Sukanya Samriddhi Yojana Calculator
SSY maturity projection for girl child savings.
Inputs
This calculator applies to India — the rules behind it are Indian tax/regulatory rules, not just the currency, so it isn't shown in other currencies.
This calculator is for general information only and isn't financial advice. Rates, tax rules, and your actual eligibility depend on your specific situation — check with your bank or a qualified advisor before acting on it.
Formula
Balance_y = (Balance_{y−1} + Deposit_y) × (1 + r); Maturity at year 21
Annual deposits (up to 15 years) are added to the balance, which earns government-notified interest compounded yearly. The account matures 21 years from opening — deposits stop after year 15 but interest continues until maturity.
Worked example
Depositing ₹1 lakh per year for 15 years in SSY at 8.2% yields a maturity of roughly ₹46 lakh at year 21 — about ₹15 lakh deposited and ₹31 lakh in interest. The entire maturity is tax-free under EEE status.
Where this can give the wrong answer
- Minimum deposit is ₹250/year and maximum is ₹1.5 lakh/year — the calculator accepts any amount in range but won't warn about policy limits below ₹250.
- Premature closure is allowed after 5 years for the girl's education or marriage, with a penalty on interest — not modelled here.
- SSY interest rates are revised quarterly by the government; the rate you enter is held constant for the projection.
FAQ
- SSY currently offers a slightly higher rate than PPF and matures when the girl turns 21 — well-timed for undergraduate education. PPF is more flexible (any family member, no age restriction). Many parents open both.