SSY Calculator — Sukanya Samriddhi Yojana, Estimated
Enter a deposit, how often you will make it, and an interest rate to estimate how a Sukanya Samriddhi Yojana-style savings plan could grow — now using the scheme’s own interest rule.
Your savings plan
Advanced options
Scheme rules applied by this tool (Sukanya Samriddhi Account Scheme, 2019): deposits in a financial year must total at least ₹250 and at most ₹1,50,000 (shown here in $ at the same numbers), in multiples of ₹50; deposits run for 15 years and the account matures at 21 years.
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Your estimate
Watch it grow
Your balance at the end of each year — deposits stop, but compounding keeps going.
- You deposit for up to 15 years — between ₹250 and ₹1,50,000 in any financial year — and the account matures 21 years after it is opened.
- After deposits stop, compounding keeps growing the balance until maturity.
- Interest here follows the scheme’s monthly minimum-balance rule; the estimate holds your rate constant, while the real SSY is rupee-denominated and its rate is revised every quarter.
Enter a deposit, deposit years, and interest rate to estimate how a Sukanya Samriddhi Yojana-style savings plan could grow. Interest follows the scheme’s official monthly minimum-balance rule — all amounts in dollars.
Keep exploring
Three companion tools for steady saving.
How it works
Three steps from a yearly deposit to a maturity estimate.
Set your deposit
Type how much you would put in, in dollars, and how often — yearly, half-yearly, quarterly or monthly. Depositing by the 5th of a month earns that month’s interest.
Pick years and rate
Defaults mirror the real SSY: deposits for 15 years, maturity at 21, and the notified rate of 8.2% for Oct–Dec 2026.
Read the estimate
See the estimated maturity value, total deposits, and the interest doing the heavy lifting.
The math behind your estimate
Interest is worked out exactly as the Sukanya Samriddhi Account Scheme, 2019 prescribes (para 5) — on monthly balances, not with a once-a-year shortcut:
For every calendar month, interest is charged on the lowest balance in the account between the close of the 5th day and the end of the month, at the entered annual rate divided by 12, and the whole year’s interest is credited on 31 March. A deposit counts from the month it lands only when it is in by the 5th — that is why the deposit-timing choice in Advanced options matters. Until deposits stop, each one then compounds for the rest of the 21-year term.
Worked examples:
| Plan | Total deposited | Estimated maturity |
|---|---|---|
| $1,000/yr, 15 yrs, 8.2%, 21-yr term | $15,000.00 | $44,252.12 |
| $2,000/yr, 15 yrs, 8.2%, 21-yr term | $30,000.00 | $88,504.24 |
| $1,000/yr, 15 yrs, 7.0%, 21-yr term | $15,000.00 | $37,711.89 |
| $1,000/yr, 10 yrs, 8.2%, 21-yr term | $10,000.00 | $34,801.03 |
Withdrawal for education, and the rate history
The scheme lets you take out part of the balance for her higher education — check the exact limit here — and it pays a rate the government resets every quarter.
Education withdrawal — para 8
Once she has turned 18 or passed 10th standard, whichever is earlier, up to 50% of the balance at the end of the preceding financial year can be withdrawn for her education — as one lump sum or in up to five yearly instalments, and only up to the actual fee shown on the admission offer or fee slip.
50% of the $20,000.00 balance at the end of the preceding financial year. Payable as one lump sum or in up to five yearly instalments, and only up to the actual fee on the admission offer or fee slip.
Two other early exits exist, and this tool does not model either: the account may be closed before 21 years for her marriage once she is 18 (para 9), and premature closure is allowed on extreme compassionate grounds — such as medical support for a life-threatening disease, or the death of the guardian — but not within the first five years (para 7).
