Sukanya Samriddhi Calculator 2026
Sukanya Samriddhi Calculator
| Year | Deposit | Closing balance |
|---|
🌸 Government Scheme • 8.2% p.a. (Q2 FY2026-27, unchanged since January 2024)
Find out exactly how much your daughter’s SSY account will be worth at maturity. Free, instant, and accurate — based on the official 8.2% interest rate declared by the Ministry of Finance for July–September 2026.
Sukanya Samriddhi Yojana — Complete Guide 2026
The Sukanya Samriddhi Yojana (SSY) is one of India’s best-paying small savings schemes. The Government of India launched it on 22 January 2015 under the Beti Bachao Beti Padhao campaign, and it remains reserved for the girl child. It currently pays 8.2% per annum for Q2 FY2026-27, with full tax exemption at every stage.
💡 Triple Tax Benefit (EEE Status) SSY carries Exempt-Exempt-Exempt status: your deposits qualify for a deduction of up to ₹1.5 lakh a year under Section 123 of the Income Tax Act, 2025 (the provision earlier known as Section 80C — same limit, new section number effective 1 April 2026), the interest you earn is fully tax-free, and the maturity amount is completely exempt.
Important: the deposit deduction is available only if you file under the old tax regime. If you’ve opted for the new regime, you keep the tax-free interest and tax-free maturity, but you lose the deduction on fresh deposits. For FY 2025-26 (the current year, assessed as AY 2026-27), this exemption still runs under the old Income Tax Act, 1961’s Section 10(11A) — the renumbering to the Income Tax Act, 2025’s consolidated exemption framework applies only from FY 2026-27 onward.
How the SSY Calculator Works
SSY interest compounds annually on the closing balance at the end of each financial year.
// SSY Maturity Calculation — Annual Compounding
For each deposit year (Year 1 to Year 15):
Balance(n) = [Balance(n-1) + Deposit] × (1 + Rate)
For non-deposit years (Year 16 to Year 21):
Balance(n) = Balance(n-1) × (1 + Rate)
Where:
Rate = 0.082 (8.2% per annum, Q2 FY2026-27)
Deposit = Annual contribution (max ₹1,50,000)
Period = 21 years total from account opening
In practice, interest is calculated monthly on the lowest balance between the 5th and the last day of the month, then compounded and credited once a year — so a deposit made before the 5th of April earns interest for the whole year, while a late deposit loses that first month.
Key Rules You Must Know
- Eligibility: Open only for a girl child below 10 years of age, opened by a parent or legal guardian. The girl must be an Indian citizen and resident in India, and must remain so until maturity or closure.
- Accounts per family: Maximum 2 SSY accounts per family — one per girl child — with an exception allowing a 3rd account in the case of twins or triplets in a second birth.
- Minimum deposit: ₹250 per financial year. Miss it, and the account turns “irregular,” attracting a ₹50/year penalty (on top of the ₹250) to reactivate.
- Maximum deposit: ₹1,50,000 per financial year. Anything above this is returned without interest.
- Deposit period: 15 years from account opening. Interest keeps accruing for the full 21 years even after deposits stop.
- Maturity: 21 years from opening, or on the girl’s marriage after she turns 18 — whichever comes first.
- Partial withdrawal: Up to 50% of the previous financial year’s closing balance, once the girl turns 18 or has passed Class 10 (whichever is earlier) — for higher education or marriage expenses.
- Premature closure: Permitted anytime — with no minimum holding period — on death of the account holder, a life-threatening illness of the account holder, or on compassionate grounds such as the death of the guardian. Marriage-related closure is a separate provision (see below).
- Marriage closure: Permitted from one month before to three months after the wedding, once the girl is 18, with proof of age and marriage.
⚠️ Interest Rate Is Reviewed Quarterly The Ministry of Finance reviews SSY rates every quarter. The current 8.2% rate has held steady since Q4 FY2023-24 (January–March 2024) — eleven straight quarters, most recently reconfirmed on 30 June 2026 for the July–September 2026 quarter. Your actual maturity amount can differ if the rate moves at any point over the 21-year tenure.
Worked Example — ₹1,50,000 Annual Deposit
Say you open a Sukanya Samriddhi account when your daughter turns 1, and deposit the maximum ₹1,50,000 every year for 15 years at 8.2% p.a.
| What You Put In | What You Get Back | Wealth Created |
|---|---|---|
| ₹1,50,000/year × 15 years = ₹22,50,000 | ≈ ₹71.82 Lakh at 8.2% p.a. after 21 years | 3.19× your money — Interest: ≈ ₹49.32 lakh |
SSY vs Other Tax-Saving Instruments (2026)
| Instrument | Interest Rate | Tax on Interest | Lock-in | For Whom |
|---|---|---|---|---|
| Sukanya Samriddhi (SSY) | 8.2% p.a. | Fully Tax-Free | 21 years | Girl child below 10 yrs |
| Public Provident Fund (PPF) | 7.1% p.a. | Fully Tax-Free | 15 years | Any individual |
| NSC (5-Year) | 7.7% p.a. | Taxable | 5 years | Any individual |
| SCSS (Senior Citizens) | 8.2% p.a. | Taxable (TDS above ₹1 lakh/year) | 5 years | 60+ years only |
| ELSS Mutual Funds | Market-linked (~12–15%) | LTCG 12.5% above ₹1.25L | 3 years | Any individual |
Rates as notified for Q2 FY2026-27 (July–September 2026). Small savings rates are set quarterly by the Ministry of Finance and can change. The ₹1 lakh SCSS/senior-citizen TDS threshold reflects the Budget 2025 increase (from ₹50,000), effective FY 2025-26 onward.
5 Tips to Maximise Your SSY Returns
- Open at birth, or as early as possible. Every extra year of compounding matters — opening at birth instead of age 5 can mean a ₹15–20 lakh difference at maturity, at the maximum deposit level.
- Deposit before April 5 each year. Interest is calculated on the lowest balance between the 5th and the last day of the month, so an early-April deposit earns interest for the whole month.
- Aim for the full ₹1,50,000. Even if it’s a stretch, the Section 123 tax saving (up to ₹46,800 a year in the 30% bracket, old regime) helps fund part of the deposit itself.
- Use a post office or an authorised bank. SSY can be opened at any post office or one of the RBI-authorised banks — stick to a recognised institution.
- Plan the 50% withdrawal at 18 in advance. You can withdraw up to half the previous year’s balance once your daughter turns 18 or passes Class 10, whichever is earlier. Time your education-funding plans around this milestone.
📌 NRI Girls: What Changes SSY is available only to a resident Indian girl child, and this must hold true from account opening until maturity. An NRI cannot open a new SSY account. If the account holder becomes a non-resident Indian after the account was opened, the account is treated as closed from the date of that change in status and stops earning interest immediately — it does not continue at a reduced rate. The guardian is required to inform the bank or post office of the change. If you’re unsure of your daughter’s current residency status for SSY purposes, confirm directly with your account-holding branch before making further deposits.