SSY 8.2% p.a. (Jul–Sep 2026) · 15-yr deposit, 21-yr maturity · Tax-free (EEE)
Sukanya Samriddhi Yojana (SSY) Calculator
See your daughter's tax-free maturity amount at the current 8.2% rate — with the year-by-year growth, the 80C tax you save, and the EEE benefit the bank calculators leave out.
₹1,50,000/year (limit ₹1,50,000, min ₹250).
Current SSY rate: 8.2% (set quarterly by the govt).
Account can be opened before she turns 10.
Fixed by the scheme: you deposit for 15 years, and the account matures 21 years from opening — the last 6 years keep earning interest with no deposit.
Maturity value (tax-free)
₹71,82,119
Deposit ₹1,50,000/year for 15 years and you put in ₹22,50,000, which grows to ₹71,82,119 at year 21 — ₹49,32,119 of it tax-free interest, when your daughter is 26.
Total deposited
₹22.50L
Total interest
₹49.32L
Maturity value
₹71.82L
Why tax-free (EEE) makes this special
SSY is triple tax-free (EEE): you keep all ₹49,32,119 of interest. A taxable FD at the same rate would lose about ₹14,79,636 of that to tax at your 30% slab — so SSY's 8.2% tax-free is like earning 11.71% from a taxable deposit.
On top of that, each year's deposit (up to ₹1,50,000) is deductible under Section 80C — saving about ₹46,800/year (≈₹7,02,000 over 15 years) in the old regime only (no 80C under the new regime). Both the interest and the maturity amount are fully exempt.
Your daughter's timeline
Opened this year, deposits run until she's about 20, and the account matures when she's 26. You can withdraw up to 50% for her higher education once she turns 18 — in about 13 years.
Year-by-year growth (all 21 years)
| Year | Age | Deposit | Balance |
|---|---|---|---|
| 1 | 6 | ₹1,50,000 | ₹1,62,300 |
| 2 | 7 | ₹1,50,000 | ₹3,37,909 |
| 3 | 8 | ₹1,50,000 | ₹5,27,917 |
| 4 | 9 | ₹1,50,000 | ₹7,33,506 |
| 5 | 10 | ₹1,50,000 | ₹9,55,954 |
| 6 | 11 | ₹1,50,000 | ₹11,96,642 |
| 7 | 12 | ₹1,50,000 | ₹14,57,067 |
| 8 | 13 | ₹1,50,000 | ₹17,38,846 |
| 9 | 14 | ₹1,50,000 | ₹20,43,732 |
| 10 | 15 | ₹1,50,000 | ₹23,73,618 |
| 11 | 16 | ₹1,50,000 | ₹27,30,554 |
| 12 | 17 | ₹1,50,000 | ₹31,16,760 |
| 13 | 18 | ₹1,50,000 | ₹35,34,634 |
| 14 | 19 | ₹1,50,000 | ₹39,86,774 |
| 15 | 20 | ₹1,50,000 | ₹44,75,989 |
| 16 | 21 | — | ₹48,43,020 |
| 17 | 22 | — | ₹52,40,148 |
| 18 | 23 | — | ₹56,69,840 |
| 19 | 24 | — | ₹61,34,767 |
| 20 | 25 | — | ₹66,37,818 |
| 21 | 26 | — | ₹71,82,119 |
Shaded rows (years 16–21) earn interest with no fresh deposit.
SSY maturity is computed year by year at the annual rate: deposits run for 15 years and the balance compounds for 21 years from opening — matching HDFC and India Post (₹1,50,000/yr at 8.2% → ₹71,82,119). The 8.2% rate is set by the government each quarter, so confirm the current rate at nsiindia.gov.in. The account is for a girl child opened before age 10; minimum ₹250 and maximum ₹1,50,000 per financial year. SSY is tax-free (EEE) — 80C applies in the old regime only. General information, not financial advice.
What Sukanya Samriddhi Yojana actually is
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme built for one purpose: a girl child's future. You open it at a post office or bank before your daughter turns 10, deposit between ₹250 and ₹1,50,000 a year, and the balance compounds at a government-set rate — currently 8.2%, the highest of any small-savings scheme. The structure is unusual and worth understanding: you deposit for 15 years, but the account matures 21 years after opening. Those last six years are pure compounding with no fresh deposit, which is a big part of why the final corpus is so large.
The number the bank calculators don't spell out: it's entirely tax-free
Most SSY calculators show you a maturity figure and stop. They miss the single most valuable feature: SSY is triple tax-free (EEE). Your deposits are deductible under Section 80C (up to ₹1.5 lakh, in the old regime), the annual interest is exempt, and the entire maturity payout is tax-free. Put that in context: at the maximum deposit you earn roughly ₹49 lakh in interest — and you keep allof it. A fixed deposit paying the same rate would hand a chunk of that to tax every year at your slab. That's why SSY's 8.2% tax-free is really like earning about 11.7% from a taxable deposit for a 30%-slab parent. This calculator makes that comparison explicit.
How the maturity is calculated
Interest compounds annually. Each year you deposit, the contribution is added and the running balance earns the full year's interest; in years 16–21 nothing is added but the balance keeps growing. The maths matches HDFC and India Post exactly — deposit the maximum ₹1,50,000 a year at 8.2% and you reach about ₹71,82,119 on ₹22,50,000 invested. Smaller amounts scale down proportionally: ₹1,000 a month builds about ₹5.5 lakh, ₹3,000 a month about ₹16.6 lakh, ₹5,000 a month about ₹27.7 lakh. Use the month-or-year toggle above to match how you actually deposit.
