SSY Calculator India 2026 — Sukanya Samriddhi Yojana Returns
Calculate your Sukanya Samriddhi Yojana maturity amount with yearly breakdown. Enter your daughter's age, yearly deposit, and see complete tax-free returns at the current 8.2% rate.
Calculate SSY Returns
Year-by-Year SSY Growth
| Year | Age | Deposit | Interest Earned | Balance |
|---|
What is Sukanya Samriddhi Yojana (SSY)?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in January 2015 under the Beti Bachao, Beti Padhao campaign. It is designed specifically to encourage parents to save for the future education and marriage expenses of their girl child. The scheme offers one of the highest interest rates among all government small savings schemes and provides complete tax-free returns.
SSY accounts can be opened at any post office or authorized commercial bank. The account is opened in the name of the girl child by the natural or legal guardian. The scheme combines the safety of a government guarantee with attractive returns and full tax benefits under Section 80C.
SSY Interest Calculation
SSY interest is compounded annually and credited at the end of each financial year. The interest is calculated on the lowest balance between the 5th and the end of each month. For maximum benefit, deposits should be made before the 5th of April each year.
SSY Interest Rate History (2014–2026)
The SSY interest rate is reviewed and set quarterly by the Government of India. Here is the complete rate history since the scheme's launch:
| Period | Interest Rate (% p.a.) |
|---|---|
| Apr 2014 – Mar 2015 | 9.10% |
| Apr 2015 – Mar 2016 | 9.20% |
| Apr 2016 – Sep 2016 | 8.60% |
| Oct 2016 – Mar 2017 | 8.50% |
| Apr 2017 – Dec 2017 | 8.40% |
| Jan 2018 – Sep 2018 | 8.10% |
| Oct 2018 – Jun 2019 | 8.50% |
| Jul 2019 – Mar 2020 | 8.40% |
| Apr 2020 – Mar 2023 | 7.60% |
| Apr 2023 – Dec 2023 | 8.00% |
| Jan 2024 – Present (2026) | 8.20% |
SSY Rules & Eligibility 2026
- Who can open: Natural or legal guardian of a girl child below 10 years of age
- Age limit: Girl child must be below 10 years at the time of account opening
- Maximum accounts: Up to 2 accounts for 2 girl children (3rd allowed only for twins as 2nd birth)
- Minimum deposit: ₹250 per financial year
- Maximum deposit: ₹1,50,000 per financial year
- Deposit period: First 15 years from the date of opening
- Maturity: 21 years from the date of opening, or on marriage after age 18
- Partial withdrawal: Up to 50% of balance after the girl turns 18 or passes Class 10
- Premature closure: Allowed after age 18 for marriage (1 month before to 3 months after)
- Default penalty: ₹50 per year of default + minimum ₹250 per defaulted year to revive
- Where to open: Any post office or authorized banks (SBI, PNB, BOB, ICICI, Axis, HDFC, etc.)
- Transfer: Account is freely transferable between post offices and banks across India
SSY Tax Benefits — EEE Status
Sukanya Samriddhi Yojana enjoys the coveted EEE (Exempt-Exempt-Exempt) tax status under the Income Tax Act, making it one of the most tax-efficient savings instruments in India:
Important: Under the new tax regime (from Budget 2025), Section 80C deduction is NOT available. However, the interest earned and maturity amount remain completely tax-free under both old and new regimes.
SSY vs PPF vs FD — Comparison
| Feature | SSY | PPF | Tax-Saver FD |
|---|---|---|---|
| Interest Rate | 8.20% p.a. | 7.10% p.a. | 6.50–7.25% p.a. |
| Tax Status | EEE (fully tax-free) | EEE (fully tax-free) | Interest taxable |
| Lock-in Period | 21 years (maturity) | 15 years | 5 years |
| Section 80C | Yes (up to ₹1.5L) | Yes (up to ₹1.5L) | Yes (up to ₹1.5L) |
| Eligibility | Girl child below 10 | Any Indian resident | Any Indian resident |
| Min Deposit | ₹250/year | ₹500/year | Varies by bank |
| Max Deposit | ₹1,50,000/year | ₹1,50,000/year | ₹1,50,000 (for 80C) |
| Loan Facility | Not available | 3rd to 6th year | Available |
| Partial Withdrawal | After age 18 / Class 10 | From 7th year | Premature closure |
| Risk | Zero (Govt backed) | Zero (Govt backed) | Low (bank risk) |
| Best For | Girl child savings | Long-term safe savings | Short lock-in 80C |
How to Open an SSY Account
Follow these steps to open a Sukanya Samriddhi Yojana account for your daughter:
- Step 1: Visit your nearest post office or authorized bank branch (SBI, PNB, ICICI, HDFC, Axis, BOB, etc.)
