Deposits stop at 15 — the balance does not
You deposit for 15 years and the balance compounds for 21. On the maximum deposit the last six years, with no new money, add ₹27,06,130 — more than everything you paid in.
Free SSY calculator
SSY Calculator
Enter your yearly deposit, your daughter's age when the account opens and the interest rate — and get the maturity value at 21 years, what you invested, the tax-free interest and the growth year by year.
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₹71,82,119 maturity value
On ₹1,50,000 a year at 8.2%, girl aged 0, 15 deposit years
₹22,50,000 total invested
₹1,50,000 a year for 15 years
₹49,32,119 interest earned
Entirely tax-free, over 21 years
An estimate for planning — not financial, tax or legal advice. This tool is an estimate for planning: the SSY rate is notified every quarter and can change, so the projection holds today's 8.2% steady for all 21 years. It is not financial, tax or legal advice. Check the rules table below before you rely on it.
Calculate your SSY
₹1,50,000 a year, girl aged 0Example figures are filled in. Replace them with your own numbers.
YOUR ANSWER
WORKING SHOWN BELOW
Your answer
₹71,82,119
MATURITY VALUE
₹22,50,000
TOTAL INVESTED
₹49,32,119
TOTAL INTEREST
Your answer at a glance
₹1,50,000 a year · 8.2% · girl aged 0, 15 deposit years → maturity ₹71,82,119 (invested ₹22,50,000; interest ₹49,32,119).
₹1,50,000 a year, 8.2%, girl aged 0, 15 deposit years: your SSY account matures at ₹71,82,119 — ₹49,32,119 of interest on ₹22,50,000 invested.
Matures in 2047 · she turns 21 · 15 deposit years, then 6 years of interest only.
Deposits at the start of each year · rate held steady at 8.2% for all 21 years.
The figure is an estimate at the rate you enter, held steady for 21 years. The SSY rate is notified every quarter and can change, and the interest and maturity are entirely tax-free.
Recent checks · this session
Select Calculate to keep up to five checks while this page is open.
Year by year
How the balance grows
The balance grows year by year — deposits stop after year 15, but the interest column keeps growing to year 21.
| Year | Girl's age | Deposit | Interest | Closing balance |
|---|---|---|---|---|
| Year 1 | 1 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| Year 2 | 2 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| Year 3 | 3 | ₹1,50,000 | ₹40,008 | ₹5,27,917 |
| Year 4 | 4 | ₹1,50,000 | ₹55,589 | ₹7,33,506 |
| Year 5 | 5 | ₹1,50,000 | ₹72,448 | ₹9,55,954 |
| Year 6 | 6 | ₹1,50,000 | ₹90,688 | ₹11,96,642 |
| Year 7 | 7 | ₹1,50,000 | ₹1,10,425 | ₹14,57,067 |
| Year 8 | 8 | ₹1,50,000 | ₹1,31,779 | ₹17,38,846 |
| Year 9 | 9 | ₹1,50,000 | ₹1,54,886 | ₹20,43,732 |
| Year 10 | 10 | ₹1,50,000 | ₹1,79,886 | ₹23,73,618 |
| Year 11 | 11 | ₹1,50,000 | ₹2,06,936 | ₹27,30,554 |
| Year 12 | 12 | ₹1,50,000 | ₹2,36,206 | ₹31,16,760 |
| Year 13 | 13 | ₹1,50,000 | ₹2,67,874 | ₹35,34,634 |
| Year 14 | 14 | ₹1,50,000 | ₹3,02,140 | ₹39,86,774 |
| Year 15 | 15 | ₹1,50,000 | ₹3,39,215 | ₹44,75,989 |
| Year 16 | 16 | ₹0 | ₹3,67,031 | ₹48,43,020 |
| Year 17 | 17 | ₹0 | ₹3,97,128 | ₹52,40,148 |
| Year 18 | 18 | ₹0 | ₹4,29,692 | ₹56,69,840 |
| Year 19 | 19 | ₹0 | ₹4,64,927 | ₹61,34,767 |
| Year 20 | 20 | ₹0 | ₹5,03,051 | ₹66,37,818 |
| Year 21 | 21 | ₹0 | ₹5,44,301 | ₹71,82,119 |
Understand the result
What does an SSY calculator do?
