Sukanya Samriddhi Yojana (SSY) Calculator
Calculate the maturity value of a Sukanya Samriddhi Yojana account for your girl child with this online SSY calculator.
How is SSY Maturity Value Calculated?
Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child, opened before she turns 10. You can deposit every year for the first 15 years from account opening; the balance then continues to earn interest, compounded annually, until the account matures 21 years after it was opened.
Balancen = (Balancen−1 + Deposit) × (1 + Rate)
For example, depositing ₹50,000 every year for 15 years at 8.2% grows to a maturity value of about ₹23.9 lakh by the time the account matures, of which ₹7.5 lakh is your own investment and the rest is interest earned.
Frequently Asked Questions
When can I withdraw from an SSY account?
Partial withdrawal (up to 50%) is allowed once the girl turns 18 or completes 10th standard, for higher education expenses. The account can also be closed early for her marriage after she turns 18. Otherwise, it matures 21 years after opening.
Is SSY interest taxable?
No. SSY falls under the EEE (Exempt-Exempt-Exempt) tax category — contributions (up to ₹1,50,000 under Section 80C), interest earned, and the maturity amount are all tax-free under current Indian tax law.
How many SSY accounts can a family open?
One account per girl child, up to a maximum of two girl children per family (with an exception for twins or triplets born after the first girl child).
Read more: Section 80C explained: PPF vs ELSS vs SSY