Sukanya Samriddhi Calculator
Plan a daughter's education corpus. Project the maturity amount of a Sukanya Samriddhi Yojana account across its deposit and lock-in years.
About the Sukanya Samriddhi Calculator
Sukanya Samriddhi Yojana is a government small-savings scheme for a girl child, opened before she turns ten. Deposits run for the first 15 years, but the account continues to earn interest until it matures in year 21, which is where much of the final corpus is built. Like PPF, it carries EEE tax treatment under the old regime.
How SSY maturity is built
Balance compounds annually on deposits for 15 years, then on the closing balance alone until year 21
- Deposit phase
- Years 1 to 15, annual deposit plus interest
- Growth phase
- Years 16 to 21, interest only, no further deposits
The six deposit-free years matter: with no new money going in, the balance still compounds, which adds a substantial share of the final corpus.
Using this calculator
- Enter the amount you will deposit each year.
- Set the current SSY interest rate.
- Keep deposit years at 15 and maturity at 21 unless modelling a variation.
- Review the year-wise table to see the deposit and growth phases.
Sukanya Samriddhi Calculator FAQs
Who can open a Sukanya Samriddhi account?
A parent or legal guardian can open one for a girl child before her tenth birthday. Only one account is permitted per girl, and a family is generally limited to two accounts, with an exception for twins or triplets.
How long do I need to deposit?
Deposits are required for the first 15 years from opening, with a minimum of Rs 250 a year to keep the account active. The account then continues earning interest without further deposits until it matures at 21 years.
When can the money be withdrawn?
Up to 50% of the previous year's closing balance can be withdrawn once the girl turns 18 or passes class ten, for education. Full maturity is at 21 years, or earlier on marriage after she turns 18.
Is SSY better than PPF?
SSY has historically carried a higher rate than PPF and the same EEE tax status, but it is far less flexible - the money is tied to one child and one purpose. PPF is general-purpose with earlier partial withdrawals.
Is the maturity amount taxable?
No. Interest accrued and the final maturity amount are exempt from income tax. Deposits also qualify under Section 80C in the old regime, which makes the scheme exempt at all three stages.
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Important: this calculator provides general information and arithmetic only. It is not personal financial, tax or investment advice. Projected returns are illustrations based on the rate you enter, not guarantees, and market-linked investments can fall in value. Verify current tax rates and scheme terms before acting, and consult a qualified adviser where the decision matters.