Sukanya Samriddhi Yojana (SSY) is a government small-savings account for a girl child, opened by a parent or guardian before she turns 10. You deposit between ₹250 and ₹1,50,000 a year for 15 years, the balance earns the notified rate — 8.2% a year for October to December 2026 — and the account matures 21 years after opening. On the maximum deposit of ₹1,50,000 a year, that builds ₹71,82,119 from ₹22,50,000 paid in, entirely tax-free. This calculator works out the maturity value from your own figures and lists the growth year by year.
8.2% beats PPF's 7.1% by ₹10,42,519
On ₹1,50,000 a year for 15 years, SSY at 8.2% builds ₹71,82,119 and PPF at 7.1% builds ₹61,39,600 on the same deposits. Both are fully tax-free — the gap is the rate alone.
EEE — deposit, interest and maturity
Deposits up to ₹1,50,000 a year are deductible under Section 80C — up to ₹46,800 a year back at the 30% slab plus cess — and the ₹49,32,119 of interest on the maximum deposit is entirely tax-free, as is the maturity amount.
How it works
From your yearly deposit to a maturity value
Enter your yearly deposit first — the other figures are already filled in with the usual example — then read the maturity value, the invested total and the interest.
Enter your yearly deposit
From ₹250 to ₹1,50,000 a year — the example uses the maximum, ₹1,50,000. Deposits are made in multiples of ₹50, with at least ₹250 every financial year.
Enter your daughter's age when the account opens
A whole number from 0 to 10 — the account can only be opened before she turns 10. The example uses 0, a newborn, so the account matures when she turns 21.
Set the rate and the deposit years
8.2% is the rate notified for October to December 2026. Deposit years default to 15, the scheme rule — set fewer only to model stopping early.
Read the maturity value and the growth table
The answer appears as you type — the maturity value at 21 years, what you invested, the tax-free interest, the year it matures and her age then, with a table of how the balance builds each year.
The calculation, explained
How SSY is calculated
Every year your deposit is paid at the start of the year and the whole balance earns one year of interest at the rate you enter. Deposits run for the deposit years you enter — 15 under the scheme — and then the balance keeps compounding for the remaining years until year 21, with no new deposits. Balances are carried at full precision and each figure is rounded to the nearest rupee, so a row's interest can differ by a rupee from the interest worked out on the rounded balances. The rate is the notified rate for October to December 2026, 8.2%, and the projection holds it steady for all 21 years — in reality it is reviewed every quarter and can change.
1. ₹1,50,000 a year, 8.2%, 15 years
71,82,119 maturity · 49,32,119 interest
In the first year you deposit ₹1,50,000 and the balance reaches ₹1,62,300. After 15 years you have paid ₹22,50,000 and the balance is ₹44,75,989. Six more years of interest with no new deposits take it to ₹71,82,119.
2. ₹50,000 a year, 8.2%, 15 years
23,94,040 maturity · 16,44,040 interest
₹50,000 a year for 15 years at 8.2%. You invest ₹7,50,000 and the account matures at ₹23,94,040 — the figure ClearTax publishes for the same inputs, under the correct 15-year deposit rule.
3. ₹1,50,000 a year for 10 years only
56,48,207 maturity · 41,48,207 interest
Deposit for 10 years instead of 15 and stop: you invest ₹15,00,000, the balance is ₹23,73,618 at year 10, and 11 more years of compounding take it to ₹56,48,207 — ₹15,33,912 less than depositing for the full 15 years.
