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👧 Sukanya Samriddhi Yojana Calculator
SSY maturity calculator — girl child savings scheme with 8.2% tax-free returns

Sukanya Samriddhi Yojana: maturity amount (at age 21) grows to ₹56.70 L, based on the entered inputs.

Formula

Maturity Value = Σ, for each contribution year up to 15 years, Annual Deposit compounded annually at the SSY interest rate until the account matures at 21 years from opening

Worked example
InputValue
Annual Deposit₹1,50,000
Child's Current Age3 years
SSY Interest Rate8.2%
Maturity Amount (at age 21)₹56,69,840
Total Amount Deposited (15 years)₹22,50,000
Total Interest Earned₹34,19,840
Withdrawable at Age 18 (50%)₹22,37,995
Account Matures at Age21
Annual 80C Tax Saving (30% slab)₹45,000

How Sukanya Samriddhi Yojana works

SSY is the highest-yielding small-savings scheme in India (~8.2%, fully tax-free) — deliberately so, as the government’s flagship girl-child savings vehicle. You can open an account for a daughter below 10, deposit ₹250 to ₹1.5 lakh a year for the first 15 years, and the account matures 21 years after opening — with the corpus, like PPF, enjoying EEE treatment: deductionAn amount subtracted from income before tax. on deposit (80CA tax deduction of up to ₹1.5 lakh for set investments., old regime), tax-free growth, tax-free maturity.

ExampleOpen at age 3 with the full ₹1.5 lakh/year: you deposit ₹22.5 lakh over 15 years, then the corpus compounds untouched for 6 more — maturing around ₹70-72 lakh, entirely tax-free, when she’s 24. The same money in a taxable 7% FDA bank deposit locked for a fixed term at a fixed rate. would end ~₹20 lakh short for a 30%-bracket parent. Nothing guaranteed in India currently beats SSY’s post-tax rate.
The timeline quirks matter: deposits run for only the first 15 years, but maturity is 21 years from account opening (not the child’s 21st birthday) — so opening early both extends tax-free compoundingEarning returns on your returns — growth that accelerates over time. and finishes the deposit phase sooner. A partial withdrawal (up to 50%) unlocks for higher education after she turns 18, and like PPF, depositing before the 5th of the month (ideally each April) earns the full period’s interest.
Common mistakeSkipping SSY for mutual fundsA pooled investment managed for many investors at once. — or funding only SSY. For a goal 15-20 years out, equityA unit of ownership in a company.’s ~12% expected still beats 8.2% — but SSY’s guarantee is unmatched for the must-happen core of an education goal. The robust plan uses SSY as the guaranteed floor and equityA unit of ownership in a company. SIPs for the growth layer, not either alone.
✓ You learnedSSY = ~8.2% guaranteed, fully tax-free, for a daughter under 10: deposit 15 years, mature at year 21, ₹1.5 lakh/year cap. Open as early as possible, deposit in early April, and pair it with equityA unit of ownership in a company. SIPs — the floor and the engine of the education corpus respectively.
FAQs
What happens if I miss a year’s SSY deposit?

The account becomes “defaulted” but isn’t lost — pay a ₹50 penalty plus the minimum ₹250 for each missed year to regularise it. The minimum to keep it active is just ₹250/year, so even in tight years it’s worth depositing the token amount rather than defaulting.

SSY or PPF for my daughter?

SSY pays ~1 point more (8.2% vs 7.1%) with the same EEE tax treatment — but locks until she’s an adult and can only be opened before age 10, with deposits capped at ₹1.5 lakh/year across both her SSY accounts. Standard order: max SSY first for the girl-child goal, use PPF for your own retirement debt sleeve — they share the 80C bucket but serve different goals.