- Step 2: Collect and fill the SSY account opening form (Form-1)
- Step 3: Attach the girl child's birth certificate as proof of age
- Step 4: Provide identity and address proof of the guardian (Aadhaar, PAN, Passport, etc.)
- Step 5: Make the initial deposit (minimum ₹250, maximum ₹1,50,000)
- Step 6: Receive the SSY passbook — your account is now active
- Step 7: Link the account to your net banking or mobile app for easy future deposits
Tip: Many banks now allow SSY account opening online through their internet banking portal. Check with your bank for digital account opening.
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Frequently Asked Questions — SSY Calculator
What is the SSY interest rate in 2026?
The current Sukanya Samriddhi Yojana interest rate is 8.2% per annum for Q1 FY 2026-27, compounded annually. This rate has been in effect since January 2024. The Government of India reviews SSY rates every quarter. SSY offers one of the highest rates among all government small savings schemes.
What is the maximum deposit in SSY?
The minimum annual deposit is ₹250 and the maximum is ₹1,50,000 per financial year. You can make deposits in lump sum or multiple instalments. If you fail to deposit the minimum ₹250 in any year, the account becomes irregular and requires a penalty of ₹50 per defaulted year to revive.
Can I open SSY account for 2 daughters?
Yes, a parent or legal guardian can open SSY accounts for a maximum of 2 girl children. In the case of twin girls born as the second birth (or triplets), a third SSY account is also allowed. Each girl child can have only one SSY account across all banks and post offices.
What happens if I miss a year of SSY deposit?
If you miss depositing the minimum ₹250 in any financial year, the SSY account becomes a "default account." To reactivate it, you must pay the minimum deposit (₹250) for each defaulted year, plus a penalty of ₹50 per year of default, along with the current year's minimum deposit. Interest continues to accrue on the existing balance even during default years.
Can both father and grandfather open SSY for the same girl?
No. Only one SSY account can be opened per girl child, and it must be opened by the natural parent or legal guardian. A grandfather can open an SSY account only if he is the court-appointed legal guardian of the girl child. Duplicate accounts are not allowed and will be closed if discovered.
Is SSY better than PPF for girl child?
Yes, for a girl child, SSY is generally the better choice. SSY offers 8.2% interest vs PPF's 7.1%, and both have EEE tax-free status. Over 21 years, the 1.1% difference results in significantly higher maturity. However, PPF is more flexible — it can be opened by anyone, has no age limit, and offers loan and earlier withdrawal facilities. Many families open SSY for daughters and PPF for other savings.
When can I withdraw from SSY account?
Partial withdrawal (up to 50% of the previous year's closing balance) is allowed when the girl attains 18 years of age or has passed Class 10, whichever comes earlier. This is meant for higher education expenses. Full withdrawal is available at maturity (21 years from account opening). Premature closure for marriage is allowed after the girl turns 18.
Is SSY maturity amount taxable?
No. SSY enjoys complete EEE (Exempt-Exempt-Exempt) tax status. The deposits qualify for Section 80C deduction (up to ₹1.5 lakh under the old tax regime), the interest is tax-free, and the maturity amount is 100% tax-free. There is no TDS, no capital gains tax, and no income tax on SSY returns under either the old or new tax regime.
Disclaimer: This calculator provides estimates for educational purposes only. SSY interest rate is subject to quarterly revision by the Government of India. Actual returns may vary based on deposit timing, rate changes during the tenure, and compounding methodology. Priyanka Personal Finance does not sell any financial product. Consult a SEBI-registered advisor before making investment decisions.