Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana (SSY) is a Government of India small-savings scheme launched under the "Beti Bachao Beti Padhao" initiative. A parent or legal guardian can open the account for a girl child up to the age of 10, deposit between ₹250 and ₹1.5 lakh per year for 15 years, and receive a tax-free lumpsum 21 years after the account was opened.

People often confuse the 15-year deposit window with the 21-year maturity. They're separate:

• Deposit window: the first 15 years from account opening. You can deposit ₹250-₹1,50,000 per financial year during this period.
• Compounding-only phase: years 16-21. No new deposits, but the existing balance keeps earning interest at the prevailing SSY rate.
• Maturity: 21 years from the date of opening - the full corpus is paid out then.

So if you open the account when your daughter is 5, deposits stop when she's 20, and the corpus is paid out when she's 26.

• Section 80C: deposits up to ₹1.5 lakh per year are deductible under the old tax regime.
• Interest: fully tax-free year-on-year.
• Maturity: the entire lumpsum is tax-free.

That EEE status - combined with the highest small-savings rate currently on offer - is what makes SSY hard to beat for parents specifically saving for a daughter's future.

From the year your daughter turns 18 (or passes Class 10, whichever is earlier), up to 50% of the previous year's closing balance can be withdrawn for higher education. Premature closure of the entire account is permitted at 18 if the girl is getting married, and in narrow other situations (death, terminal illness, extreme hardship - case-by-case with the post office).

• You deposit the same amount every year for the full 15-year window.
• The SSY rate stays at 8.2% for the full 21-year horizon. The Government of India revises it quarterly in practice.
• Deposits are treated as made at the start of each financial year (annuity-due), so they earn a full year of interest in their deposit year.
• The maturity figure shown is tax-free under current rules.