SSY interest rate history
The rate is notified by the Ministry of Finance for each quarter. It has stood at 8.2% since 1 January 2024.
| Period | Rate (% per year) |
|---|---|
| 22 Jan 2015 – 31 Mar 2015 | 9.1% |
| 1 Apr 2015 – 31 Mar 2016 | 9.2% |
| 1 Apr 2016 – 30 Sep 2016 | 8.6% |
| 1 Oct 2016 – 31 Mar 2017 | 8.5% |
| 1 Apr 2017 – 30 Jun 2017 | 8.4% |
| 1 Jul 2017 – 31 Dec 2017 | 8.3% |
| 1 Jan 2018 – 30 Sep 2018 | 8.1% |
| 1 Oct 2018 – 30 Jun 2019 | 8.5% |
| 1 Jul 2019 – 31 Mar 2020 | 8.4% |
| 1 Apr 2020 – 31 Mar 2023 | 7.6% |
| 1 Apr 2023 – 31 Dec 2023 | 8.0% |
| 1 Jan 2024 – present | 8.2% |
Sources: Sukanya Samriddhi Account Scheme, 2019 (G.S.R. 914(E)) and Ministry of Finance / DEA quarterly rate notifications, with the National Savings Institute rate history; the Oct–Dec 2026 rate is confirmed by the DEA office memorandum dated 30 Sep 2026. Checked October 2026.
Go deeper
The details that separate a rough guess from a trustworthy number.
In the worked example above, only $15,000 of the $44,252.12 comes from deposits — the other $29,252.12 is interest. Two forces do the work:
- Time: the earliest deposits compound for the longest (up to 20 years), so starting early beats depositing more later.
- Rate: dropping the rate from 8.2% to 7.0% cuts the estimate by about $6,540 — small rate changes compound into big differences.
- Deposit years: 10 deposit years instead of 15 still leaves $34,801.03, because the money keeps compounding for the full 21-year term.
This tool models an SSY-style plan in dollars, using the scheme’s own deposit limits and interest rule. The real Sukanya Samriddhi Yojana still differs in important ways:
- Currency: the real scheme is denominated in India’s local currency; this tool works in dollars.
- Deposit rules: this tool enforces the scheme’s ₹250 minimum and ₹1,50,000 maximum per financial year; the real scheme also charges a ₹50-per-year penalty to regularise a defaulted account, which the tool does not model.
- Interest crediting: the tool now applies the scheme’s monthly minimum-balance rule (para 5 of the Scheme) — but it holds one rate for the whole term, while the real rate can change every quarter.
- Rate revisions: the government revises the SSY rate every quarter — 8.2% is the notified rate for Oct–Dec 2026, not a guarantee.
- Withdrawals: the checker above works out the education limit; the main projection does not deduct withdrawals, so it still shows the no-withdrawal path.
Use this for planning conversations, and the official scheme documents for real decisions.
The scheme rules: deposits, term, and withdrawals
The Sukanya Samriddhi Yojana is a deposit scheme under the Government of India, opened by a parent or legal guardian for a girl child below the age of ten, with one account per girl and a maximum of two accounts per family (three where the second birth produces twins or triplets). Deposits run from a minimum of ₹250 a year to a maximum of ₹1.5 lakh a financial year, in any number of instalments, and must be made for 15 years from the opening of the account. The account matures 21 years from opening, or on the girl’s marriage after she turns 18, whichever is earlier. Interest is credited annually, compounds annually, and is tax-free, as are the maturity proceeds; deposits qualify for deduction under Section 80C of the Income-tax Act under the old regime.
Two withdrawal provisions matter for planning. Partial withdrawal of up to 50% of the balance at the end of the preceding financial year is permitted for the girl’s higher education once she turns 18 (or has passed the tenth standard), in one instalment per year for up to five years. Premature closure is permitted only in defined circumstances — the death of the account holder, or, on compassionate grounds with documentary evidence, life-threatening illness of the account holder or the death of the guardian — and otherwise the account runs to maturity. An account with no deposit in a financial year becomes dormant and can be revived by paying a penalty of ₹50 a year plus the minimum deposit for each default year. The account is opened at a post office or an authorised bank branch, and the passbook is the operative record.
