Calculate Sukanya Samriddhi Yojana maturity at 8.2% (FY 2026-27). Year-by-year breakdown, 80C tax benefits.
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Monthly equivalent: ₹12,500/month
Maturity when she turns 26 years old
Maturity Value (Year 21)
₹71,82,119
When the girl turns 26
Total Invested (15 years)
₹22,50,000
Total Interest Earned
₹49,32,119
Tax Savings (80C)
₹0
Bars Y1-Y15 show deposit + interest. Y16-Y21 show interest only (no new deposits).
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financeSukanya Samriddhi Yojana (SSY) is a small-savings scheme run by the Government of India under the Beti Bachao Beti Padhao initiative. It lets parents or legal guardians open an account in the name of a girl child below the age of 10 and build a long-horizon corpus at one of the highest government-guaranteed interest rates available to a retail saver. The scheme was launched on 22 January 2015 and runs through designated India Post offices and authorised banks like SBI, PNB, HDFC, ICICI, and others.
The calculator above gives you a year-by-year projection of your SSY balance based on the current quarterly rate (8.2% p.a. for Q1 FY 2026-27, unchanged since Q3 FY 2023-24). Set your annual deposit between Rs 250 and Rs 1,50,000 and it shows total deposits, total interest earned, final maturity value, and optional tax savings under Section 80C. Full 21-year breakdown is viewable below the results.
| Rule | Value |
|---|---|
| Interest rate | 8.2% per annum, compounded annually (Q1 FY 2026-27) |
| Deposit range | Rs 250 minimum, Rs 1,50,000 maximum per financial year |
| Deposit duration | 15 years from account opening |
| Maturity | 21 years from account opening (years 16-21 earn interest with no new deposits) |
| Tax treatment | EEE - deposit deductible under Section 80C, interest tax-free, maturity tax-free |
| Girl's age limit | Account can be opened only if the girl is below 10 years old |
| Accounts per family | Maximum 2 (3 if twins or triplets in the same family) |
| Deposit frequency | Monthly, quarterly or lump sum. No limit on number of deposits in a year. |
SSY interest is compounded annually and credited to the account at the end of each financial year. However, the monthly calculation rule matters if you deposit in instalments. The post office computes interest on the lowest balance between the 5th and the last day of the month. Practical consequence: any deposit made on or before the 5th of a month earns interest for that month; a deposit made on the 6th or later earns interest only from the following month. If you split your Rs 1.5 lakh across months, front-loading early in the financial year or depositing before the 5th of each month maximises your total interest.
The calculator above assumes annual deposits at the start of each year for simplicity, which is how most SSY calculators on banking websites model the scheme. This matches maturity values within a few hundred rupees of what you actually receive if you deposit monthly on or before the 5th.
If you deposit the maximum Rs 1,50,000 every year for 15 years at the current 8.2% rate:
For a girl child aged 5 when the account opens, this money matures when she turns 26 - enough to fund undergraduate studies and either a postgraduate course or a significant contribution to marriage expenses, depending on family priorities.
Both SSY and PPF offer EEE tax treatment and are sovereign-guaranteed, but the use cases differ.
| Feature | SSY | PPF |
|---|---|---|
| Interest rate | 8.2% p.a. | 7.1% p.a. |
| Account holder | Girl child under 10 only | Any Indian resident, including minors via guardian |
| Lock-in / maturity | 21 years (deposits for 15) | 15 years (extendable in 5-year blocks) |
| Partial withdrawal | 50% after girl turns 18 (education or marriage) | Allowed from year 7 |
| Accounts per person | One per girl, max 2 per family | One per individual |
| Deposit limit | Rs 250 to Rs 1,50,000 per year | Rs 500 to Rs 1,50,000 per year |
If you have a daughter under 10, SSY almost always wins on pure returns thanks to the 110 basis point rate edge over PPF. Families often run both: SSY in the girl's name for the 8.2% rate, PPF in the parent's name for post-21-year flexibility.
SSY is designed as a locked long-term scheme, but there are genuine exit paths. After the girl turns 18, you can withdraw up to 50% of the previous year's closing balance for higher education expenses (admission proof required), or close the account entirely if she is getting married (within one month before to three months after the wedding). Full premature closure on compassionate grounds - death of the account holder, or a life-threatening illness of the girl - is also allowed with documentary evidence.
Outside these specific situations, the account cannot be closed before 21 years. If you miss depositing in a year, the account becomes a "default" account. It can be revived within the 15-year deposit window by paying Rs 50 per defaulted year plus the Rs 250 minimum deposit for each year. If not revived, the balance continues to earn interest at the lower post office savings account rate, not the SSY rate.
Ministry of Finance notification dated 30 March 2026 on Q1 FY 2026-27 small savings rates. Post Office Savings Account Rules 2018 (as amended). Sukanya Samriddhi Account Rules 2019 (Gazette Notification, Department of Posts). Section 80C, Income Tax Act 1961. Data verified April 2026; rates are reviewed quarterly and the calculator defaults may become stale - check the current rate via the India Post or Ministry of Finance press releases.