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SSY calculator

A daughter's corpus, compounding through her growing years.

Project Sukanya Samriddhi Yojana maturity at the sovereign-backed 8.2% rate — deposits for 15 years, tax-free compounding until 21.

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Sukanya Samriddhi Yojana Calculator

Interest rate: 8.2% p.a. (current government rate) · Deposits for 15 years · Maturity at 21 years

Invested

₹22,50,000

Interest

₹0

Maturity

₹0

How the SSY calculation works

Deposits run for the first 15 years on a yearly compounding basis, and the balance keeps compounding until the account turns 21. Assuming deposits at the start of each year: Maturity = P × (((1 + r)¹⁵ − 1) / r) × (1 + r) × (1 + r)⁶, with P as the yearly deposit and r the current SSY rate of 8.2% p.a.

The government revises the rate quarterly; it has held at 8.2% since January 2024. The tool holds it constant across the full 21 years.

Worked example

Depositing the maximum ₹1,50,000 every year for the 15-year deposit window:

Yearly deposit₹1,50,000
Rate · structure8.2% · 15y deposits, 21y maturity
Total deposited₹22,50,000
Interest earned₹49,32,119
Maturity at year 21₹71,82,119

Interest outgrows deposits by more than 2× — the reward for a scheme that locks money through exactly the years a daughter grows up.

Frequently asked questions

What is Sukanya Samriddhi Yojana?
A government savings scheme under Beti Bachao Beti Padhao for girls below age 10. Parents deposit yearly for 15 years, the account matures at 21, and the entire journey is EEE — deduction under 80C, tax-free interest, tax-free maturity.
What is the current SSY interest rate?
8.2% p.a., revised quarterly by the government. It consistently runs 100–110 basis points above PPF, making it the highest fixed rate among sovereign-backed small savings schemes.
When can money be withdrawn from SSY?
Up to 50% of the balance can be withdrawn for the girl's education after she turns 18. Full withdrawal happens at maturity (21 years) or on marriage after 18 — whichever the family chooses within the rules.
SSY or PPF for a daughter's future?
SSY wins on rate (8.2% vs 7.1%) and shares PPF's tax-free status, but is restricted to one account per girl (max two per family), deposits stop at year 15, and funds are earmarked for the child. Many families run both: SSY for the daughter's dedicated corpus, PPF as flexible household debt allocation.

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