Financial Calculators
Sukanya Samriddhi Calculator
A government-backed, tax-free corpus for your daughter. See what disciplined SSY deposits build by maturity.
- Total deposited
- ₹22,50,000
- Interest earned
- ₹49,32,119
- Value at maturity (21 years)
- ₹71,82,119
Sukanya Samriddhi accounts mature 21 years from opening, with deposits allowed for the first 15 years. The rate is notified quarterly by the government; confirm the current rate and enter it above.
A head start, guaranteed by the sovereign
Sukanya Samriddhi Yojana lets parents of a girl child under 10 build a corpus with sovereign backing, one of the highest rates among small savings schemes, and EEE tax treatment: deposits qualify under 80C, and interest and maturity are tax-free. Deposits run for the first 15 years; the account matures 21 years from opening, with partial withdrawal permitted for higher education under the rules.
The rate is notified quarterly, so this calculator asks you to enter the current rate rather than assuming one. Even at conservative rates, the 21-year compounding runway does remarkable work.
How the calculation works
Years 1-15: balance = (balance + yearly deposit) x (1 + rate)\nYears 16-21: balance = balance x (1 + rate)\nDeposit at the start of the year, compounded annuallyWorked example: Rs 1,50,000 deposited yearly for 15 years at 8.2% grows to about Rs 71,82,119 at the 21-year maturity, of which Rs 22,50,000 is your deposits and about Rs 49,32,119 is tax-free interest.
Frequently asked questions
Who can open an SSY account?
Parents or guardians of a girl child below 10 years of age, for up to two daughters, at post offices and authorised banks.
Can money be withdrawn before 21 years?
Partial withdrawal is permitted for higher education after the daughter turns 18, and the account can close on her marriage after 18, per scheme rules.
SSY or mutual funds for my daughter?
Often both: SSY as the guaranteed, tax-free core, and equity SIPs alongside for growth beyond the SSY deposit ceiling. We structure this combination for many families.
Is the maturity value guaranteed?
It is accurate for the rate you enter, but the notified rate changes quarterly over the 21-year term, so the final figure will differ. The sovereign guarantee applies to the scheme, not to any single projected number.
Start her corpus this year.
SSY plus a growth SIP is one of the strongest gifts a daughter can receive. We will set up both.