Sukanya Samriddhi Yojana Calculator
See how much your yearly SSY deposits grow by the time your daughter turns 21. The interest adds up more than you'd expect.
How SSY works
SSY is a government savings scheme built for a girl child's future. You open the account at any post office or bank before she turns 10, then put money in every year for 15 years. Interest compounds annually on the full balance. The account matures when she turns 21, and everything you get back is tax-free.
You stop depositing after 15 years, but the balance keeps earning interest until maturity. Once she turns 18, you can pull out up to half the balance for her education or wedding. The government sets the rate and revises it every quarter. For the latest rate and rules, check the India Post SSY page.
Common questions
When does the account mature?
21 years from when you opened it, not from her birth date. So if you open it when she's 3, it matures when she's 24. This calculator treats the opening date as today and uses her current age to work out maturity.
How much can I put in?
At least ₹250 per year to keep it active, and at most ₹1.5 lakh. You can deposit any number of times during the year in any amounts. If you don't put in the minimum, there's a ₹50 penalty.
Is the interest taxable?
No. SSY is fully tax-free at every stage. Your deposit gets you an 80C deduction, the interest isn't taxed each year, and the maturity payout is also tax-free. It's one of the best guaranteed tax-free returns you'll find in any government scheme.
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