Eligibility, limits and withdrawals
An account can be opened only for a girl child below age 10, with a maximum of two accounts per family (three in the case of twins or triplets). You must deposit at least ₹250 a year to keep it active and no more than ₹1,50,000 a year. The lock-in is real — this is money for her, not for you: you can withdraw up to 50% of the balance once she turns 18, typically for higher education, and the account can be closed for her marriage after 18. Otherwise it runs the full 21 years. Enter her current age above to see exactly when each milestone falls.
SSY vs PPF vs an equity SIP
For a girl-child goal, SSY is hard to beat on a risk-free basis: 8.2% tax-free, government-guaranteed. Our PPF is the close cousin — also EEE, but 7.1% and open to everyone. If your horizon is long (your daughter is very young) and you can tolerate market swings, a disciplined equity SIP has historically returned more, though without the guarantee or the tax-free status. Many parents blend them: SSY for the secure core, a SIP for the growth kicker. Model each here and decide with real numbers, not rules of thumb.
Worked example: ₹1,50,000 a year at 8.2%
The growth. Deposit the maximum ₹1,50,000 every year for 15 years at 8.2%. You put in ₹22,50,000 of your own money, and by maturity at year 21 it has compounded to about ₹71,82,119 — roughly ₹49,32,119of interest. That figure matches HDFC's and India Post's calculators to the rupee, because the formula is the official one.
The tax-free edge.Here's what makes it powerful: you keep every paisa of that ₹49.3 lakh interest. A fixed deposit paying 8.2% would tax the interest at your slab — for a 30%-bracket parent that's lakhs lost over the years. Plus, each ₹1.5 lakh deposit saves about ₹46,800 in tax under Section 80C (old regime) — roughly ₹7 lakhof tax saved across the 15 deposit years. Effectively, SSY's 8.2% behaves like an 11.7% taxable return.
The takeaway.If your daughter is, say, 5 today, this account matures when she's 26 — with a 50% withdrawal available at 18 for college. Even half the maximum deposit builds a serious corpus. Run your actual monthly amount and her age above, then compare it against a tax-free PPF to see which fits your plan.
Frequently asked questions
How much will I get after 21 years in Sukanya Samriddhi Yojana?
It depends on how much you deposit each year. At the current 8.2% rate, the maximum ₹1,50,000 a year for 15 years grows to about ₹71,82,119 at maturity (21 years) — you deposit ₹22,50,000 and earn ₹49,32,119 in tax-free interest, a figure that matches HDFC and India Post exactly. Deposit ₹12,500 a month (also ₹1.5 lakh a year) and it's about ₹69.3 lakh. The last six years (16–21) earn interest with no fresh deposit, which is why the corpus keeps growing after you stop paying in.
What is ₹1,000 per month in Sukanya Samriddhi Yojana?
Depositing ₹1,000 a month (₹12,000 a year) into SSY at 8.2% grows to roughly ₹5,54,612 at maturity — you put in ₹1,80,000 over 15 years and earn about ₹3,74,612 in interest, all tax-free. Because the scheme matures 21 years after opening, your money keeps compounding for six years after your last deposit. The exact figure shifts a little with the quarterly rate and your deposit dates; enter ₹1,000 monthly above for your number.
What is ₹3,000 per month in Sukanya Samriddhi Yojana?
₹3,000 a month (₹36,000 a year) at 8.2% builds to about ₹16,63,835 at maturity — ₹5,40,000 deposited over 15 years and roughly ₹11,23,835 of tax-free interest. That's a popular amount because it's affordable and still creates a substantial education-and-marriage fund by the time your daughter turns 21. Scale it up: ₹5,000 a month grows to about ₹27,73,059.
Is Sukanya Samriddhi Yojana interest taxable?
No — SSY is one of the few truly tax-free (EEE) investments in India. Your deposits (up to ₹1.5 lakh a year) are deductible under Section 80C in the old tax regime, the annual interest is exempt, and the entire maturity amount is tax-free. That's a big edge over a fixed deposit, where every rupee of interest is taxed at your slab — on a ₹49 lakh interest figure, a 30%-slab investor would lose lakhs to tax in an FD but nothing in SSY. Note: the 80C deduction is not available under the new tax regime.
What is the current Sukanya Samriddhi Yojana interest rate?
The SSY interest rate is 8.2% per annum for the July–September 2026 quarter, unchanged from the previous quarter — the highest among India's small-savings schemes, ahead of PPF's 7.1%. The government reviews and notifies small-savings rates every quarter (April, July, October, January), so the rate can change; once set, it applies to the interest credited for that quarter. Always confirm the latest rate at nsiindia.gov.in or your post office/bank before depositing.
Sukanya Samriddhi Yojana or PPF — which is better?
If you have a daughter under 10, SSY usually wins on returns: it pays 8.2% versus PPF's 7.1%, and both are equally tax-free (EEE) with the same ₹1.5 lakh annual limit and 80C benefit. The trade-offs are flexibility and eligibility — PPF is open to anyone and matures in 15 years (extendable), while SSY is only for a girl child, locks money until she's 18 (50% then) or 21 (full), and you can deposit only for the first 15 years. Many parents use SSY for the girl-child goal and PPF for general long-term savings. Compare your numbers in our PPF calculator.
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