Sukanya Samriddhi Yojana Calculator Online in India 2026

What is the Sukanya Samriddhi Yojana account?

The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched under the Beti Bachao, Beti Padhao initiative.

The SSY aims to encourage savings for the education and marriage of girl children in India. Parents or legal guardians of a girl child below the age of 10 can open an SSY account.
A minimum deposit of ₹250 and a maximum deposit of ₹1.5 lakh can be made annually.
The scheme comes with attractive interest rates, which are compounded annually. It provides tax benefits under Section 80C of the Income Tax Act.**
One of the main advantages of the SSY account is its long-term wealth creation potential. It has a lock-in period of 21 years from the date of account opening. Thus, it instils financial discipline among parents and ensures a dedicated fund for their daughter’s future.
The account can be opened in post offices or authorised banks across the country.
Contributions can be made for 15 years, after which the account continues to earn interest until maturity.

A Sukanya Samriddhi Yojana account is not only a safe savings instrument but also a secure way to plan for your daughter’s important life goals, like higher education, marriage, and career advancements, without financial stress. Using an SSY calculator can make this planning more efficient by showing you the estimated returns from a particular investment amount.

How Does The SSY Calculator Work?

The Sukanya Samriddhi calculator works on a simple principle: it considers your annual contributions, tenure, and the prevailing interest rate to estimate maturity value. Based on this information, it applies the principle of compounding interest. The formula generally used is:

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

Here,

1. P is the yearly contribution

2. r is the applicable interest rate

3. n is the number of times the interest is compounded in a year

4. t is the total investment period

5. A is the maturity amount.

The Sukanya Samriddhi Yojana interest rate calculator removes the need to carry out manual calculations with this formula.

All you need to do is:

1. Input the annual contribution amount.

2. Enter the age of your daughter.

3. Enter the year you are beginning the investment.

The SSY calculator applies the government-notified interest rate and then arrives at the maturity amount.

Input Required

Annual Contribution - The amount deposited each year (₹250–₹1.5 lakh)

Age of the Girl Child-Should be below 10 years at account opening

Interest Rate-Government-declared, compounded annually

Investment Period-Contributions for 15 years; maturity in 21 years

The SSY calculator is a quick way to visualise the outcome of your investment plan.

SSY Eligibility

Understanding SSY

Tax Benefits

Who is eligible for a Sukanya Samriddhi Yojana Account?

Answer: Parents and guardians of a girl child below the age of 10 years can open an account under the Sukanya Samriddhi Yojana. An SSY account can ensure long-term savings exclusively for her benefit.

What is the minimum amount required to open an SSY account?

Answer: The minimum amount required to start an SSY account is ₹250. The low threshold ensures families from all economic backgrounds can invest in the financial security of their girl child.

How many accounts can be created under SSY?

Answer: A family can open up to two SSY accounts, one for each girl child. Exceptions apply in cases of twins or triplets, where more than two accounts may be permitted under specific scheme guidelines. A Sukanya Samriddhi Yojana scheme calculator can help you decide on the contributions for each account and plan more effectively.

What happens when I do not make any deposits?

Answer: If deposits are not made in a financial year, the SSY account becomes inactive. The account can be reactivated by paying a small penalty along with the minimum required deposit. A Sukanya Samriddhi Yojana calculator can help you get an idea of a cost-effective deposit amount which you can afford for the long term, so that chances of missing a contribution are also reduced.

What is the maximum amount that I can deposit in a year?

Answer: The maximum amount that can be deposited in an SSY account is ₹1.5 lakh annually. Contributions can be made in a lump sum or in instalments. Tax deductions are available under Section 80C against this contribution.

What is the maturity period of an SSY account?

Answer: The SSY account matures after 21 years from the date of opening, irrespective of the girl’s age at that time. Deposits, however, are required only for the first 15 years. After that, the balance continues to earn interest until maturity.

Can an accountholder prematurely withdraw from an SSY account?

Answer: Premature withdrawals from an SSY account are allowed under specific conditions, mainly for higher education or the marriage of the girl child after she turns 18. In such cases, up to 50% of the balance from the previous financial year can be withdrawn. It ensures that parents or guardians can meet essential financial needs while still retaining the long-term security and benefits of the scheme for their daughter’s future.

Can an SSY account be closed before maturity?

Answer: An SSY account can be closed before its maturity under exceptional circumstances, such as the demise of the girl child or the account holder, or if the guardian faces severe financial difficulties. Closure is also permitted for other reasons; however, in that case, the interest earned on the account will be at a lower rate.

What is the interest rate of Sukanya Samriddhi Yojana?

Answer: The Sukanya Samriddhi Yojana currently offers an interest rate of 8.2% per annum, which is compounded annually. The rate is reviewed quarterly by the government. When you use the Sukanya Yojana calculator, the tool automatically considers the latest interest rate to give you an updated and accurate result.

Does a Sukanya Samriddhi Yojana account provide income tax benefits?**

Answer: Yes, contributions to SSY qualify for tax deductions under Section 80C, with both interest earned and maturity proceeds being tax-free.

Can I claim a deduction if I invest in the Sukanya Samriddhi Yojana? **

Answer

Yes, investments in SSY are eligible for deductions under Section 80C of the Income Tax Act. You can claim a maximum of ₹1.5 lakh, subject to terms and conditions, and the overall cap of Section 80C deductions.

** Tax exemptions are as per applicable tax laws from time to time.

Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Calculator

What is the Sukanya Samriddhi Yojana account?

What is the Sukanya Samriddhi Yojana Calculator?

Who Can Use This Calculator?

Parents and Guardians of a Girl Child

Families with Up to Two Girl Children

Taxpayers Looking for Exemptions**

How Can an SSY Calculator Help You?

Accurate Forecasting

Shows the Power of Compounding

Goal-based Planning

Tax Savings**

Allows for Comparison

How Does The SSY Calculator Work?

Tax Benefit Calculation of Sukanya Samriddhi Yojana**

How to Use IndiaFirst Life's SSY Calculator Online?

How Can I Use The Corpus Accumulated from SSY Contributions?

Higher Education

Marriage Expenses

Starting a New Investment Plan

Financial Independence

Protection

Greater Rewards for Staying Invested

FAQs

SSY Eligibility

Understanding SSY

Tax Benefits

Who is eligible for a Sukanya Samriddhi Yojana Account?

What is the minimum amount required to open an SSY account?

How many accounts can be created under SSY?

What happens when I do not make any deposits?

What is the maximum amount that I can deposit in a year?

What is the maturity period of an SSY account?

Can an accountholder prematurely withdraw from an SSY account?

Can an SSY account be closed before maturity?

What is the interest rate of Sukanya Samriddhi Yojana?

Does a Sukanya Samriddhi Yojana account provide income tax benefits?**

Can I claim a deduction if I invest in the Sukanya Samriddhi Yojana? **

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