Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child, with one of the highest guaranteed rates among small savings schemes and fully tax-free returns. This calculator estimates the maturity amount when your daughter turns 21.
SSY rules
| Rule | Details |
|---|---|
| Who can open | Parent or guardian of a girl under 10; up to two daughters |
| Interest rate | 8.2% a year (October – December 2026) |
| Deposit | ₹250 to ₹1.5 lakh a year |
| Deposit period | 15 years from opening |
| Maturity | 21 years from opening |
| Partial withdrawal | Up to 50% after she turns 18, for education |
| Tax | Deposits qualify for 80C (old regime); interest and maturity tax-free |
How the maturity value is calculated
You deposit for the first 15 years. For the remaining 6 years no deposits are made, but the balance keeps earning interest, which is compounded yearly.
Example: ₹1.5 lakh a year at 8.2%
Total deposited over 15 years: ₹22.5 lakh.
Maturity value at 21 years: about ₹71.8 lakh, of which ₹49.3 lakh is tax-free interest.
The rate is reviewed every quarter, so the final figure will differ. Open the account early to get the full 21 years of growth.
How to use this calculator
- Enter the yearly deposit, up to ₹1,50,000.
- Enter her current age.
FAQs
What is the Sukanya Samriddhi rate?
8.2% for October–December 2026, reviewed every quarter.
Is it tax-free?
Yes. Deposits qualify under 80C in the old regime, and interest and maturity are tax-free.
Sources
- Angel One: small savings rates for October–December 2026
- Indian Bank: Government memorandum on small savings rates, Q3 FY 2026-27
Results are estimates for resident individuals under 60 and aren't tax, legal or financial advice. For your own return, check with a chartered accountant. Spotted a mistake? Tell us.