Sukanya Samriddhi Yojana (SSY) Calculator
Estimate the maturity value of a Sukanya Samriddhi Yojana account. Enter your yearly deposit and the interest rate — deposits run for 15 years and the account matures after 21 years.
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child. A parent or guardian opens the account and deposits between ₹250 and ₹1.5 lakh each year for 15 years. Interest is compounded annually at the rate the government sets each quarter, and the account matures 21 years after opening — so the balance keeps earning interest for six years after the last deposit. This calculator projects the maturity value from your yearly deposit and rate.
How SSY maturity is calculated
Each yearly deposit is added at the start of the year and the whole balance is compounded once a year. Deposits are made in years 1 to 15; in years 16 to 21 no new money goes in but the balance still earns interest until maturity.
deposits in years 1–15, interest compounds through to year 21
| Yearly deposit at 8.2% | Maturity (21 yrs) |
|---|---|
| ₹50,000 / year | ₹23,94,040 |
| ₹1,00,000 / year | ₹47,88,079 |
| ₹1,50,000 / year (max) | ₹71,82,119 |
Worked example
Depositing the maximum ₹1.5 lakh every year for 15 years at 8.2%:
| Total deposited = 1,50,000 × 15 | ₹22,50,000 |
| Maturity value at 21 years | ₹71,82,119 |
| Interest earned | ₹49,32,119 |
Why SSY is popular
SSY offers one of the highest guaranteed rates among small-savings schemes and falls under the EEE tax status — deposits qualify for Section 80C deduction, and both the interest and the maturity amount are tax-free. The long lock-in enforces disciplined, long-term saving for a daughter's education or marriage. The trade-off is limited liquidity: partial withdrawal is only allowed once the girl turns 18, and only up to 50% of the previous year's balance.