The rate: how it is set, and what it has been
The SSY interest rate is set by the Government of India each quarter, as part of the small savings schemes, and it has been 8.2% per annum since 1 April 2024 — unchanged through the October to December 2026 quarter, notified on 30 September 2026. The rate is reviewed quarterly and can move in either direction; it is not fixed for the life of the account. The 8.2% figure is the highest in the scheme’s history, and it exceeds the Public Provident Fund rate (7.1%) and the National Savings Certificate rate, which is why the scheme is the highest-yielding small savings instrument currently available. But the rate is a policy decision, reviewed every three months, and a projection that assumes 8.2% for 21 years assumes 84 consecutive quarterly decisions all landing at the same figure — a strong assumption that should be stated, not hidden, in any long projection.
For planning, run the projection at the current rate and at a lower rate — 7.5% and 7.0% are reasonable sensitivities — and treat the range as the honest answer. The calculator on this page uses the rate entered, defaulting to the current 8.2%, and the companion article shows the maturity figures at 8.2% with the sensitivity stated. If the rate falls, the maturity value falls with it, but the tax-free status and the sovereign backing do not change, and the scheme’s position as the highest-yielding small savings option has held across several rate cycles. Check the current rate each quarter at the Department of Economic Affairs notifications or the post office, and update the projection when it moves.
Frequently asked questions
Quick answers about this SSY-style estimate.
What is the Sukanya Samriddhi Yojana?
It is an Indian government savings scheme for a girl child, opened before she turns 10. Deposits are made for up to 15 years, and the account matures 21 years after opening, with interest revised by the government from time to time.
How does this estimate work?
Deposits land on the schedule you choose — yearly, half-yearly, quarterly or monthly — and interest follows the scheme’s own rule: each month it is charged on the lowest balance between the close of the 5th and the month-end, and the year’s interest is credited on 31 March. For $1,000/yr over 15 years at 8.2% with a 21-year term, the estimate is $44,252.12.
Why is this only an estimate?
The tool applies the scheme’s deposit limits and its monthly minimum-balance interest rule, but it holds the rate you enter constant for the whole term, while the real rate is reset every quarter. The real scheme also works in rupees and charges a penalty for defaulted years. Treat the result as a planning estimate, not an account statement.
Is SSY interest taxable?
In India, SSY enjoys EEE status — deposits qualify for deduction, interest is tax-free, and maturity is tax-free under current rules. Tax rules change, so verify the current position before acting; this tool gives no tax advice.
Can I withdraw from SSY before maturity?
Yes — for higher education, up to 50% of the balance at the end of the preceding financial year, once she turns 18 or has passed 10th standard, whichever is earlier; premature closure is allowed only in specific hardship cases, and for her marriage after 18. The withdrawal checker on this page works out the limit — the main projection still assumes every deposit stays invested to maturity.
What happens if I miss a deposit year?
The real scheme can levy a penalty and may treat the account as defaulted. This tool simply models fewer deposit years — try lowering the “deposit years” input to see the effect of missing years on the estimate.
What is the SSY interest rate now?
8.2% per annum, in force since 1 April 2024 and unchanged through the October–December 2026 quarter (notified 30 September 2026). The rate is reviewed quarterly by the Government of India and can change; projections should show the sensitivity to a lower rate.
How much can I deposit in SSY per year?
A minimum of ₹250 and a maximum of ₹1.5 lakh per financial year, in any number of instalments, for 15 years from opening. The account matures after 21 years. Deposits qualify for Section 80C deduction under the old tax regime, and interest and maturity proceeds are tax-free.
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Disclaimer
This calculator provides estimates for information only — not financial advice. It applies the Sukanya Samriddhi Account Scheme’s deposit limits (₹250 to ₹1,50,000 per financial year), its monthly minimum-balance interest rule and its education-withdrawal ceiling at the single rate you enter. The real scheme is an Indian government program denominated in rupees: its rate is revised every quarter, defaulted years attract a penalty, and premature closure is restricted — none of which a projection can capture. All amounts here are shown in dollars as a display unit. Consult the official scheme documents or a qualified advisor before making savings decisions.