Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana is a long-term, sovereign-backed small savings scheme launched in 2015 by the Government of India under the Beti Bachao, Beti Padhao initiative. It is purpose-built for one financial goal — funding a daughter's higher education and marriage — and is operated through post offices and most authorised bank branches.

The scheme combines three things that are hard to find together elsewhere: a sovereign guarantee, one of the highest rates in any small-savings product, and an EEE tax status where every leg of the journey — deposit, interest, maturity — is tax-exempt.

The calculator is meant for parents and guardians planning long-horizon goals for their daughter — typically aged 0 to 10. You will find it useful if you want to:

• Decide how much to contribute every year to comfortably fund college fees a decade or more from now.
• Compare the corpus you would build at different annual deposit levels — say ₹50,000 vs ₹1,00,000 vs the ₹1,50,000 cap.
• See how the corpus continues to grow during the "silent" years 16 – 21 when no fresh deposits are needed.
• Stress-test what happens if the government revises the interest rate during your tenure.

Sukanya Samriddhi has a few mechanics that are easy to get wrong with back-of-the-envelope math — the 15-year deposit window, the 21-year maturity, annual compounding, and the partial-withdrawal rule at age 18. A calculator removes that friction:

• Instant projections — change the yearly contribution or the assumed rate and the maturity number updates immediately.
• Phase-aware schedule — the year-wise table clearly marks the 15-year deposit phase and the 6-year compound-only tail.
• Milestone visibility — see the balance available at age 18 (when up to 50% can be withdrawn for education) and at maturity.
• Inflation lens— toggle the inflation slider to convert future rupees into today's purchasing power for a more honest comparison.

Behind the dashboard, the calculator applies a yearly compounding loop that mirrors the actual SSY rule book:

• Deposits are credited at the start of each financial year and compound annually at the rate you specify (default 8.2%).
• From year 16 onwards no new deposits are made, but the existing balance keeps earning interest for six more years until maturity.
• If you enable the step-up toggle, the yearly contribution grows by your chosen percentage every year — useful if your income is expected to rise steadily.
• With the inflation toggle on, the calculator also reports the real-world value of the corpus in today's rupees.

1. Enter the yearly amount you plan to deposit (₹250 – ₹1,50,000).
2. Set the daughter's current age and the year you will open the account.
3. Adjust the SSY interest rate if you want to model a different scenario than the current 8.2%.
4. Optionally turn on the annual step-up to grow your contribution year on year, and the inflation toggle to see the real-world value.
5. Review the maturity summary, year-wise schedule and growth chart — then use Copy or Download PDF to save the result.

• No spreadsheet headache — the 21-year schedule is generated for you, complete with phase labelling.
• Goal clarity— convert vague statements like "I'll save for her education" into a concrete rupee figure at a specific future age.
• Scenario testing — compare a ₹50,000 plan against a ₹1,50,000 plan, or model what happens if rates fall to 7%.
• Honest expectations— the inflation toggle shows the corpus in today's purchasing power so you don't over-estimate the impact of nominal growth.

The Sukanya Samriddhi corpus is intentionally locked-in until your daughter is ready for two specific life events:

• Higher education— once she turns 18, you can withdraw up to 50% of the previous year's balance to pay for college admission, tuition, accommodation or related expenses. Documentary proof of admission is required.
• Marriage — the account can be closed prematurely after she turns 18 in connection with her marriage, or otherwise on full maturity at year 21.
• Other major life goals — once paid out, the corpus is fully unrestricted and can be redirected into starting a business, buying a home, or seeding her own investment portfolio.

• The girl child must be an Indian resident at the time of opening and during the entire account tenure.
• She should be below 10 years of age when the account is opened.
• Only one SSY account is permitted per girl child, opened by a parent or legal guardian.
• A family is allowed up to two SSY accounts in total, extendable to three if a second birth resulted in twin or triplet girls.

• The account matures 21 years after the date of opening, regardless of how many contributions were made.
• Premature closure is allowed in case of marriage after the girl turns 18, or under specific compassionate grounds defined by the scheme.
• On maturity, the entire balance — principal plus accumulated interest — is paid out to the account holder (the girl child).

• Contributions of up to ₹1,50,000 per year qualify for deduction under Section 80C of the Income Tax Act.
• The annual interest credited to the account is fully exempt from income tax.
• The maturity amount, including the final lump-sum payout, is tax-free in the hands of the receiver.
• This EEE status puts SSY in the same elite tier as PPF for long-term tax-efficient wealth creation.

Sukanya Samriddhi interest is calculated on the lowest balance between the 5th and the last day of every month and is credited to the account at the end of every financial year. The notified rate is announced quarterly by the Ministry of Finance — whichever rate is in force during a quarter is the one that applies to that quarter's balance.

The calculator simplifies this to annual compounding using the single rate you enter, which is accurate enough for long-range planning but will diverge slightly from your actual passbook entries because of within-year deposit timing and quarterly rate changes.