SSY Calculator (Sukanya Samriddhi Yojana)
Calculate 100% tax-free maturity wealth, government-backed 8.2% annual compounding, and higher education corpus for your daughter in India.
At age 23 (21-year maturity from account opening)
*SSY interest is notified quarterly by the Ministry of Finance and is fully tax-exempt.
Important Educational Disclaimer for Calculator Results:
Calculations are estimates based on your entered inputs and selected return or inflation assumptions. Results are illustrative, hypothetical, and not guaranteed. Actual market returns, interest rates, tax liabilities, and inflation rates will vary and may materially alter your final outcome. This calculator does not constitute financial, investment, or tax advice.
What will SSY create for your daughter's future?
Depositing ₹1,50,000 annually for 15 years (total deposit of ₹22,50,000) at the current sovereign rate of 8.2% p.a. accumulates ₹49,32,119 in interest, delivering a guaranteed tax-free maturity amount of ₹71,82,119 when your daughter turns 23 years old.
- Highest Sovereign Small Savings Rate: Currently 8.2% p.a. (higher than PPF, FD, and NSC).
- Triple Tax Freedom (EEE): Deposit deductible u/s 80C, annual interest is 100% tax-free, and final maturity withdrawal is completely exempt from income tax.
- You only deposit for the first 15 years; the account continues compounding untouched for the remaining 6 years until full 21-year maturity.
How This Calculator Works
Deposits are made for 15 years from account opening. The balance then compounds for an additional 6 years until the account matures at 21 years from creation.
SSY Maturity = 15 Years of Annual Deposits + 21 Years of Compounded Interest at 8.2% p.a.Variables in Formula:
Worked Step-by-Step Example
You open an SSY account for a 1-year-old daughter and invest the maximum ₹1,50,000 every year for 15 years at 8.2% p.a.
Key takeaway: A total deposit of ₹22.5 Lakhs triples into nearly ₹70 Lakhs of guaranteed, 100% tax-free wealth for higher education or marriage.
Common Mistakes to Avoid
⚠ Missing the 10-year age limit
SSY accounts can ONLY be opened for girl children up to 10 years of age. Once a child turns 10, eligibility is permanently lost.
⚠ Opening more than one account per child
Only 1 SSY account is allowed per girl child (max 2 per family, or 3 in case of twin/triplet girls).
Frequently Asked Questions
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