Sukanya Samriddhi Yojana Calculator

It depends on how much you put in each year, for how long, and the interest rate. At the current rate of 8.2% a year, depositing the maximum ₹1,50,000 every year for fifteen years gives about ₹69,32,648 when the account matures after twenty-one years — about ₹69.33 lakh — of which ₹22,50,000 is your own money and ₹46,82,648 is interest. That is roughly 3.08 times what you put in. Deposit ₹50,000 a year instead and you get about ₹23,10,883. The calculator above works out your own figure as you type, and shows the full year-by-year table so you can see the balance grow.

No, and this is the single most common misunderstanding about the scheme. The account matures twenty-one years after the date the account was OPENED — not on your daughter’s twenty-first birthday. So if you open the account when she is five, it matures when she is twenty-six. Open it in her first year and it matures at about twenty-one. Open it at nine, the last year you are allowed to, and she will be thirty when it pays out. Deposits stop after fifteen years in every case, so an account opened at nine takes deposits until she is twenty-four and then simply earns interest for six more years. The table above shows this for each opening age. If you want the money to arrive nearer her twenty-first birthday, the only lever is opening the account earlier.

Yearly, if you can — and by more than most people expect. Interest is worked out on the lowest balance between the close of the fifth day of the month and the end of the month, then credited once a year. So money deposited on or before the 5th of April earns interest for all twelve months, while the same amount split into twelve monthly instalments earns interest for an average of about six and a half months in its first year. On the maximum ₹1,50,000 a year, depositing as one lump sum early in April instead of monthly is worth about ₹2,49,471 more at maturity — on exactly the same ₹22,50,000 invested. The calculator lets you switch between the two so you can see the gap on your own numbers. If a lump sum is not realistic, deposit as early in each month as you can, and always before the 5th.

8.2% a year, compounded annually, for the July–September 2026 quarter. Along with the Senior Citizen Savings Scheme this is the highest rate among the small savings schemes, and it has stayed at 8.2% since 1 January 2024. The important thing to understand is that the rate is not fixed for the life of your account: the government reviews the small savings rates every quarter and can change them, and the new rate then applies to your whole balance, not just to fresh deposits. That means no calculator can tell you your exact maturity amount twenty-one years ahead — including this one. Treat the figure as a projection at a constant rate, which is why the rate box above is editable: try a lower rate to see how sensitive your result is.

The minimum is ₹250 in a financial year and the maximum is ₹1,50,000, in multiples of ₹100, and the maximum is a limit per account per financial year rather than per depositor. If you deposit less than the minimum in a year the account is treated as in default; you can revive it by paying the ₹250 minimum for each defaulted year plus a small penalty per year of default. A defaulted account still earns interest on the balance in it. Anything paid in above the ₹1,50,000 annual ceiling does not earn interest and can be withdrawn by the depositor at any time, so there is no benefit to overpaying.

A parent or legal guardian can open one account for a girl child at any time from her birth until she turns ten. A family may open a maximum of two accounts — one for each of two girls — with an exception allowing a third where twins or triplets are born, supported by the relevant certificate. Accounts are opened at any post office or at a branch of an authorised commercial bank. The account is in the girl’s name; the guardian operates it until she turns eighteen, after which she may operate it herself.

Only in specific situations. Once your daughter turns eighteen, or has passed the tenth standard, you may withdraw up to fifty per cent of the balance standing at the end of the previous financial year, for her higher education, against proof of admission or a fee bill. Premature closure is allowed after she turns eighteen if she is getting married — the request must be made in the month before the marriage or within three months after it. Closure is also permitted on the death of the account holder, or, at the discretion of the authorities, in cases of genuine hardship such as life-threatening illness. Otherwise the balance stays until the twenty-one-year maturity. Note that a fifty per cent withdrawal at eighteen materially reduces the maturity figure this calculator shows, because the withdrawn amount stops compounding.

It has what is usually described as exempt-exempt-exempt treatment: deposits qualify for deduction under section 80C up to the overall ₹1.5 lakh limit, the interest that accrues each year is exempt, and the maturity amount is exempt. Two caveats are worth stating. The 80C deduction is shared with everything else in that basket — provident fund, life insurance premiums, ELSS, home-loan principal — so if those already fill your ₹1.5 lakh, an SSY deposit adds no further deduction. And section 80C is only available if you file under the old tax regime; there is no such deduction under the new regime, though the interest and maturity remain exempt either way. Tax rules change more often than the scheme rules do, so confirm the current position for your own return.

Almost always because of deposit timing. Many published SSY calculators quietly assume you deposit monthly; some assume one lump sum at the start of the year, which produces a figure a few per cent higher on identical money. Both are correct arithmetic for different deposit dates, and the gap is real money rather than a rounding difference — around ₹2,49,471 at the maximum deposit. This calculator makes the assumption explicit and lets you switch between the two, so you can match whichever convention you are comparing against. The remaining differences are usually a different interest rate, or a calculator that compounds monthly instead of annually — the scheme compounds annually.

No. The calculator runs on your own device — the arithmetic happens in the page itself, so your deposit amounts and your daughter’s age never leave your device, are never uploaded, stored or logged, and are not visible to us. Once the page has loaded you can even switch off your connection and it will keep working.