SSY (Sukanya Samriddhi Yojana) Calculator
Estimate SSY maturity and tax-free savings for your daughter.
Use this free SSY calculator to project yearly deposits, interest accrual at the government-notified rate, and maturity value. Review total contributions, EEE tax treatment, and corpus growth for child-focused long-term savings.
Set your plan
Enter deposit and age details to get started.
Account parameters
Mode
Advanced mode adds deposit increase, inflation adjustment, and account opening age.
Account Details
SSY enjoys EEE tax status — deposits qualify under Section 80C, interest is tax-free, and the maturity amount is fully exempt.
Results summary
Estimated maturity amount
₹71,82,119
≈ 71.82 L
Depositing ₹1,50,000 per year at 8.2% interest for 15 years, the account could grow to about ₹71,82,119 by the time your daughter turns 26.
Total deposited
₹22,50,000
≈ 22.50 L
Interest earned
₹49,32,119
≈ 49.32 L
Maturity age
26 years
Deposit period
15 years
Years to maturity
21 years
Interest rate
8.2%
Account Growth
Year-wise breakdown
Deposit and interest schedule
Review the annual deposits, interest earned, and balance growth over the full 21-year account life. Deposits stop after year 15, but the balance continues to earn interest until maturity.
| Year | Age | Deposit | Interest | Cumulative deposit | Balance |
|---|---|---|---|---|---|
| 1 | 6 | ₹1,50,000 | ₹12,300 | ₹1,50,000 | ₹1,62,300 |
| 2 | 7 | ₹1,50,000 | ₹25,609 | ₹3,00,000 | ₹3,37,909 |
| 3 | 8 | ₹1,50,000 | ₹40,009 | ₹4,50,000 | ₹5,27,917 |
| 4 | 9 | ₹1,50,000 | ₹55,589 | ₹6,00,000 | ₹7,33,506 |
| 5 | 10 | ₹1,50,000 | ₹72,448 | ₹7,50,000 | ₹9,55,954 |
| 6 | 11 | ₹1,50,000 | ₹90,688 | ₹9,00,000 | ₹11,96,642 |
| 7 | 12 | ₹1,50,000 | ₹1,10,425 | ₹10,50,000 | ₹14,57,067 |
| 8 | 13 | ₹1,50,000 | ₹1,31,779 | ₹12,00,000 | ₹17,38,846 |
| 9 | 14 | ₹1,50,000 | ₹1,54,885 | ₹13,50,000 | ₹20,43,732 |
| 10 | 15 | ₹1,50,000 | ₹1,79,886 | ₹15,00,000 | ₹23,73,618 |
| 11 | 16 | ₹1,50,000 | ₹2,06,937 | ₹16,50,000 | ₹27,30,554 |
| 12 | 17 | ₹1,50,000 | ₹2,36,205 | ₹18,00,000 | ₹31,16,760 |
| 13 | 18 | ₹1,50,000 | ₹2,67,874 | ₹19,50,000 | ₹35,34,634 |
| 14 | 19 | ₹1,50,000 | ₹3,02,140 | ₹21,00,000 | ₹39,86,774 |
| 15 | 20 | ₹1,50,000 | ₹3,39,215 | ₹22,50,000 | ₹44,75,989 |
| 16 | 21 | — | ₹3,67,031 | ₹22,50,000 | ₹48,43,020 |
| 17 | 22 | — | ₹3,97,128 | ₹22,50,000 | ₹52,40,148 |
| 18 | 23 | — | ₹4,29,692 | ₹22,50,000 | ₹56,69,840 |
| 19 | 24 | — | ₹4,64,927 | ₹22,50,000 | ₹61,34,767 |
| 20 | 25 | — | ₹5,03,051 | ₹22,50,000 | ₹66,37,818 |
| 21 | 26 | — | ₹5,44,301 | ₹22,50,000 | ₹71,82,119 |
Overview
What is an SSY Calculator? How It Works in India
An SSY calculator estimates how a Sukanya Samriddhi Yojana account may grow through yearly deposits and annual compounding under the Government of India scheme. It is useful for parents planning long-term savings for a daughter's education or marriage, with EEE tax treatment and Section 80C benefit.
Key Features of This Calculator
Estimates SSY maturity value from annual contributions.
