Sukanya Samriddhi Calculator

Calculate maturity amount of Sukanya Samriddhi Yojana account for your daughter's future.

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Enter SSY details above to calculate maturity amount

SSY key rules you must know

Account Opening

Can be opened for a girl child below age 10 (with a relaxation for accounts opened within 1 year of birth). Maximum 2 accounts per family (3 in case of twins/triplets).

Deposit Rules

Minimum ₹250/year, maximum ₹1.5 lakh/year. Deposits are mandatory for the first 15 years from account opening. Interest continues to accrue for remaining 6 years (till maturity at 21).

Partial Withdrawal

After the daughter turns 18, up to 50% of the balance can be withdrawn for higher education expenses. Full maturity at age 21 or on marriage (after age 18).

How SSY interest is calculated

Annual Compounding
Balance(n) = [Balance(n-1) + Deposit] × (1 + r)
Interest is compounded annually and credited on 31st March. The rate is set by the government each quarter. Current rate: 8.2% (2024-25 Q1). Balance after deposit years continues to compound without new deposits.
Tax Treatment (EEE)
Exempt — Exempt — Exempt
SSY enjoys triple tax exemption: Deposits qualify for 80C deduction (up to ₹1.5L), interest earned is tax-free, and maturity amount is completely tax-free.

Frequently asked questions

Can I open an SSY account at the post office?

Yes. SSY accounts can be opened at any post office or authorized bank branches (SBI, HDFC, ICICI, Axis, Bank of Baroda, etc.). You need the girl's birth certificate, parent/guardian identity proof, and address proof.

What happens if I miss a year's deposit?

The account becomes inactive. You can reactivate it by paying the minimum deposit (₹250) plus a penalty of ₹50 per default year. After reactivation, the interest and maturity calculations continue normally.

Can the account be transferred if we move cities?

Yes. SSY accounts are fully transferable between any post office and participating banks across India. The transfer is free of charge.

What is the current SSY interest rate and how often does it change?

The SSY rate is set by the Ministry of Finance each quarter. For Q1 FY2024-25 (April–June 2024), the rate is 8.2% per annum. Historically, rates have ranged from 7.6% to 9.2%. Check the Ministry of Finance notification for the latest rate.

Can I invest more than ₹1.5 lakh for better returns?

No. The maximum deposit per year is ₹1.5 lakh. Any excess amount deposited will not earn interest and will be returned. For amounts beyond ₹1.5L, consider equity mutual funds (via SIP) or PPF for the additional savings.