Calculate SSY maturity amount at 8.2% p.a. interest. Fully tax-free (EEE), 80C deduction, 21-year maturity from account opening. Best government scheme for girl child education and marriage.
8.2% p.a. (Q1 FY26)EEE Tax Status21-Year Maturity₹250 Min Deposit
👧 SSY Calculator
SSY account can be opened for a girl child up to age 10. Deposits can be made for 15 years from account opening. Account matures after 21 years. Interest continues to accrue even without deposits (years 16-21).
Account Details
Annual Deposit Amount ₹250 min, ₹1.5L max
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Girl's Current Age account must be opened before age 10
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SSY Interest Rate current rate Q1 FY2026-27 is 8.2%
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SSY — Frequently Asked Questions
What is Sukanya Samriddhi Yojana?+
SSY is a government savings scheme for the girl child launched under 'Beti Bachao Beti Padhao' initiative. Key features: (1) Can be opened at any post office or authorised bank, (2) For girls below age 10, (3) Deposits for 15 years, matures at 21 years, (4) Current interest rate: 8.2% p.a. (compounded annually), (5) EEE tax status — deposit, interest, and maturity all tax-free, (6) 80C deduction on deposits up to ₹1.5L/year.
Can I withdraw from SSY before 21 years?+
Partial withdrawal (up to 50%) is allowed after the girl turns 18 for higher education. Full premature closure is allowed: (1) After girl turns 18 for marriage (with 1 month notice), (2) On death of account holder, (3) Extreme compassionate grounds with penalty (reduced interest). No withdrawals allowed in the first 5 years.
What happens if I miss the annual minimum deposit?+
If you don't deposit the minimum ₹250 in a year, the account becomes "defaulted." To revive it, you must pay ₹50 penalty for each year of default plus the arrear minimum deposit. The account continues earning interest even when defaulted, and can be revived any time before maturity.
How many SSY accounts can a family open?+
A family can open a maximum of 2 SSY accounts — one for each of up to two girl children. A third account is permitted only in the case of twins/triplets born in the second delivery (or first, if the first delivery itself resulted in twins/triplets and no prior single-birth girl child exists). Only one account is allowed per girl child, even if opened at different banks or post offices.
How does SSY compare to PPF for a girl child's future?+
SSY currently pays a higher rate (8.2%) than PPF (7.1%), and both offer the same EEE tax status. However, SSY is restricted to girl children under 10 and matures at 21 years (with deposits required only for the first 15), while PPF has no such restriction and a shorter 15-year tenure extendable in 5-year blocks. For a girl child's education or marriage corpus specifically, SSY's higher rate makes it the stronger default choice.
Can the SSY account be transferred between banks or post offices?+
Yes, SSY accounts are freely transferable across India — between different post offices, different banks, or from a post office to a bank and vice versa — free of charge, typically by submitting a transfer request with the passbook and KYC documents at the new branch. This is useful if the family relocates to a different city.
Sukanya Samriddhi Yojana Calculator 2026 — How SSY Works
Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme designed specifically to build a corpus for a girl child's higher education and marriage, offering the highest interest rate among all government-guaranteed small savings instruments alongside full EEE (Exempt-Exempt-Exempt) tax treatment.
Worked Example: ₹1.5 Lakh/Year from Age 5
If you open an account for a 5-year-old girl and deposit the maximum ₹1.5 lakh every year for 15 years (total invested: ₹22.5 lakh) at the current 8.2% p.a. compounded annually, the account continues earning interest for 6 more years without further deposits until it matures when she turns 26. The final maturity corpus works out to roughly ₹75-80 lakh — more than 3x the amount actually deposited, entirely tax-free at withdrawal.
SSY vs Other Girl-Child-Friendly Options
SSY
PPF
Equity SIP
Current rate
8.2% (govt-set, revised quarterly)
7.1% (govt-set, revised quarterly)
Market-linked, ~12% historical avg
Risk
Zero (govt-backed)
Zero (govt-backed)
Market risk
Tax treatment
EEE (fully tax-free)
EEE (fully tax-free)
LTCG 12.5% above ₹1.25L
Lock-in
21 years from opening
15 years (extendable)
None, but best for 7+ yr goals
For a purely safe, government-guaranteed corpus earmarked for a daughter's future, SSY's combination of the highest small-savings rate and full tax exemption makes it hard to beat — the tradeoff is the long, fixed lock-in and the restriction to one girl child under age 10 per account.