Sukanya Samriddhi Yojana (SSY) calculator
Sukanya Samriddhi is a savings scheme for girls under 10. It pays 8.2% a year, one of the highest small savings rates, and the whole amount is tax-free.
Rules for FY 2026-27 · Checked 24 October 2026
47.88 lakh, tax-free, when she is 23.
- You pay in for 15 years (₹15,00,000 in all); the account earns for 21.
- Your deposits grow 3.19×.
- At 18 she can withdraw up to half of ₹32.29L for higher education.
- Total deposits₹15,00,000
- Interest earned₹32,88,079
Year-by-year table
| Year | Her age | Deposited | Interest | Balance |
|---|---|---|---|---|
| 2026 | 3 | ₹1,00,000 | ₹8,200 | ₹1,08,200 |
| 2027 | 4 | ₹2,00,000 | ₹25,272 | ₹2,25,272 |
| 2028 | 5 | ₹3,00,000 | ₹51,945 | ₹3,51,945 |
| 2029 | 6 | ₹4,00,000 | ₹89,004 | ₹4,89,004 |
| 2030 | 7 | ₹5,00,000 | ₹1,37,303 | ₹6,37,303 |
| 2031 | 8 | ₹6,00,000 | ₹1,97,761 | ₹7,97,761 |
| 2032 | 9 | ₹7,00,000 | ₹2,71,378 | ₹9,71,378 |
| 2033 | 10 | ₹8,00,000 | ₹3,59,231 | ₹11,59,231 |
| 2034 | 11 | ₹9,00,000 | ₹4,62,488 | ₹13,62,488 |
| 2035 | 12 | ₹10,00,000 | ₹5,82,412 | ₹15,82,412 |
| 2036 | 13 | ₹11,00,000 | ₹7,20,369 | ₹18,20,369 |
| 2037 | 14 | ₹12,00,000 | ₹8,77,840 | ₹20,77,840 |
| 2038 | 15 | ₹13,00,000 | ₹10,56,423 | ₹23,56,423 |
| 2039 | 16 | ₹14,00,000 | ₹12,57,849 | ₹26,57,849 |
| 2040 | 17 | ₹15,00,000 | ₹14,83,993 | ₹29,83,993 |
| 2041 | 18 | ₹15,00,000 | ₹17,28,680 | ₹32,28,680 |
| 2042 | 19 | ₹15,00,000 | ₹19,93,432 | ₹34,93,432 |
| 2043 | 20 | ₹15,00,000 | ₹22,79,894 | ₹37,79,894 |
| 2044 | 21 | ₹15,00,000 | ₹25,89,845 | ₹40,89,845 |
| 2045 | 22 | ₹15,00,000 | ₹29,25,212 | ₹44,25,212 |
| 2046 | 23 | ₹15,00,000 | ₹32,88,079 | ₹47,88,079 |
How the account works
- Open it for a daughter under 10 years old, at a post office or bank. Up to two accounts per family (three for twins or triplets).
- Deposit ₹250 to ₹1.5 lakh a year for 15 years from opening.
- The account matures 21 years from opening. For the last 6 years it keeps earning interest with no deposits.
- Up to 50% can be withdrawn after she turns 18, for higher education. The account can also be closed for her marriage after 18.
With ₹1.5 lakh a year at 8.2%, the account matures at about ₹71.8 lakh from ₹22.5 lakh deposited. With ₹1 lakh a year, about ₹47.9 lakh.
Tax benefits
Deposits count for 80C in the old regime. Interest and maturity are tax-free, so the full amount reaches her.
Frequently asked questions
What is the Sukanya Samriddhi interest rate now?
8.2% a year for October to December 2026, compounded yearly. It is reviewed every quarter.
Until what age can I open an SSY account?
Until the girl turns 10.
What happens if I miss a deposit?
The account goes into default. Revive it by paying the ₹250 minimum for each missed year plus ₹50 a year as a penalty.
SSY or PPF for a daughter?
SSY pays more (8.2% against 7.1%) and is meant for her education and marriage. PPF is more flexible. Many parents use both.
Sources: National Savings Institute (small savings rates), India Post