SSY Calculator India - Sukanya Samriddhi Yojana Maturity Amount

How the SSY Calculator Works - and What the Numbers Mean

Sukanya Samriddhi Yojana is India's most powerful government-backed girl child savings scheme, launched in 2015 under the Beti Bachao Beti Padhao initiative. It works on a simple but powerful structure: you deposit money for 15 years, and the account matures at 21 years from opening, building a guaranteed, tax-free corpus for your daughter's higher education or marriage. The key insight most parents miss is the interest-only compounding phase - for 6 years after you stop depositing (years 16 to 21), the accumulated corpus continues to earn 8.2% compounded annually. This silent compounding phase often adds more interest than the first few years of deposits, making SSY one of the best long-term wealth creation instruments in India for girl children. To understand how compounding stacks up against inflation over a 21-year horizon, use our Real Return Calculator.

The SSY interest calculation follows this logic: each year, the balance at the start of that year earns 8.2% annual compounding. Deposits made during the year are also eligible for that year's interest. Our calculator applies this correctly - the same method used by India Post and all authorised bank branches offering SSY accounts. This is distinct from monthly compounding schemes - SSY compounds annually, and understanding this matters for accurate projections.

SSY vs PPF vs FD - Which Gives the Best Return?

Bottom line: SSY is the highest guaranteed return EEE instrument in India. For a parent saving specifically for a daughter's higher education and marriage, SSY beats PPF on rate (8.2% vs 7.1%) with the same complete tax exemption. The only trade-off is the longer 21-year lock-in - which is actually an advantage if you open it early, as it matures exactly when the daughter is ready for college or marriage. To see how much Section 80C deduction SSY saves you each year, check our Income Tax Calculator.

How Much Will ₹50,000/Year Grow in SSY? - Daughter Education & Marriage Fund Reference

At maximum deposit of ₹1.5 lakh/year, SSY can build a corpus close to ₹85 lakhs - completely tax-free. Compare this to a taxable FD at 7% which, after 30% tax, gives an effective return of ~4.9%, generating a much smaller corpus with full tax liability on the interest. See exactly why FDs lose to inflation over long horizons in our guide: Why FDs Fail Inflation. Want to run SSY returns alongside a parallel equity investment for your daughter? Compare using our SIP Calculator. To see how SSY corpus holds up against inflation over 21 years, use our Inflation Calculator. Planning your own retirement alongside your daughter's fund? Try our Retirement Planner or FIRE Calculator.

SSY Rules, Partial Withdrawal and Premature Closure - All Scenarios

SSY is a small savings scheme governed by the Sukanya Samriddhi Account Rules, 2016, and regulated by the Ministry of Finance. Understanding the rules prevents costly mistakes - especially around the partial withdrawal at age 18, which is a unique feature no other small savings scheme offers, and which makes SSY a powerful two-stage tool: first building a higher education fund at 18, then delivering the full marriage and financial security corpus at 21.

Partial Withdrawal at Age 18 - For Education

Once the girl child turns 18 (or passes Class X, whichever is later), you can withdraw up to 50% of the balance at the end of the previous financial year. This is specifically for higher education expenses - college admission fees, hostel charges, etc. You need to submit proof of admission or fee demand letter. This withdrawal does not affect the remaining balance, which continues to earn 8.2% until maturity at 21.

Account Opening Requirements

• Girl child must be below 10 years of age at time of opening
• Documents: Girl's birth certificate, guardian's Aadhaar, guardian's PAN, address proof
• Minimum initial deposit: ₹250
• Maximum 2 accounts per family (one per girl child); exception for twins/triplets
• Available at all post offices and authorised bank branches across India
• SSY pairs well with NPS and EPF - together they cover your daughter's future, your retirement, and your employer's provident fund in one tax-efficient stack

Frequently Asked Questions