Sukanya Samriddhi Yojana (SSY) Calculator
Year-wise SSY balance, maturity at 21 years and the education withdrawal at 18.
Payments from the account are tax-free (Income-tax Act, 2025, Schedule II, serial 5). Deposits count towards the ₹1.5 lakh section 123 deduction in the old regime only.
Balance at the end of each financial year
Year by year
How this was calculated
Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the Sukanya Samriddhi Yojana (SSY) Calculator
The Sukanya Samriddhi Account is a government savings scheme for a girl child, opened by a parent or guardian before she turns 10. You deposit for 15 years from opening, the balance keeps earning interest until the account matures 21 years after opening, and the interest and maturity amount are tax-free.
Enter her age, the opening month and a yearly or monthly deposit to see the balance in every financial year, the maturity value and her age when it matures. The calculator follows the scheme rules — interest on the lowest balance after the 5th of each month, credited and rounded each 31 March — and can model the 50% withdrawal for higher education allowed once she turns 18. It also works for an existing account, starting from the balance in your passbook.
How to use it
- Choose New account or Existing account and pick the opening month. For an existing account, enter the balance on 31 March from the passbook.
- Enter her age (in completed years) when the account was opened — it must be under 10.
- Choose yearly or monthly deposits and the amount: ₹250 to ₹1,50,000 a year, in multiples of ₹50. Tick whether you pay on or before the 5th.
- Keep the rate at 8.2% or enter the current rate. Optionally plan an education withdrawal at 18.
- Read the maturity value and the year-wise table, then copy the summary or download the table as CSV.
Examples
Maturity value ₹71,82,127 in April 2047 · deposited ₹22,50,000 · tax-free interest ₹49,32,127
15 deposits · ₹71,93,276 in October 2047
16 deposits fit into the 15 years · ₹76,96,181 in October 2047
The first deposit is made on opening (October 2026); the next ones in April 2027 to April 2041, all within 15 years of opening.
₹17,67,319 withdrawn in April 2039 · ₹38,62,164 left at maturity in April 2047
Sukanya Samriddhi rules this calculator follows
From the Sukanya Samriddhi Account Scheme, 2019:
- Who (para 3): a guardian opens the account for a girl who has not turned 10, with her birth certificate. One account per girl and at most two girls per family, except for twins or triplets. The scheme began in December 2014 (NSI rate history), so no account is older than that.
- Deposits (para 4): at least ₹250 and at most ₹1,50,000 in a financial year, in multiples of ₹50, until 15 years from the date of opening.
- Interest (para 5): for each calendar month on the lowest balance between the close of the 5th day and the end of the month; credited at the end of each financial year and rounded to the nearest rupee (50 paise and more rounds up).
- Maturity (para 9): 21 years from opening. The balance keeps earning interest after deposits stop. The account can also be closed for her marriage after she turns 18 (from one month before to three months after the wedding).
- Missed years (para 4): a year without the ₹250 minimum puts the account in default. It can be regularised within the 15 years by paying ₹50 for each year of default plus the missed minimums; even if it is not, the balance keeps earning the scheme rate.
- The guardian operates the account until she turns 18; after that she operates it herself (para 6).
Interest rate
The scheme rate has been 8.2% a year since January 2024, according to the NSI interest-rate table, which lists 8.2% up to July–September 2026 (the latest quarter listed). The rate is reviewed every quarter and applies to the whole balance, so the real maturity value will differ if it changes. Enter a different rate to see the effect.
Withdrawing for education at 18
Once she turns 18 — or passes Class 10, if that comes first — up to 50% of the balance at the end of the previous financial year can be withdrawn for her education (para 8), as a lump sum or in up to five yearly instalments, against an admission offer or fee receipt. The amount is limited to the actual fees and charges. The calculator models a single withdrawal in the month she turns 18 (counted from the opening month, since her birthday is not known) and keeps the rest growing until maturity.
Tax benefits
Under the Income-tax Act, 2025, all payments from a Sukanya Samriddhi account are exempt (Schedule II, serial 5). Deposits count towards the ₹1,50,000 deduction under section 123 (Schedule XV, item (h)) — in the old regime only; the default new regime under section 202 does not allow it.
Why deposit by the 5th
Interest for a month is paid on the lowest balance after the 5th. A deposit on 5 April earns interest for all 12 months of the year; the same deposit on 6 April earns 11. On ₹1,50,000 at 8.2% that one-day difference costs ₹1,025 in the first year alone, and more as it compounds over 21 years.
Limitations
- Assumes the same deposit and one interest rate for the whole projection; the rate is reviewed every quarter.
- Her age is counted from the opening month, because her birthday is not entered; the month she turns 18 may differ by up to 11 months.
- The education withdrawal is modelled as one lump sum at 18; marriage closure and premature closure are not modelled.
- For an existing account the projection starts from the 31 March balance and applies your deposit plan from 1 April of this financial year.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
What is the Sukanya Samriddhi interest rate now?
8.2% a year, compounded yearly. The NSI rate table shows 8.2% from January 2024 to July–September 2026. Check the current quarter’s rate before relying on a projection.
For how many years do I deposit in Sukanya Samriddhi?
For 15 years from the date you open the account. After that no deposits are taken, but the balance keeps earning interest until the account matures 21 years after opening.
How much will I get if I deposit ₹1.5 lakh every year?
If you deposit ₹1,50,000 by 5 April every year for 15 years and the rate stays at 8.2%, an account opened in April 2026 grows to ₹71,82,127 by April 2047. You deposit ₹22.5 lakh; the rest is tax-free interest.
When can my daughter withdraw money from the account?
Up to 50% of the previous year-end balance can be withdrawn for higher education after she turns 18 or passes Class 10. The whole balance is paid at maturity, 21 years after opening, or earlier if the account is closed for her marriage after 18.
Is Sukanya Samriddhi interest taxable?
No. Interest and the maturity amount are tax-free under Schedule II of the Income-tax Act, 2025. Deposits also qualify for the section 123 deduction, but only in the old regime.
What happens if I miss a year’s deposit?
The account goes into default. You can regularise it within the 15-year deposit period by paying ₹50 for each year missed plus the minimum ₹250 for those years. Even if you do not, the balance keeps earning interest at the scheme rate.