Shows total deposits and interest earned separately.
Useful for long-horizon child-focused savings planning.
Helps compare SSY with PPF and fixed-income alternatives.
How it works
SSY Maturity Formula Explained for India
The calculator compounds the account balance yearly using the selected interest assumption. Earlier deposits earn interest for longer, which is why contribution discipline matters across the full account term.
SSY Growth Formula
Year-end Balance = (Opening Balance + Annual Deposit) x (1 + Interest Rate)
Yearly deposit
P
Annual contribution
Annual rate
r
SSY interest
Account term
n
21-year maturity
Maturity value
FV
Child corpus
Formula context
Review the formula flow to see how the core inputs combine into the final output.
1. Set the yearly deposit plan
Enter the amount you expect to contribute annually within the permitted SSY limits.
2. Apply scheme-style compounding
The calculator compounds contributions over the account term using the chosen interest assumption.
3. Project maturity and contribution total
The result shows how much came from deposits versus interest accumulation across the scheme life.
Quick guide
SSY Example: ₹1 Lakh/Year for 14 Years
If you deposit ₹1 lakh per year for the 14-year contribution window at the current SSY rate of 8.2%, the account matures to roughly ₹37–39 lakh after 21 years — entirely tax-free under EEE treatment.
Worked example
Yearly deposit
Rs. 1,50,000
Interest rate
8.2%
Deposit years
15 years
Maturity value
Rs. 69.27 lakh
Illustrative buildup
Deposits continue for 15 years, but the SSY account matures after 21 years
Interest keeps compounding on the balance even after deposits stop
Total deposits = Rs. 22.50 lakh over the funding period
Estimated maturity = about Rs. 69.27 lakh
SSY is a goal-linked product. Use it alongside broader family savings planning rather than as a standalone education or marriage strategy.
Tax information
Tax information
SSY is generally considered an exempt-exempt-exempt scheme under current rules, with eligible contributions potentially fitting within the Section 80C limit and maturity typically remaining tax-free.
The yearly deposit amount and deposit discipline matter most because the scheme rewards consistency over a long tenure.
Calculator education
How SSY maturity is estimated
This calculator models Sukanya Samriddhi Yojana deposits over the contribution period and projects the account value up to maturity.
1. Set the yearly deposit plan
Enter the amount you expect to contribute annually within the permitted SSY limits.
2. Apply scheme-style compounding
The calculator compounds contributions over the account term using the chosen interest assumption.
3. Project maturity and contribution total
The result shows how much came from deposits versus interest accumulation across the scheme life.
Tax Information
Tax information
SSY is generally considered an exempt-exempt-exempt scheme under current rules, with eligible contributions potentially fitting within the Section 80C limit and maturity typically remaining tax-free.
Key Drivers
What affects the estimate
The yearly deposit amount and deposit discipline matter most because the scheme rewards consistency over a long tenure.
Planning Note
Good to know
SSY is a goal-linked product. Use it alongside broader family savings planning rather than as a standalone education or marriage strategy.
Use cases
SSY Scenarios: Education, Marriage & Tax Saving in India
SSY is typically used for long-duration child-focused savings in India with guaranteed returns and tax-free maturity.
Higher Education at 18: ₹1.5 Lakh/Year Deposit
Depositing the maximum ₹1.5 lakh/year for 14 years at 8.2% builds roughly ₹55–58 lakh by maturity at age 21. A 50% partial withdrawal is allowed after age 18 for education expenses.
Comparing SSY vs PPF for Daughters
SSY currently offers 8.2% vs PPF's 7.1%, a 1.1% advantage. On ₹1.5 lakh/year, SSY generates ₹10–15 lakh more than PPF over 15–21 years. Both are EEE and qualify for 80C, but SSY has the higher rate.
Starting SSY for a Newborn
If opened at birth with ₹1 lakh/year deposits, the account matures at age 21 with roughly ₹37–39 lakh. This can fund a significant portion of college or post-graduation expenses in India.
FAQ
Frequently Asked What is an SSY Calculator How It Works in India Questions
These FAQs cover SSY deposits, maturity planning, child-focused savings use cases, and the role of annual compounding.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child in India. It offers attractive interest rates and tax benefits, making it a popular choice for parents planning long-term savings for their daughter’s education or marriage.
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