Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi maturity at 21 years for a daughter's account.
Inputs
- Deposited₹15,00,000(31%)
- Interest₹32,88,079(69%)
| Year | Deposit | Balance |
|---|---|---|
| 1 | ₹1,00,000 | ₹1,08,200 |
| 2 | ₹1,00,000 | ₹2,25,272 |
| 3 | ₹1,00,000 | ₹3,51,945 |
| 4 | ₹1,00,000 | ₹4,89,004 |
| 5 | ₹1,00,000 | ₹6,37,303 |
- Total deposited
- ₹15,00,000
- Interest earned
- ₹32,88,079
- Deposit years
- 15
- SSY matures 21 years from account opening; deposits allowed for up to 15 years.
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What each Sukanya Samriddhi Yojana input means
- Yearly deposit
- What you deposit each financial year: at least ₹250, at most ₹1,50,000.
- Deposit years
- Years of deposits, up to 15. The account still runs to 21 years; fewer deposit years just means less goes in.
- Interest rate
- The yearly rate, 8.2% since 1 January 2024, reviewed by the government every quarter and held constant here.
Sukanya Samriddhi Yojana formula
Balance_y = (Balance_{y−1} + Deposit_y) × (1 + r) for 15 years of deposits; interest continues to year 21
A Sukanya Samriddhi account is opened for a girl under 10. Deposits are made for 15 years from opening, at least ₹250 and at most ₹1,50,000 a year, and the balance earns the government-set rate, 8.2% since 1 January 2024, compounded once a year. After the deposits stop, the balance keeps earning interest until the account matures 21 years after it was opened. Interest is worked out each month on the lowest balance between the fifth day and the end of the month, and credited at the end of the financial year, so a deposit made by 5 April earns interest for the whole year. The calculator assumes exactly that: it adds each year's deposit at the start, compounds, then carries the balance forward for the remaining six years. Spreading deposits through the year earns a little less.
Sukanya Samriddhi Yojana worked example
Depositing ₹1,00,000 a year for 15 years at 8.2% gives ₹47,88,079 at maturity in year 21: ₹15,00,000 deposited and ₹32,88,079 of interest. The six years after the last deposit add a large share of that interest without any further payments.
More Sukanya Samriddhi Yojana examples
₹50,000 a year for 15 years at 8.2% matures at ₹23,94,040, from ₹7,50,000 deposited.
The maximum, ₹1,50,000 a year, reaches ₹71,82,119 at 21 years from ₹22,50,000 deposited, more than three times what went in.
Even ₹1,000 a month, ₹12,000 a year, adds up: ₹1,80,000 deposited over 15 years becomes ₹5,74,570 by the time she is 21, more than three times the deposits, because interest keeps compounding for six years after the last payment.
Where the Sukanya Samriddhi Yojana calculator can give the wrong answer
- The minimum deposit is ₹250 a year and the maximum ₹1,50,000; a year with no deposit leaves the account in default until it is revived with a penalty.
- Up to half of the balance can be withdrawn for her education once she turns 18 or passes Class 10, and the account can close early on her marriage after 18; neither is modelled.
- The rate is revised quarterly; the projection holds the rate you enter constant for all 21 years.
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Sukanya Samriddhi Yojana reference table
| Yearly deposit | Total deposited | Maturity value |
|---|---|---|
| ₹25,000 | ₹3,75,000 | ₹11,97,020 |
| ₹50,000 | ₹7,50,000 | ₹23,94,040 |
| ₹1,00,000 | ₹15,00,000 | ₹47,88,079 |
| ₹1,50,000 | ₹22,50,000 | ₹71,82,119 |
Sukanya Samriddhi Yojana FAQ
- 8.2% a year, compounded yearly, the rate in force since 1 January 2024. The government reviews it every quarter.
- A parent or legal guardian, for a girl under 10, at a post office or authorised bank. One account per girl, and generally up to two girls per family.
- Sukanya Samriddhi currently pays more, 8.2% against PPF's 7.1%, and matures at 21, in time for higher education. PPF is open to anyone and more flexible. Many parents use both.
- The account goes into default. It can be revived by paying the minimum ₹250 for each missed year plus a ₹50 penalty for each, and it keeps earning interest meanwhile.
- Up to half of the balance at the end of the previous financial year can be withdrawn for her education once she turns 18 or has passed Class 10. The account can be closed early for her marriage after she turns 18, or on compassionate grounds such as serious illness.
- Yes. It can be transferred anywhere in India, between post offices and authorised banks, without losing the interest or the term.
- She does. A parent or guardian operates the account until the girl turns 18; after that she manages it herself, including any withdrawal for her education.
- No. Anything above ₹1,50,000 in a financial year earns no interest and is returned, so spread larger amounts across years instead.
- No. Interest and the maturity payout are tax-free; deposits also qualify for the 80C deduction if you file under the old regime.