—
Maturity Value
Deposited
Interest Earned
Deposited
—
Interest
—
SSY Rate 8.2% · Tax-Free Returns
Sukanya Samriddhi Calculator
Calculate your daughter's SSY maturity amount instantly. Sukanya Samriddhi Yojana offers 8.2% interest with EEE tax benefits — plan her future with India's best girl child savings scheme.
SSY Growth Over Time
Maturity Amount
—
Total Deposited
—
Total Interest
—
Maturity Age
—
Girl's age at maturity
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in January 2015 under the Beti Bachao Beti Padhao campaign. It is designed to secure the financial future of the girl child by encouraging parents to build a dedicated savings fund. The scheme is operated through post offices and authorized banks across India.
SSY offers one of the highest interest rates among all government small savings schemes, currently at 8.2% per annum (compounded annually). The scheme comes with sovereign guarantee, making it one of the safest investment options for your daughter's education and marriage expenses.
SSY Interest Rate 2026
The Sukanya Samriddhi Yojana interest rate for Q1 2026 is 8.2% per annum, compounded annually. The government reviews this rate every quarter. Over the years, the SSY rate has ranged between 7.6% and 9.2%, consistently remaining higher than PPF and bank fixed deposit rates.
| Period | SSY Interest Rate |
|---|---|
| Q1 2026 (Jan-Mar) | 8.2% |
| Q4 2025 (Oct-Dec) | 8.2% |
| Q1 2025 (Apr-Jun) | 8.2% |
| FY 2023-24 | 8.0% - 8.2% |
SSY Rules & Key Features
- Minimum deposit: Rs 250 per financial year
- Maximum deposit: Rs 1,50,000 per financial year
- Deposit period: First 15 years from account opening
- Maturity: When the girl turns 21 years of age
- Interest: Compounded annually, credited to account
- No deposit after 15 years: Account continues earning interest until maturity
- Partial withdrawal: 50% of balance at age 18 for education
- Premature closure: Allowed after 5 years in special cases or at marriage after age 18
SSY Calculation Formula
Years 1-15: Balance = (Previous Balance + Yearly Deposit) x (1 + r)
Years 16-21: Balance = Previous Balance x (1 + r)
Years 16-21: Balance = Previous Balance x (1 + r)
Where r = annual interest rate (e.g., 0.082 for 8.2%). Deposits are made for 15 years, then the balance compounds without deposits until the girl turns 21.
Tax Benefits — EEE Status
Sukanya Samriddhi Yojana enjoys the coveted EEE (Exempt-Exempt-Exempt) tax status, making it one of the most tax-efficient instruments available:
- Exempt 1 — Deposits: Annual deposits up to Rs 1,50,000 qualify for tax deduction under Section 80C of the Income Tax Act
- Exempt 2 — Interest: All interest earned throughout the tenure is completely tax-free
- Exempt 3 — Maturity: The entire maturity amount is exempt from income tax
This triple exemption means every rupee you invest and earn in SSY stays with you — unlike FDs where interest is taxable, or NPS where partial maturity is taxed.
SSY vs PPF — Which Is Better?
Both SSY and PPF are government-backed EEE schemes, but SSY offers a higher interest rate (8.2% vs 7.1% for PPF in 2026). However, PPF has a 15-year lock-in while SSY locks in until the girl turns 21. Key differences:
- Interest rate: SSY (8.2%) is higher than PPF (7.1%)
- Eligibility: SSY is only for girl children below 10; PPF is available to all Indian residents
- Lock-in: SSY matures at age 21; PPF matures in 15 years (extendable)
- Max deposit: Both have Rs 1.5 lakh annual limit
- Tax benefits: Both enjoy full EEE status
For parents of a girl child, SSY is the better choice due to the higher interest rate. For general long-term savings, PPF offers more flexibility.
SSY Eligibility Criteria
- Account can be opened for a girl child from birth until she turns 10 years old
- Only parents or legal guardians can open the account
- Maximum 2 SSY accounts allowed (one per girl child) — exception for twins/triplets
- The girl child must be an Indian resident
- Account can be opened at any India Post office or authorized bank (SBI, PNB, BOB, ICICI, Axis, etc.)
Frequently Asked Questions
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana is a government-backed savings scheme for the girl child launched under the Beti Bachao Beti Padhao campaign. It offers 8.2% annual interest (2026 rate) with EEE tax benefits. Parents can open an account for their daughter from birth until age 10, with deposits required for 15 years and maturity at age 21.
What is the current SSY interest rate in 2026?
The Sukanya Samriddhi Yojana interest rate for 2026 is 8.2% per annum, compounded annually. This rate is reviewed every quarter by the government. SSY consistently offers one of the highest rates among small savings schemes in India.
What is the minimum and maximum deposit in SSY?
The minimum annual deposit is Rs 250 and the maximum is Rs 1,50,000 per financial year. If the minimum deposit is not made in any year, a penalty of Rs 50 is charged. Deposits must be made for the first 15 years from the date of account opening.
When does an SSY account mature?
An SSY account matures when the girl child turns 21 years old. Deposits are required only for the first 15 years, but the account continues to earn interest at the prevailing rate until maturity. The account can also be closed at the girl's marriage after she turns 18.
What are the tax benefits of SSY?
SSY enjoys EEE (Exempt-Exempt-Exempt) tax status. Deposits up to Rs 1.5 lakh per year qualify for Section 80C deduction, all interest earned is tax-free, and the maturity amount is fully exempt from income tax. This makes SSY one of the most tax-efficient savings instruments available in India.
Can I withdraw from SSY before maturity?
Partial withdrawal of up to 50% of the previous year's balance is allowed once the girl turns 18 years old, primarily for higher education expenses. Premature closure is permitted after 5 years in cases of life-threatening illness or death of the guardian. The account can also be closed for marriage after the girl turns 18.