Sukanya Samriddhi Yojana (SSY) Calculator
Plan your daughter's secure future with our free SSY calculator—estimate maturity value and tax-free interest instantly.
Input Parameters
Calculation Summary
View 21-Year Compounding Breakdown Schedule Click to Expand
| Year | Age | Annual Deposit () | Interest Earned () | Closing Balance () |
|---|
How to Use This Tool
Follow these four simple steps to calculate your child's investment growth.
Enter Investment
Enter the planned annual investment amount (up to 1.5 Lakh).
Set Age & Start Year
Set your daughter's current age (under 10 years) and investment start year.
Review Rate
Review the fixed 8.2% annual rate or adjust as per current government revisions.
Generate Report
Click Calculate to view total tax-free maturity and download the 21-year breakdown.
Frequently Asked Questions
Key information regarding Sukanya Samriddhi Yojana rules and tax benefits.
The maximum deposit permitted in an SSY account is 1.5 lakh per financial year, with a minimum requirement of 250. Deposits beyond 1.5 lakh do not earn interest and are refunded.
Contributions are mandatory for the first 15 years from the date of account opening. From year 16 to 21, the accumulated fund continues to earn compounding interest without any additional deposits required.
Yes, SSY enjoys full Exempt-Exempt-Exempt (EEE) status. The annual investment qualifies for deduction under Section 80C, while both the accrued compound interest and final maturity payout are completely tax-exempt.
Up to 50% partial withdrawal is permitted for higher education once the girl child turns 18 or clears class 10th. Full premature closure is allowed strictly under specific conditions like marriage after 18.
Parents or legal guardians can open an SSY account for a girl child from her birth up to the age of 10 years. A family can open a maximum of two accounts (one for each daughter), with an exception for triplets or twins born in the second birth.
Yes, an SSY account can be seamlessly transferred anywhere across India from one authorized bank or post office to another free of cost upon submitting valid proof of change of residence.
If the minimum amount of 250 is not deposited in a financial year, the account is classified as default. It can be regularized within 15 years by paying a penalty fee of 50 per default year along with the minimum deposit amount.