Why two SSY calculators can disagree by ₹5,44,301
On ₹1,50,000 a year for 15 years at 8.2%, this calculator gives ₹71,82,119 and a calculator that takes deposits at the end of each year gives ₹66,37,818 — the same invested total of ₹22,50,000 either way. The difference is timing: this calculator counts each year's deposit at the start of the year, so it earns that year's interest, while the other counts it at the end of the year. Neither is wrong, but the figures are not comparable unless the timing matches. This page states its timing in the method section, and the same start-of-year timing is what calcmint.co.in and desiutils.in use.
Worked examples
Five cases, five maturity values
One example for each everyday case, including one starting at age 5, one at a smaller deposit and one at the minimum. Select any example to load it into the calculator and check the working for yourself.
₹1,50,000 a year from birth: ₹71,82,119
₹1,50,000 a year for 15 years at 8.2%. You invest ₹22,50,000 and interest adds ₹49,32,119. The account matures when she turns 21 — the last six years, with no new deposits, add ₹27,06,130 on their own.
₹1,50,000 a year · girl aged 0 → maturity ₹71,82,119
₹50,000 a year from birth: ₹23,94,040
₹50,000 a year for 15 years at 8.2%. You invest ₹7,50,000 and interest adds ₹16,44,040. The same figure ClearTax publishes for these inputs — and the 80C deduction still saves tax every year you deposit.
₹50,000 a year · girl aged 0 → maturity ₹23,94,040
₹1,00,000 a year from age 5: ₹47,88,079
₹1,00,000 a year for 15 years at 8.2%, starting when she is 5. You invest ₹15,00,000 and interest adds ₹32,88,079. The account matures when she turns 26 — in time for higher education or a postgraduate course.
₹1,00,000 a year · girl aged 5 → maturity ₹47,88,079
₹25,000 a year from birth: ₹11,97,020
₹25,000 a year for 15 years at 8.2%. You invest ₹3,75,000 and interest adds ₹8,22,020 — more than double what you paid in, and every rupee of it tax-free.
₹25,000 a year · girl aged 0 → maturity ₹11,97,020
₹250 a year, the minimum: ₹11,970
The smallest deposit the scheme allows — ₹250 a year for 15 years at 8.2%. You invest ₹3,750 and the account matures at ₹11,970. Even the minimum keeps the account alive and compounding.
₹250 a year · girl aged 0 → maturity ₹11,970
SSY rules at a glance
SSY rules at a glance
The current rate, the deposit limits, who can open an account, the 15-year deposit period, maturity at 21 years, the education withdrawal, early closure and the tax treatment. Every rule here comes from the Sukanya Samriddhi Account Scheme, 2019 or the Income-tax Act — never from a blog or a competitor.
| Figure | Rule | What it means |
|---|---|---|
| 8.2% a year (Oct–Dec 2026) | Current notified rate | The rate for 1 October to 31 December 2026, notified by the Ministry of Finance on 30 September 2026. It has been 8.2% since 1 January 2024 and is reviewed every quarter — the next review is due around 31 December 2026. |
| ₹250 to ₹1,50,000 a year | Deposit limits | At least ₹250 every financial year, in multiples of ₹50, and at most ₹1,50,000 a year. Anything above ₹1,50,000 in a year earns no interest and is returned. |
| Girl below 10 years | Who can open | A parent or legal guardian opens the account for a resident girl child who has not yet turned 10. One account per girl; a family may open at most two accounts, or three where twins or triplets are born at the second birth. |
| Deposits for 15 years | Deposit period | Deposits may be made only for the first 15 years from opening. If the ₹250 minimum is missed in a year, the account is in default — revive it within the 15 years by paying ₹50 for each defaulted year plus the ₹250 minimum. |
| Maturity at 21 years | When the money comes out | The account matures 21 years from opening. Years 16 to 21 take no new deposits, but the balance keeps earning interest. The girl operates the account herself from age 18. |
| 50% after 18 for education | Partial withdrawal | Once the girl turns 18, or has passed Class 10, whichever is earlier, up to 50% of the balance at the end of the previous financial year may be withdrawn for her higher education — in one payment or up to five yearly instalments, and never more than the fee shown. |
| Closure for marriage after 18 | Early closure | The account may be closed early for the girl's marriage once she is 18 — apply from one month before the wedding to three months after it, with an age declaration. |
| Premature closure, compassionate grounds | After 5 years only | No premature closure before 5 years, except on the girl's death. After 5 years it is allowed on compassionate grounds — a life-threatening illness of the girl or the death of the guardian. Closing for any other reason earns only the post office savings-account rate, about 4%. |
| EEE — fully tax-free | Tax | Deposits qualify for deduction under Section 80C (up to ₹1.5 lakh a year, old regime only, shared with PPF, ELSS and other 80C items). The interest and the maturity amount are exempt under Section 10(11A). If the girl becomes an NRI or loses Indian citizenship, the account must be closed and stops earning interest. |
The rules are fixed — the 15-year deposit window, maturity at 21 years and the 8.2% rate decide everything. The only judgement call is the rate you assume for the years ahead, and this page states it plainly: 8.2% is today's notified rate, not a promise for 21 years.
