Sukanya Samriddhi Yojana (SSY) calculator
Estimate maturity for a girl child’s SSY account—deposits for 15 years, growth over 21 years, within annual limits.
Inputs
Amount per period, frequency & rate
Annual deposit: ₹0
Indicative; use the current notified SSY rate.
Quick add (per period)
Maturity value
Year 21—
Simplified model: deposits 15 years, annual compounding for 21 years.
Visual insights
Interactive charts — hover for details.
Balance over time
21-year projection
Investment vs interest
Share of maturity value
Yearly interest
Model interest by year
Smart insights
High-signal takeaways from your current numbers.
Interest share
About 0% of the modeled maturity value is interest—starting early increases compounding over 21 years.
Annual cap
Keep total annual deposits at or under ₹1.5 lakh per SSY rules; excess does not earn interest.
Year-wise breakdown
| Year | Deposit (₹) | Interest (₹) | Total (₹) |
|---|
Related SSY calculator pages
Nearby annual deposit amounts or interest rates—one change at a time.
- SSY — ₹1,38,000/yr @ 7.199999999999999%
- SSY — ₹1,50,000/yr @ 7.199999999999999%
- SSY — ₹1,14,000/yr @ 7.199999999999999%
- SSY — ₹96,000/yr @ 7.199999999999999%
- SSY — ₹1,26,000/yr @ 7.299999999999999%
- SSY — ₹1,26,000/yr @ 7.1%
- SSY — ₹1,26,000/yr @ 7.699999999999999%
- SSY — ₹1,26,000/yr @ 6.699999999999999%
- SSY — ₹1,26,000/yr @ 8.2%
Guide · India · Girl child savings
SSY: long horizon planning with clear limits
Why SSY matters
SSY encourages early, regular savings for daughters with a structured timeline. Parents often compare SSY with PPF, FDs, and mutual funds—each differs in liquidity, tax, and risk. This calculator helps visualize growth under your assumed rate while respecting the annual cap.
How to use this SSY calculator
Enter investment per period, frequency, and assumed annual interest rate. The model projects a 21-year horizon with deposits for the first 15 years—aligned with common scheme structure. Charts and tables show balance and interest evolution for discussion with family and advisors.
Always confirm with authorised channels
Open or operate SSY accounts only through authorised banks and India Post branches. Rates, limits, and forms change—download the latest instructions from official sources.
Key insights
- Max the cap early: if cash flow allows, using the full ₹1.5 lakh/year increases compounding base.
- Goal tagging: align maturity with education milestones and keep other liquidity for emergencies outside SSY.
Frequently asked questions
- What is Sukanya Samriddhi Yojana (SSY)?
- SSY is a government-backed savings scheme for the girl child, designed for education and marriage expenses. Deposits are permitted for a limited number of years; the account matures after 21 years subject to rules.
- Who can open an SSY account?
- A natural guardian can open an account for a girl child below the age limit prescribed in the scheme. One girl may have only one account; documentation and KYC rules apply—refer to current guidelines.
- What is the maximum deposit per year in SSY?
- The annual deposit is capped at ₹1.5 lakh across SSY accounts you fund—excess may not earn interest. Minimums and penalties for default also apply under rules.
- How is SSY interest calculated?
- Interest is compounded annually as per notified rates. Rates change quarterly in line with government notification. This calculator uses your rate input as an illustration only.
- When can money be withdrawn from SSY?
- Partial withdrawal is allowed for higher education after the girl attains a prescribed age, within percentage limits. Full rules govern closure on marriage after a minimum age—check the latest circular.
- Are SSY returns tax-free?
- Contributions may qualify for deduction under Section 80C within limits; interest and maturity benefits have been tax-free under existing provisions—tax law evolves, so consult a CA.
- Does this calculator include government fees or penalties?
- No. It models deposits and growth from your inputs. Real accounts may have fines for missed deposits and operational charges—see official literature.
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Conclusion
SSY can be a meaningful part of a girl child’s financial plan. Use projections here to start conversations—then finalize with official rules, documentation, and professional tax advice.