What is a SSY Calculator?
Sukanya Samriddhi Yojana is a government scheme for the education and marriage expenses of a girl child, opened any time before she turns 10. Deposits can be made for the first 15 years from account opening; after that, the balance continues earning interest with no further deposits required, until the account matures 21 years after opening (or on the girl’s marriage after age 18, if earlier).
It carries one of the highest interest rates among small savings schemes, compounded annually, and the deposit, interest and maturity amount are all tax-exempt (EEE status) up to the permitted yearly limit.
How the maturity value is calculated
Because deposits stop at year 15 but interest keeps compounding to year 21, a large share of the final maturity value in the later years comes purely from interest on interest, not fresh deposits.
Frequently asked questions
What is the current SSY interest rate?
The rate is notified at 8.2% per annum for Q2 FY 2026-27 (July–September 2026), among the highest of the government small savings schemes, compounded annually.
What is the maximum yearly deposit?
₹1,50,000 per financial year, which is also the ceiling for the Section 80C deduction — the same combined 80C limit shared with PPF, EPF and other eligible instruments.
What if I stop depositing before 15 years?
The account can be regularised by paying a small penalty along with the minimum deposit due for each missed year; if left irregular, it still earns interest but may not get the full benefit of the scheme.