Common mistakes
Four ways to get SSY wrong
The scheme rewards patience and punishes missed years. Each of these can cost lakhs.
Stopping the clock at 15 years
Deposits stop at 15 years, but maturity is at 21. At year 15 the balance on the maximum deposit is ₹44,75,989 — the last six years add ₹27,06,130 with no new money. Anyone who treats 15 years as the finish line understates the account by more than a third.
Missing the 5th-of-the-month rule
Post office interest is worked out on the lowest balance between the 5th and the last day of each month. A deposit made after the 5th earns nothing for that month, and a deposit made late in the financial year misses months of interest. Deposit early in the year, and before the 5th of the month.
Assuming the rate will never move
The rate is notified every quarter and can change. At 7.5% instead of 8.2%, the maximum deposit builds ₹64,99,748 instead of ₹71,82,119 — ₹6,82,371 less. Try a lower rate to see a safer estimate.
Letting the account go into default
Miss the ₹250 minimum in a year and the account is in default: ₹50 for each defaulted year plus the ₹250 minimum to revive it, and only within the 15-year window. An unrevived balance earns the post office savings-account rate, about 4%, instead of 8.2%.
Your questions, answered
SSY calculator FAQs
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government small-savings scheme for a girl child, launched on 22 January 2015 under the Beti Bachao Beti Padhao campaign. A parent or legal guardian opens the account in the girl's name before she turns 10, deposits between ₹250 and ₹1,50,000 a year for 15 years, and the account matures 21 years after opening. It runs through post offices and authorised banks, and the rate — 8.2% a year for October to December 2026 — is notified by the Ministry of Finance every quarter.
What is the current SSY interest rate?
8.2% a year, compounded annually, for 1 October to 31 December 2026 (the third quarter of FY 2026-27). The Ministry of Finance kept small-savings rates unchanged in its office memorandum of 30 September 2026, and SSY has paid 8.2% since 1 January 2024. The rate is reviewed every quarter, so the next review is due around 31 December 2026 — this calculator lets you change the rate to see what a different rate would do.
How much can I deposit in SSY each year?
At least ₹250 and at most ₹1,50,000 in a financial year, in multiples of ₹50. You may deposit in one lump sum or in instalments through the year. The ₹250 minimum must be paid every year for the first 15 years to keep the account active; anything deposited above ₹1,50,000 in a year earns no interest and is returned.
When does an SSY account mature — 15 or 21 years?
21 years from the date of opening. You deposit for only the first 15 years; from year 16 to year 21 no new deposits are allowed, but the balance keeps earning interest. On the maximum deposit the balance at year 15 is ₹44,75,989 and the last six years add ₹27,06,130 with no new money. Alternatively the account closes earlier if the girl marries after turning 18.
Can I withdraw from SSY before maturity?
