Use this Sukanya Samriddhi Yojana (SSY) Calculator to estimate how much your daughter’s account could grow by the time it reaches maturity. Simply enter the annual amount you plan to invest and your daughter’s current age, and the calculator will project the total maturity value based on the current SSY interest rate of 8.2% per annum. It also factors in the scheme’s deposit period and maturity rules, helping you understand the potential long-term corpus available when the account completes its tenure.
| Year | Daughter’s Age | Opening Balance | Deposit | Interest Earned | Closing Balance |
|---|
This calculator assumes that the full annual deposit is made at the beginning of each financial year and that interest is compounded annually. Contributions are permitted only for the first 15 years, after which the account continues to earn interest without any further deposits until maturity. Actual returns may vary depending on deposit timing and future revisions to the government-declared interest rate.
What Is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme created exclusively for girl children. Introduced under the Beti Bachao, Beti Padhao initiative, the scheme helps parents and guardians build a long-term financial corpus for their daughter’s future education and marriage expenses. An account can be opened in the name of a girl child before she turns 10 years of age through a post office or an authorised bank.
The Rule That Creates Most of the Growth
Many investors assume that the account matures after the 15-year contribution period, but that is not how SSY works. Deposits are required only for the first 15 years from the account opening date, while the account itself remains active for a total of 21 years.
This creates a six-year period during which no new money is added, yet the entire accumulated balance continues to earn interest. These final years often contribute significantly to the overall maturity value because the account benefits from compounding on a much larger balance. Understanding this feature is important when estimating how much your daughter’s SSY account may be worth at maturity.
How This Calculator Works
Enter your planned annual contribution and your daughter’s current age to generate an estimated maturity projection. The calculator shows the age at which deposits stop, the age at which the account matures, your total contribution, the interest earned over the account’s lifetime, and the projected maturity amount.
You can also view the detailed year-by-year growth schedule to see how the balance builds during both the contribution phase and the interest-only phase after deposits end.
Important SSY Rules You Should Know
An SSY account can be opened only for a girl child below 10 years of age. Only one account is permitted per girl, and a family can generally open accounts for up to two daughters, subject to special provisions applicable in cases such as twins or triplets.
You may deposit a minimum of ₹250 and a maximum of ₹1.5 lakh in a financial year. To maximise interest earnings, deposits should ideally be made before the 5th of the month, as interest is calculated on the lowest balance between the 5th day and the end of each month and is credited annually.
If the minimum annual deposit is not made, the account becomes irregular. However, it can be revived during the contribution period by paying the prescribed penalty along with the required minimum deposit for the defaulted years.
The scheme also allows partial withdrawal of up to 50% of the previous financial year’s balance for higher education purposes after the girl turns 18 years of age or completes Class 10, subject to the applicable rules. Premature closure is also permitted for marriage after the account holder attains 18 years of age and fulfils the prescribed conditions.
SSY vs PPF — Which Is Better for Your Daughter
| Feature | SSY | PPF |
|---|---|---|
| Current Interest Rate | 8.2% p.a. | 7.1% p.a. |
| Who Can Open | Only for a girl child below 10 | Any resident Indian, any age |
| Account Duration | 21 years from opening | 15 years, extendable in 5-year blocks |
| Deposit Period | First 15 years only | Every year until maturity or extension |
| Loan Facility | Not available | Available from year 3 to 6 |
| Tax Treatment | EEE (fully tax-free) | EEE (fully tax-free) |
SSY currently offers a higher rate than PPF and is purpose-built for a daughter’s future, but it is restricted to girls below 10 and gives up flexibility like loans. PPF is open to everyone and allows loans and partial withdrawals earlier in the account’s life. Many families use both together, since each has its own place in a savings plan.
Frequently Asked Questions
Tabassum is a government document researcher and writer with over 5 years of experience exclusively dedicated to tracking and simplifying Central and State Government document processes across India. She has researched and published detailed guides on 100+ government documents and certificates – including Aadhaar Card, PAN Card, Ration Card, Domicile Certificate, and Birth Certificate – covering all states and the Central Government, helping lakhs of Indian citizens successfully complete their paperwork in simple, easy-to-understand language.