. The inactive account still earns the prevailing interest rate on the existing balance — only the ability to make new deposits is suspended until reactivation.