Yes, in three ways. Once the girl turns 18, or has passed Class 10, whichever is earlier, up to 50% of the balance at the end of the previous financial year may be withdrawn for her higher education — in one payment or up to five yearly instalments, and never more than the fee shown on the admission offer or fee slip. The account may be closed early for her marriage once she is 18. And after 5 years it may be closed on compassionate grounds, such as a life-threatening illness of the girl or the death of the guardian.
Is SSY tax-free?
Yes, fully — SSY has EEE (Exempt-Exempt-Exempt) status. Deposits up to ₹1.5 lakh a year qualify for deduction under Section 80C, the interest earned every year is exempt, and the maturity amount is exempt under Section 10(11A) of the Income-tax Act. The 80C deduction applies under the old tax regime only, and the ₹1.5 lakh limit is shared with PPF, ELSS, life insurance premiums and other 80C items.
What happens if I miss a year's deposit?
The account becomes a default account, but the balance keeps earning interest. To revive it, pay ₹50 for each defaulted year plus the ₹250 minimum deposit for each of those years — revival is allowed only within the 15-year deposit window. If it is not revived, the balance earns interest at the post office savings-account rate, about 4%, instead of the SSY rate.
SSY or PPF — which is better?
On returns alone, SSY wins while its rate is higher: ₹1,50,000 a year for 15 years gives ₹71,82,119 in SSY at 8.2% against ₹61,39,600 in PPF at 7.1% — ₹10,42,519 more on the same deposits, and both are fully tax-free. But SSY is only for a girl under 10, with a fixed 21-year maturity, while PPF is open to anyone, matures in 15 years and can be extended in 5-year blocks. If you have a daughter under 10, run both — SSY in her name and PPF in yours — and compare them on the PPF calculator.
Does this calculator send my numbers anywhere?
No. Every calculation runs entirely on this page — nothing is sent to a server, nothing is stored, and reloading the page clears your recent checks.
About the method
This page uses the standard SSY-calculator method: every year your deposit is paid at the start of the year and the whole balance earns one year of interest at the rate you enter. Deposits run for the deposit years you enter — 15 under the scheme — and then the balance keeps compounding for the remaining years until year 21, with no new deposits. Balances are carried at full precision and each figure is rounded to the nearest rupee, so a row's interest can differ by a rupee from the interest worked out on the rounded balances. The rate is user-entered and treated as a steady assumption — never as a live quote or a promise for 21 years.
Figures checked 12 November 2026: the 8.2% rate for 1 October to 31 December 2026 is in the Ministry of Finance (Department of Economic Affairs) Office Memorandum F.No.1/4/2019-NS, dated 30 September 2026, keeping small savings rates unchanged for the third quarter of FY 2026-27 — see the National Savings Institute. The deposit limits, the 15-year deposit period, maturity at 21 years, the 50% education withdrawal, early closure and the default rules are in the Sukanya Samriddhi Account Scheme, 2019 (G.S.R. 914(E), 12 December 2019) — see India Post. The tax treatment — deposits deductible under Section 80C, interest and maturity exempt under Section 10(11A) — is in the Income-tax Act, 1961 — see the Income Tax Department. The worked examples reproduce the ranking SSY calculators' published figures: ₹1,50,000 a year for 15 years at 8.2% gives ₹71,82,119 on calcmint.co.in and on desiutils.in, and ₹50,000 a year gives ₹23,94,040 on cleartax.in — whose figure matches the correct 15-year deposit rule, although its text wrongly says deposits run for 21 years. One honest limit: this calculator assumes each year's deposit is made at the start of the year, but a real account earns interest on the lowest balance between the 5th and the last day of each month, so deposits made later in the year earn slightly less. For a guaranteed-return comparison, use the PPF calculator; for a monthly deposit without a maturity lock-in, the RD calculator; for the tax on your deposits, the income-tax calculator; for a market-linked retirement corpus, the NPS calculator.
Check another plan before you start
Try different numbers — or run the same check with the related tools for your other plans.
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