Calculate SSY maturity
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SSY calculation summary
- Deposits
- Interest
Year-by-year growth
Figures are rounded to the nearest rupee.
| Year | Financial year | Opening balance | Deposit | Interest | Closing balance |
|---|
Saved calculations
Saved only in this browser on this device.
SSY calculator formula
The calculator adds one yearly deposit for the first 15 years. The balance then keeps earning interest until the end of the 21-year term.
Interest for the year = (opening balance + yearly deposit) × assumed rate Closing balance = opening balance + deposit + interest Total deposits = yearly deposit × 15 Estimated interest = maturity value − total deposits
No new deposit is added in years 16 to 21. The money already in the account continues to grow at the assumed rate.
Example with numbers
Suppose ₹1,50,000 is deposited near the start of every deposit year for 15 years. Total deposits are ₹22,50,000. If the rate stayed at 8.2% for the full 21-year example, estimated maturity would be about ₹71.82 lakh. Around ₹49.32 lakh would be estimated interest.
The 8.2% rate is not promised for all 21 years. The Government reviews SSY rates every quarter, so the real maturity amount will almost certainly be different.
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana, or SSY, is a Government small-savings scheme for a girl child. A parent or legal guardian can open the account while she meets the age rule.
The account has rules for yearly deposits, interest, withdrawals and maturity. It is not a normal bank savings account.
What is an SSY calculator?
An SSY calculator estimates how yearly deposits may grow by maturity. It shows total deposits, estimated interest, maturity value and the balance for each year.
The result is useful for understanding the calculation. It is not an official account statement.
How to use the SSY calculator
- Enter the amount you plan to deposit each year.
- Enter the girl child’s age when the account is opened.
- Enter the account-opening year.
- Open Advanced options only if you want to test another average rate or inflation.
- Press Calculate SSY and read the result cards, charts and yearly table.
You may type a normal amount or Indian shorthand such as 50k or 1.5 lakh. Inputs start blank, so no example value is silently used.
What the SSY results mean
- Total deposits means the yearly amount added for 15 deposit years.
- Estimated interest means maturity value minus total deposits.
- Estimated maturity value means the projected balance after 21 years.
- Maturity year is the opening year plus 21 years.
- Value in today’s money appears only when inflation adjustment is selected.
How SSY interest works
For a real SSY account, monthly interest is based on the lowest balance between the close of the fifth day and the end of that month. Interest is credited after the financial year.
This calculator uses one equal yearly deposit made early enough for a full deposit-year example. A payment made later may earn less interest in that year.
Main SSY rules used here
- The account must be opened before the girl child reaches the current age limit of 10.
- The current minimum yearly deposit is ₹250.
- The current maximum yearly deposit is ₹1,50,000.
- Deposits can be made for 15 years from opening.
- The account normally matures 21 years after opening.
- Early withdrawal and closure are allowed only under the scheme conditions.
Family-account limits and exceptions for multiple births also apply. Check the official scheme when opening an account.
Why an SSY calculator is useful
- It makes the 15-year deposit period and 21-year maturity period easier to understand.
- It separates your deposits from estimated interest.
- The yearly table shows how the balance changes.
- You can change the rate because future quarterly rates are unknown.
- The optional inflation view shows what a distant amount may be worth in today’s money.
Why your SSY result may not match the passbook
The main reason is the interest rate. This page uses one average rate for the whole example. A real account receives the rates notified over many different quarters.
Deposit dates also matter. The result may change after late or missed deposits, a withdrawal, early closure, account irregularity or official rounding. Use the SSY passbook or statement for the real balance.
SSY tax treatment
Under the current rules, an eligible SSY deposit can form part of the combined Section 80C limit when the old tax regime is used. Interest and qualifying account payments receive the treatment stated in the current tax provisions. The normal Section 80C deduction is generally not available under the new regime.
Tax rules and personal eligibility can change. Check the rule for the tax year that applies to you.
Sources
- National Savings Institute: Sukanya Samriddhi Account Scheme, 2019
- National Savings Institute: Sukanya Samriddhi Account overview
- Department of Economic Affairs: Small Savings notifications
- Press Information Bureau: notified small-savings rates
- Income Tax Department: deductions
- State Bank of India: SSY questions and answers
Rule and rate review: 31 August 2026. The saved 8.2% rate applies to 1 July 2026 through 30 September 2026. Future rates are unknown.
Disclaimer
This SSY calculator gives an educational estimate. It is not a passbook, tax opinion, promise of maturity value or personal recommendation. Rates, tax rules and scheme conditions can change. Check the latest Government notice and confirm account details with an authorised bank or post office.
Frequently asked questions
What is the SSY interest rate in 2026?
The notified rate is 8.2% a year from 1 July 2026 to 30 September 2026. The Government reviews small-savings rates every quarter.
Is the SSY rate fixed for 21 years?
No. The rate can change. This calculator uses one rate for the full example, so the maturity value is only an estimate.
How much can I deposit in SSY each year?
Under the current rule, the yearly minimum is ₹250 and the yearly maximum is ₹1,50,000.
How long do I pay into SSY?
Deposits can be made for 15 years from opening. The account normally matures after 21 years. The balance can keep earning interest after deposits stop.
When should I make an SSY deposit?
For that month to count, the money should normally reach the account on or before the fifth day. The account office must also post it in time.
Can I open SSY after the girl turns 10?
Under the current rule, the account must be opened before the girl child reaches age 10.
Can money be taken out before SSY matures?
A limited withdrawal may be allowed for higher education after the account holder turns 18 or passes Class 10, whichever comes first. Scheme conditions and proof apply.
Does SSY have a tax benefit?
Eligible deposits can be part of the Section 80C limit under the old tax regime. Interest and qualifying payments are exempt under current rules. Check the rule for your tax year.