What is Sukanya Samriddhi Yojana (SSY)?

SSY is a government savings scheme for the benefit of a girl child. A parent or guardian can open an account for a girl below the age of 10 and deposit money for 15 years from the date the account is opened. The account then continues to earn interest until it matures 21 years after it was opened.

How much can I deposit each year?

You can deposit a minimum of ₹250 and a maximum of ₹1,50,000 per financial year. This calculator assumes you deposit the same amount at the start of each year for the first 15 years.

Why does the balance keep growing after year 15?

Deposits stop after 15 years, but the account stays open and continues to earn interest for another 6 years until it matures 21 years after it was opened, which is why the balance keeps growing even though the "total invested" amount stays the same.

Is the SSY maturity amount taxable?

No. Like PPF, SSY enjoys Exempt-Exempt-Exempt (EEE) tax status: your deposits qualify for a deduction under Section 80C (up to the overall ₹1,50,000 limit), the interest earned is tax-free, and the maturity amount is also fully tax-free.

Can I open more than one SSY account?

A family can open SSY accounts for up to two girl children (or three in the case of twins/triplets on the second birth). Each account is opened and operated separately, but the combined deposits across all SSY accounts for a family still count toward the overall ₹1,50,000 Section 80C limit per financial year.

SSY Calculator

Estimate the maturity value of a Sukanya Samriddhi Yojana account: deposit for 15 years, and watch the balance grow with annual compounding until it matures 21 years after the account is opened.

Your SSY details

Annual investment: ₹1,00,000

SSY interest rate: 8.2% p.a.

Your SSY projection

Maturity value

8.2% p.a.

₹47,88,079

after 21 years

Total invested

₹15,00,000

Total interest earned

₹32,88,079

+219% gain

69%is returns

Invested₹15.0L

Returns₹32.9L

Balance growth over time

Year-by-year growth

Year	Invested	Interest	Balance
1	₹1,00,000	₹8,200	₹1,08,200
2	₹2,00,000	₹25,272	₹2,25,272
3	₹3,00,000	₹51,945	₹3,51,945
4	₹4,00,000	₹89,004	₹4,89,004
5	₹5,00,000	₹1,37,303	₹6,37,303
6	₹6,00,000	₹1,97,761	₹7,97,761
7	₹7,00,000	₹2,71,378	₹9,71,378
8	₹8,00,000	₹3,59,231	₹11,59,231
9	₹9,00,000	₹4,62,488	₹13,62,488
10	₹10,00,000	₹5,82,412	₹15,82,412
11	₹11,00,000	₹7,20,369	₹18,20,369
12	₹12,00,000	₹8,77,840	₹20,77,840
13	₹13,00,000	₹10,56,423	₹23,56,423
14	₹14,00,000	₹12,57,849	₹26,57,849
15	₹15,00,000	₹14,83,993	₹29,83,993
16	₹15,00,000	₹17,28,680	₹32,28,680
17	₹15,00,000	₹19,93,432	₹34,93,432
18	₹15,00,000	₹22,79,894	₹37,79,894
19	₹15,00,000	₹25,89,845	₹40,89,845
20	₹15,00,000	₹29,25,212	₹44,25,212
21	₹15,00,000	₹32,88,079	₹47,88,079

Frequently asked questions

Popular SSY calculations

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This calculator assumes an annual deposit of ₹1,00,000 for the first 15 years, compounded annually at 8.2% p.a. (the rate the government revises quarterly), with the balance continuing to earn interest through the full 21-year maturity even after deposits stop. Actual SSY interest is computed monthly on the lowest balance between the 5th and last day of the month, so real maturity values may differ slightly from this estimate.