About the Sukanya Samriddhi Calculator
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for a girl child, offering attractive, tax-free interest. Deposits are made for 15 years and the account matures after 21 years. This calculator estimates the maturity value from your yearly deposit and the interest rate.
How SSY works
You can open an SSY account for a girl child under 10, deposit between ₹250 and ₹1.5 lakh a year for 15 years, and the balance keeps earning interest until the account matures at 21 years (or on marriage after 18). Interest is compounded annually and is tax-free, with deposits eligible under Section 80C.
Sukanya Samriddhi Calculator — frequently asked questions
What is the SSY interest rate?
The government sets the SSY rate each quarter. Use the slider to model the current rate; interest is compounded annually and is tax-free.
How long do I deposit in SSY?
Deposits are made for 15 years from opening; the account then continues to earn interest and matures 21 years from opening.
Is SSY tax-free?
Yes — SSY has EEE status: deposits qualify under Section 80C, and both the interest and maturity amount are tax-free.