حاسبة Sukanya Samriddhi Yojana

What is the Sukanya Samriddhi Yojana calculator?

The SSY calculator estimates the maturity amount of a Sukanya Samriddhi Yojana account based on your annual deposit, the girl child's current age, and the prevailing interest rate. Deposits run for 15 years; the account continues to earn interest until the girl turns 21.

Why SSY beats most child plans

8.2% tax-free compares favorably to bank child FDs (~6.5% taxable) and most insurance-linked child plans (effective return 4–6% after costs). ₹1.5 lakh/year for 15 years at 8.2% builds ~₹64 lakh by age 21 — comfortably covers higher education at IITs, IIMs, or top private universities.

SSY combined with mutual fund SIP

Most financial planners suggest splitting child savings: SSY (₹1.5 lakh/year, fixed-rate floor) + equity SIP (~₹10–15k/month, growth engine). The SIP captures higher long-term returns; SSY locks in a guaranteed corpus regardless of market conditions. The combination beats either approach alone for most families.

Opening and managing an SSY account

SSY accounts are opened in the girl's name by a natural or legal guardian at any India Post branch or authorized banks (SBI, HDFC, ICICI, Axis, and others). The account can be opened for a girl below 10 years of age. You can hold one account per girl child and a maximum of two accounts per family (three for twins/triplets on the second birth). Deposits can be made any number of times in a year but the total must be between ₹250 and ₹1.5 lakh annually. Miss a year's deposit and the account becomes irregular; it can be regularized by paying a ₹50 penalty per default year.

SSY withdrawal rules and the 50% higher education clause

After the girl turns 18, up to 50% of the balance as of the preceding financial year can be withdrawn for higher education expenses — subject to her gaining admission to a recognized institution. Full premature closure is allowed after the girl turns 18 and is getting married. The account matures and the full balance is paid out when the girl turns 21, or on her marriage after age 18 — whichever is earlier. No tax is deducted at source on the maturity amount; the entire corpus, including all interest, is tax-free under the EEE framework.

Who benefits most from SSY

Families with daughters under 5 years benefit the most because the full 15-year deposit window and subsequent 6-year interest accumulation (deposits stop at 15 years but interest accrues until maturity at 21) gives the corpus maximum compounding time. A family starting when their daughter is 1 year old and depositing the full ₹1.5 lakh/year for 15 years at 8.2% will have approximately ₹69–72 lakh at maturity — enough to fund top-tier college education and a portion of wedding expenses without any equity market risk.