Planning your daughter's future education and financial security is seamless with our free sukanya samriddhi yojana calculator (also known as the ssy calculator). Follow these simple steps:
Sukanya Samriddhi Yojana (SSY) is a flagship small savings scheme launched by the Government of India under the Beti Bachao, Beti Padhao initiative. Designed exclusively for the girl child, SSY offers the highest guaranteed interest rate among all government-backed small savings schemes, currently offering 8.2% per annum with complete sovereign backing.
A common point of confusion among investors is the difference between the deposit period and the maturity period:
The account is initially operated by the parent or legal guardian. Upon reaching 18 years of age, the girl child becomes the sole operator by submitting her KYC documents to the post office or bank.
Interest in the sukanya samriddhi calculator is calculated based on the lowest balance in the account between the close of the 5th day and the end of each calendar month, and compounded annually at the end of every financial year (March 31st).
A = P × ( 1 + r ÷ 100 )n
Projection of total investment, interest earned, and 21-year maturity value for annual deposits:
| Yearly Deposit (₹) | Deposit Period | Total Invested (15 Yrs) | Total Interest (21 Yrs) | Maturity Amount (21 Yrs) |
|---|---|---|---|---|
| ₹10,000 / yr | 15 Years | ₹1,50,000 | ₹3,28,809 | ₹4,78,809 |
| ₹25,000 / yr | 15 Years | ₹3,75,000 | ₹8,22,023 | ₹11,97,023 |
| ₹50,000 / yr | 15 Years | ₹7,50,000 | ₹16,44,046 | ₹23,94,046 |
| ₹1,00,000 / yr | 15 Years | ₹15,00,000 | ₹32,88,093 | ₹47,88,093 |
| ₹1,50,000 / yr (Max) | 15 Years | ₹22,50,000 | ₹49,32,139 | ₹71,82,139 |
Projection for systematic monthly contributions in the post office ssy calculator:
| Monthly Deposit (₹) | Deposit Period | Total Invested (15 Yrs) | Total Interest (21 Yrs) | Maturity Amount (21 Yrs) |
|---|---|---|---|---|
| ₹1,000 / month | 15 Years (180 months) | ₹1,80,000 | ₹3,75,100 | ₹5,55,100 |
| ₹2,500 / month | 15 Years (180 months) | ₹4,50,000 | ₹9,37,750 | ₹13,87,750 |
| ₹5,000 / month | 15 Years (180 months) | ₹9,00,000 | ₹18,75,500 | ₹27,75,500 |
| ₹10,000 / month | 15 Years (180 months) | ₹18,00,000 | ₹37,51,000 | ₹55,51,000 |
| ₹12,500 / month (Max) | 15 Years (180 months) | ₹22,50,000 | ₹46,88,750 | ₹69,38,750 |
To support the girl child's academic aspirations, India Post permits a partial withdrawal of up to 50% of the account balance standing at the close of the previous financial year.
Sukanya Samriddhi Yojana is one of the very few government schemes enjoying complete EEE (Exempt-Exempt-Exempt) tax benefits under Indian tax laws:
| Feature | Sukanya Samriddhi (SSY) | Public Provident Fund (PPF) | Mahila Samman (MSSC) | Child Mutual Fund SIP |
|---|---|---|---|---|
| Current Return (p.a.) | 8.2% (Govt. Guaranteed) | 7.1% (Govt. Guaranteed) | 7.5% (Govt. Guaranteed) | 11% – 14% (Market Linked) |
| Tenure | 21 Years (Deposit 15 Yrs) | 15 Years (Extendable by 5 Yrs) | 2 Years | Flexible (Long Term) |
| Target Group | Girl child up to 10 years | All Resident Citizens | Women & Girls of any age | All Investors |
| Max Annual Investment | ₹1,50,000 / year | ₹1,50,000 / year | ₹2,00,000 total cap | No Limit |
| Tax Status | EEE (100% Tax-Free) | EEE (100% Tax-Free) | Interest Taxable | 12.5% LTCG above ₹1.25L |
| Capital Protection | 100% Sovereign Guarantee | 100% Sovereign Guarantee | 100% Sovereign Guarantee | Subject to market risk |
The current interest rate for Sukanya Samriddhi Yojana (SSY) is 8.2% per annum, compounded annually. The interest is calculated monthly on the lowest balance between the 5th day and the end of the month, and credited at the end of each financial year.
Deposits in an SSY account must be made for 15 years from the date of account opening. The account continues to earn compound interest for an additional 6 years without requiring any new deposits, reaching full maturity at 21 years.
The minimum annual deposit is ₹250, and the maximum deposit limit is ₹1,50,000 per financial year (which translates to ₹12,500 per month). Deposits can be made in lump sums or monthly installments.
Yes, a partial withdrawal of up to 50% of the balance standing at the end of the preceding financial year is permitted for higher education once the girl child attains 18 years of age or passes the 10th standard.
Premature closure is permitted for the girl child's marriage provided she is at least 18 years of age (application can be submitted 1 month before to 3 months after marriage). It is also allowed on compassionate grounds, such as the demise of the account holder or for life-threatening medical treatment.
Sukanya Samriddhi Yojana enjoys triple tax exemption (EEE status). Deposits qualify for tax deduction up to ₹1.5 lakh under Section 80C, annual accrued interest is completely tax-free, and the entire maturity corpus is 100% exempt from income tax.
A family can open a maximum of 2 SSY accounts for two girl children. An exception allows opening more than 2 accounts if twin or triplet girls are born in the first or second birth order, supported by medical birth certificates.
An SSY account can be opened from the birth of the girl child until she attains the age of 10 years at any post office branch or authorized commercial bank across India.