Sukanya Samriddhi Yojana Calculator 2026

What is Sukanya Samriddhi Yojana (SSY)?

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme targeted at the parents or legal guardians of girl children. Launched by the Prime Minister in 2015 as part of the 'Beti Bachao, Beti Padhao' (Save the Girl Child, Educate the Girl Child) campaign, the scheme encourages parents to build a dedicated fund for the future education and marriage expenses of their female child.

It remains one of the safest and most attractive fixed-income investment options in India, offering sovereign guarantees, an exceptionally high interest rate, and a comprehensive triple-tax exemption (EEE variant) on the investment.

Current SSY Interest Rate (2026)

The interest rate for the Sukanya Samriddhi Account is periodically reviewed and set by the Ministry of Finance, Government of India, typically acting on a quarterly basis.

Unlike mutual funds or equity investments, SSY provides an assured return that avoids market volatility. The interest is calculated on the lowest balance in the account between the 5th and the end of each month. Thus, for maximum benefit, deposits should ideally be made before the 5th of the month.

Eligibility to Open an SSY Account

• Age Limit: The girl child must be under the age of 10 years at the time of opening the account. A grace period of 1 year is allowed for girls born between December 2, 2003, and December 1, 2004.
• Depositor: The account can only be opened by the biological parents or legal guardians.
• Nationality: The girl child must be a resident Indian citizen at the time of account opening and must remain so until maturity. Non-Resident Indians (NRIs) cannot open an SSY account.
• Account Limits per Family: Only one SSY account is permitted per girl child. A maximum of two accounts can be opened per family (one for each of two daughters). In exceptional cases of twin or triplet girls born in the second birth, a third account may be permitted.

Deposit Rules & Limits

Tax Benefits (EEE Status)

SSY falls directly under the EEE (Exempt-Exempt-Exempt) tax regime, making it highly tax-efficient:

• Exempt at Investment: The principal amount deposited every year qualifies for deduction up to ₹1.5 lakh under Section 80C of the Income Tax Act.
• Exempt at Accumulation: The interest that accrues and compounds annually over the entire tenure is entirely tax-free. No TDS is deducted.
• Exempt at Maturity: The final maturity corpus, including both the principal and the compounded interest, can be withdrawn entirely tax-free.

Withdrawal & Premature Closure Rules

Because SSY is designated for long-term goals like education and marriage, withdrawal is highly restricted.

• Partial Withdrawal (for Education): Up to 50% of the account balance at the end of the preceding financial year can be withdrawn to cover the higher education expenses of the girl child. This is only permitted once she attains the age of 18 or passes the 10th standard.
• Premature Closure (for Marriage): The account can be prematurely closed if the girl is marrying after turning 18. This must be done between 1 month before the marriage date and 3 months after.
• Extreme Compassionate Grounds: In the tragic event of the death of the account holder, the account is closed and the balance paid to the guardian. Premature closure is also permitted in severe life-threatening medical cases.

How Does the SSY Calculator Work?

Our SSY calculator uses the compound interest formula to estimate the maturity corpus.

A = P(1 + r/n)^(nt)

Where:

• A: Maturity amount
• P: Principal deposited amount
• r: Annual interest rate inside the scheme (8.2%)
• n: Number of compounding periods per year
• t: Total timeframe of investment

The calculation is iterated for exactly 15 years representing actual deposits, while the accrued balance continues gathering compound interest for the subsequent 6 years without any additional deposits, till the scheme matures at year 21.

Frequently Asked Questions