SukanyaPlan

India Sukanya Samriddhi Calculator

Deposit yearly for the first 15 years — the account continues earning interest until maturity at year 21.

Yearly deposit

Rs.

Interest rate (% p.a.)

Maturity value (21 years)

Rs. 47,88,079

Deposits are made for the first 15 years only; the account matures at 21 years from opening.

Total deposited (15 years): Rs. 15,00,000
Interest earned: Rs. 32,88,079

What you entered

Yearly deposit: Rs. 1,00,000Interest rate (% p.a.): 8.2%

1
Annual interest rate
r = 8.2%= 8.2%
2
Deposit period
First 15 years= 15 years
3
Maturity period
Account matures at year 21= 21 years
4
Total amount deposited
Rs. 1,00,000.00 × 15= Rs. 15,00,000.00
5
Maturity value
Compound annually for 21 years (deposits only first 15)= Rs. 47,88,079.45
6
Interest earned
Rs. 47,88,079.45 − Rs. 15,00,000.00= Rs. 32,88,079.45

Result

Maturity value (21 years): Rs. 47,88,079

Depositing Rs. 1,00,000/year for 15 years at 8.2% grows to Rs. 47,88,079 at maturity (year 21), earning Rs. 32,88,079 in tax-free interest.

Sukanya Samriddhi maturity at 8.2%, deposits for 15 years

The scheme takes deposits for 15 years but keeps compounding until the account matures at year 21. Each row shows the same yearly deposit at the current 8.2% rate.

Yearly deposit	Total deposited over 15 years	Interest earned	Maturity at year 21
Rs. 12,000	Rs. 1,80,000	Rs. 3,94,570	Rs. 5,74,570
Rs. 25,000	Rs. 3,75,000	Rs. 8,22,020	Rs. 11,97,020
Rs. 50,000	Rs. 7,50,000	Rs. 16,44,040	Rs. 23,94,040
Rs. 1,00,000	Rs. 15,00,000	Rs. 32,88,079	Rs. 47,88,079
Rs. 1,50,000	Rs. 22,50,000	Rs. 49,32,119	Rs. 71,82,119

Interest here is more than double the amount deposited in every row, which is the effect of the six years between the last deposit and maturity when the balance compounds with nothing added. That, plus a rate consistently set above PPF, is what makes the scheme distinctive. It is EEE like PPF - 80C deduction going in, tax-free interest and tax-free maturity - and the annual ceiling is also Rs. 1,50,000. The account can be opened for a girl child under 10, a maximum of two accounts per family, and partial withdrawal is permitted for higher education once she turns 18. The rate is revised quarterly by the government, so a 21-year projection at today's rate is illustrative.

Among the highest small-savings rates

SSY consistently offers one of the highest interest rates among government small-savings schemes — currently 8.2% p.a., higher than PPF (7.1%) and most bank FDs, making it one of the best risk-free long-term options for a girl child's future.

Deposits stop at year 15, growth continues to year 21

You contribute for the first 15 years only, but the account stays open and earns compound interest for 6 more years until the girl turns 21 — those 6 years of compounding without deposits add significantly to the final maturity amount.

Frequently asked questions

How much will ₹1.5 lakh/year in SSY grow?

₹1.5 lakh deposited annually for 15 years at 8.2%: total invested = ₹22.5 lakh, maturity at year 21 = approximately ₹69.3 lakh — over 3× your investment, all tax-free. Those 6 years of interest-only growth after deposits stop add about ₹19 lakh to the corpus.

Who can open a Sukanya Samriddhi account?

A parent or legal guardian can open an SSY account for a girl child aged 0–10 years. Maximum 2 accounts (one per girl child, except twins/triplets). Minimum deposit: ₹250/year. Maximum: ₹1.5 lakh/year (counts toward Section 80C). Account can be opened at any post office or designated bank.

Can I withdraw from SSY before maturity?

Partial withdrawal (up to 50% of balance) is allowed once the girl turns 18, for higher education or marriage. Full premature closure is allowed for marriage after age 18, or in case of life-threatening illness. Otherwise, the account matures when the girl turns 21. Transferring the account between post offices/banks is allowed.