Sukanya Samriddhi Yojana Calculator 2025-26 — Complete SSY Guide
Sukanya Samriddhi Yojana (SSY) is India's most rewarding government savings scheme for girl children — offering 8.2% interest per annum, complete EEE tax exemption (Exempt-Exempt-Exempt), and the backing of the Government of India. Opened by parents or guardians for a girl child below 10 years, the account matures when she turns 21.
⚡ SSY Quick Reference — 2025-26
Interest rate (2025-26)8.2% per annum, compounded annually
Minimum deposit per year₹250
Maximum deposit per year₹1,50,000
Mandatory deposit years15 years from account opening
Account maturesAt girl's age 21
Partial withdrawal allowedAfter age 18 (50% of balance)
80C deductionUp to ₹1.5 lakh/year
Tax on interestZero — EEE status
Tax on maturityZero — fully tax-free
Where to openPost office or authorised banks
How SSY Interest is Calculated
SSY interest is compounded annually — calculated on the lowest balance between the 5th and last day of each month, and credited at year end. Deposits made before the 5th of a month earn interest for that month. Deposits made after the 5th earn interest from the following month.
On a ₹1,00,000 annual deposit for 15 years at 8.2%: total invested = ₹15,00,000, maturity amount at 21 ≈ ₹43.1 lakhs. ₹28.1 lakhs is pure interest — nearly double the amount invested, completely tax-free.
SSY vs PPF vs FD — Which is Best for a Girl Child?
- SSY at 8.2% — highest rate among all EEE schemes. Specifically for girl children below 10. Cannot be withdrawn before 18.
- PPF at 7.1% — lower rate, but open to all. 15-year lock-in extendable. More flexible for partial withdrawals after 7 years.
- Tax Saver FD at 6.5–7% — interest is fully taxable. Only principal qualifies for 80C. Far inferior to SSY and PPF in the long run.
- ELSS Mutual Funds — potentially higher returns (12%+) but market-linked risk. No guaranteed returns. Better for longer horizons if risk is acceptable.
Verdict: For a guaranteed, risk-free, fully tax-free corpus for your daughter — SSY is unbeatable among government schemes. The 8.2% guaranteed rate beats inflation and PPF by a significant margin.
The Power of Starting Early
Opening SSY at birth vs age 5 vs age 9 makes a massive difference. At birth, the account earns interest for 21 years on 15 years of deposits. Opening at age 9, you still deposit for 15 years but only earn 12 years of compounding. The extra 9 years of compounding when opening at birth can add ₹10–15 lakhs to the final corpus on a ₹1 lakh annual deposit.
Partial Withdrawal Rules
- After daughter turns 18, you can withdraw up to 50% of the balance at the end of the previous financial year
- Purpose: higher education fees or marriage expenses — documents required
- Remaining balance continues to earn 8.2% interest until maturity at 21
- Premature closure allowed only for death of account holder, life-threatening illness, or marriage after 18
What is the maturity amount if I invest ₹1.5 lakh per year in SSY?+
At maximum deposit of ₹1,50,000/year for 15 years at 8.2%, the maturity amount at age 21 is approximately ₹64.7 lakhs. Total investment: ₹22.5 lakhs. Total interest earned: approximately ₹42.2 lakhs — purely tax-free. This is why SSY is considered one of the best long-term savings instruments for a girl child in India.
Can I open SSY account for my daughter if she is 8 years old?+
Yes — SSY account can be opened for a girl child below 10 years of age. If your daughter is 8, you can still open the account. You will deposit for 15 years (until she is 23) and the account matures when she turns 21. Note: you continue deposits until 15 years from account opening, even if deposits extend beyond age 21 — in this case the account closes at the end of 15 years or age 21, whichever is later.
Is SSY interest rate guaranteed?+
The SSY interest rate is set by the Government of India and reviewed quarterly. It is not locked in at opening — the rate can change during the scheme's tenure. Currently at 8.2% for 2025-26. Historically it has ranged from 7.1% to 9.2% since the scheme launched in 2015. Even at the lowest historical rate (7.6%), SSY significantly outperforms FDs and many other guaranteed savings instruments.
Where can I open a Sukanya Samriddhi account?+
SSY accounts can be opened at: (1) Any post office across India, (2) Authorised banks — SBI, HDFC, ICICI, Axis, Bank of Baroda, PNB, Canara Bank, and other authorised banks. Documents required: birth certificate of the girl child, KYC documents of parent/guardian (Aadhaar, PAN), and address proof. Minimum initial deposit: ₹250.