Home/ Calculators/ Sukanya Samriddhi Calculator
Sukanya Samriddhi Calculator
Maturity value of an SSY account — deposits for 15 years, maturity at 21.
Runs in your browser Nothing is uploaded Free, no sign-up
Result
—
Sukanya Samriddhi Yojana pays one of the highest guaranteed rates available in India and is tax-free at every stage.
How the timeline works
Deposits run for 15 years from opening. The account then continues to earn interest without further deposits until it matures 21 years after opening. Those last six years of untouched compounding account for a large share of the final figure.
Eligibility
An account can be opened before the girl turns ten, for at most two girls in a family — three where the second birth is twins. Minimum ₹250 a year, maximum ₹1.5 lakh, which also qualifies for 80C under the old regime.
Withdrawal
Half the balance can be withdrawn for higher education once she turns 18. The account closes on marriage after 18. Keeping it to maturity is almost always the better outcome given the rate.
Frequently asked questions
Who can open a Sukanya Samriddhi account?
A parent or guardian, for a girl below ten years of age, at a post office or authorised bank. A maximum of two accounts per family, or three where the second birth produces twins.
How long do I have to deposit?
For 15 years from opening. The account then continues to earn interest without further deposits until it matures 21 years after opening — those final six years of untouched compounding add a large share of the maturity value.
Is the maturity amount taxable?
No. SSY is exempt at all three stages, and deposits qualify for 80C under the old regime. The minimum deposit is ₹250 a year and the maximum ₹1.5 lakh.
Can I withdraw early?
Up to half the balance can be withdrawn for higher education once the girl turns 18. The account closes on her marriage after 18. Premature closure otherwise is allowed only in limited circumstances.