SSY Calculator — Sukanya Samriddhi Yojana Maturity Calculator
Calculate your Sukanya Samriddhi Yojana maturity amount instantly. Enter your annual deposit and daughter\'s age to get total corpus at 21 years, 50% partial withdrawal at age 18, and Section 80C tax savings — backed by the current 8.2% p.a. SSY interest rate.
This SSY calculator uses annual compounding on year-end balances, consistent with the methodology used by India Post and authorised banks. The 8.2% interest rate reflects the Q1 FY 2024-25 rate announced by the Ministry of Finance. SSY scheme rules including deposit tenure, withdrawal conditions, and premature closure norms have been verified against the RBI and India Post official circulars. Last editorial review: June 2026.
Sukanya Samriddhi Yojana Calculator — Plan Your Daughter\'s Financial Future
Sukanya Samriddhi Yojana (SSY) is one of India\'s highest-yielding government-backed savings schemes, designed exclusively to secure the financial future of girl children. Launched under the Beti Bachao Beti Padhao initiative in 2015, SSY currently offers 8.2% p.a. (Q1 FY 2024-25) — significantly higher than most bank FDs, PPF (7.1%), and RDs. With its EEE tax status, guaranteed government backing, and long investment horizon, SSY is the cornerstone savings instrument for any parent planning their daughter\'s education or marriage corpus.
This BankZop SSY calculator gives you the complete maturity picture instantly: total corpus at the end of 21 years, annual deposit breakdown, interest earned over the full term, partial withdrawal amount available at age 18, and your Section 80C tax savings at the 30% bracket. All calculations are verified against the official SSY formula.
How SSY Interest Is Calculated
SSY uses annual compounding. Interest is calculated on the minimum balance between the 5th and the last day of each calendar month, then credited to the account at the end of every financial year (March 31). The standard formula applied by this calculator:
Example: ₹50,000/year at 8.2% for 15 deposit years + 6 interest-only years = Total Maturity: ₹23,94,040. Total deposited = ₹7,50,000. Interest earned = ₹16,44,040. Your money grows to 3.19× the amount deposited.
SSY Maturity Calculator — Reference Table at 8.2% p.a.
| Annual Deposit | Total Deposited | Interest Earned | Maturity Amount | Growth Multiple |
|---|---|---|---|---|
| ₹10,000 | ₹1,50,000 | ₹3,28,808 | ₹4,78,808 | 3.19× |
| ₹25,000 | ₹3,75,000 | ₹8,22,020 | ₹11,97,020 | 3.19× |
| ₹50,000 | ₹7,50,000 | ₹16,44,040 | ₹23,94,040 | 3.19× |
| ₹1,00,000 | ₹15,00,000 | ₹32,88,079 | ₹47,88,079 | 3.19× |
| ₹1,50,000 (max) | ₹22,50,000 | ₹49,32,119 | ₹71,82,119 | 3.19× |
All figures based on 8.2% p.a. compounded annually. Maturity at end of 21 years from account opening. Deposits for first 15 years only.
SSY vs PPF vs FD — Which Gives the Best Returns?
| Instrument | Rate (FY 2024-25) | Tax Status | Tenure | Who Can Invest |
|---|---|---|---|---|
| SSY | 8.2% p.a. | EEE ✅ | 21 years | Girl child under 10 only |
| PPF | 7.1% p.a. | EEE ✅ | 15 years (+5yr extensions) | Any individual |
| 5-Year FD (SBI) | 6.5%–7.5% p.a. | Taxable interest | 5 years | Any individual |
| NSC | 7.7% p.a. | Interest taxable | 5 years | Any individual |
| Senior Citizen Savings | 8.2% p.a. | Interest taxable | 5 years | 60+ only |
SSY Partial Withdrawal Rules — 50% at Age 18
Once your daughter turns 18 (or passes Class 10, whichever is earlier), you can withdraw up to 50% of the balance at the end of the previous financial year. This withdrawal can only be used for the girl\'s higher education or marriage. Only one partial withdrawal is allowed, and it can be taken as a lump sum or in up to five annual instalments. Use the withdrawal amount shown above to plan your daughter\'s college funding in advance.
Section 80C Tax Savings on SSY
Annual contributions to SSY qualify for Section 80C deduction up to ₹1.5 lakh per year. At the 30% tax bracket, a maximum contribution of ₹1,50,000/year saves ₹46,800 in tax annually (including 4% cess) — ₹7.02 lakh over the 15-year deposit period. At the 20% bracket, the saving is ₹4.68 lakh over 15 years. This tax benefit is in addition to the high interest rate, making SSY the most tax-efficient savings instrument for a girl child\'s future.
Compare SSY with Other Long-Term Savings Calculators
- PPF Calculator — 7.1% p.a. EEE, open to all, 15-year tenure. Good complement to SSY.
- EPF Calculator — 8.25% p.a. for salaried employees, employer-matched contributions.
- NPS Calculator — Market-linked returns, additional 80CCD(1B) deduction of ₹50,000.
- SIP Calculator — Equity MF returns (12%+ potential) for higher-risk, higher-reward goals.
- FD Calculator — Taxable interest, best for short-term goals or emergency funds.
How to Open an SSY Account
An SSY account can be opened at any post office or authorized bank branch (SBI, HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, PNB, and others). Documents required: girl child\'s birth certificate, guardian\'s Aadhaar and PAN card, address proof, and a passport-size photograph. Minimum opening deposit: ₹250. The account number is issued immediately and can be managed online through India Post or your bank\'s net banking portal. From FY 2023-24, SSY accounts can be linked to the parent\'s Aadhaar for seamless e-KYC.
SSY interest rate sourced from Ministry of Finance Q1 FY 2024-25 notification. Scheme rules verified against India Post and RBI circulars. Last reviewed Jun 2026 by BankZop Financial Editorial Team.