About the Sukanya Samriddhi Calculator
Our Sukanya Samriddhi Yojana (SSY) Calculator helps you estimate the maturity amount for your daughter's future. SSY is a government-backed small savings scheme for the girl child offering one of the highest interest rates among fixed-income instruments. Deposits are made for 15 years and the account matures 21 years from opening, making it ideal for education and marriage planning.
How the Calculation Works
The mathematical formula used by this calculator is: A = Σ [D × (1 + r)^(21-i)] for deposits in years 1 to 15. SSY uses annual compounding similar to PPF. Deposits are made for the first 15 years, and the account continues to earn interest until maturity at 21 years from account opening. Current SSY interest rate is 8.2% p.a., one of the highest among government schemes.
Key Benefits
- Highest interest rate among government schemes (8.2%)
- Complete tax-free returns (EEE status)
- Secure government-backed investment
- Partial withdrawal for daughter's education at 18
- Encourages long-term savings for girl child
Frequently Asked Questions
What is the SSY interest rate for FY 2026-27?
The Sukanya Samriddhi Yojana (SSY) interest rate for Q1 FY 2026-27 is 8.2% per annum, making it one of the highest interest rates among government small savings schemes. The rate is reviewed quarterly by the Ministry of Finance and has remained steady across recent quarters. Interest is compounded annually and is fully tax-free under EEE status. Use the free Sukanya Samriddhi Calculator on AbacusHand to calculate your exact result instantly.
What is the maximum deposit limit in SSY account?
The maximum deposit in a Sukanya Samriddhi account is ₹1.5 lakh per year per account. The minimum deposit is ₹250 per year. Deposits must be made for the first 15 years from account opening, after which no fresh deposits are required but the account continues earning 8.2% until maturity at 21 years. Investing the maximum ₹1.5 lakh/year can grow to approximately ₹73-75 lakh at maturity. Use the free Sukanya Samriddhi Calculator on AbacusHand to calculate your exact result instantly.
When can you withdraw money from SSY account?
The SSY account matures 21 years from the date of opening (not the girl's age). Partial withdrawal up to 50% of the balance is allowed after the girl turns 18 for higher education or marriage expenses. Full premature closure is allowed on marriage after the girl turns 18. On a ₹1.5 lakh/year investment from birth, the account matures when the daughter is 21+, yielding approximately ₹73 lakh. Use the free Sukanya Samriddhi Calculator on AbacusHand to calculate your exact result instantly.
SSY vs PPF — which is better for a daughter's future?
SSY is better than PPF for a daughter's future due to a higher interest rate (8.2% vs 7.1%), the same EEE tax status, and a shorter deposit period (15 years vs 15 years active contribution in PPF). On ₹1.5 lakh/year, SSY yields approximately ₹73 lakh at maturity vs PPF around ₹65 lakh at 15 years. SSY is account-specific to one girl child; PPF is more flexible. Use the free Sukanya Samriddhi Calculator on AbacusHand to calculate your exact result instantly.
Can NRIs open a Sukanya Samriddhi account in India?
No, NRIs (Non-Resident Indians) cannot open a new Sukanya Samriddhi account. SSY is available only for resident Indian girls below 10 years of age. If a girl becomes an NRI after the account is opened, the account must be closed. The girl must be an Indian resident to maintain an SSY account. Resident Indians can open the account at any post office or authorized bank branch. Use the free Sukanya Samriddhi Calculator on AbacusHand to calculate your exact result instantly.