Sukanya Calculator - SSY Maturity Calculator
Use this free Sukanya Calculator to plan for your girl child's future under the Sukanya Samriddhi Yojana (SSY). Enter your yearly deposit and the current interest rate to see how much you will deposit over 15 years, how much interest you will earn, and the maturity value after 21 years.
SSY is a government-backed small savings scheme for a girl child, with tax benefits and a long compounding period. This calculator gives you a clear, instant estimate so you can set a realistic yearly savings goal.
Table of Contents
What is a Sukanya Calculator?
A Sukanya Calculator estimates the maturity value of a Sukanya Samriddhi Yojana (SSY) account. You deposit money every year for 15 years, interest compounds annually, and the account matures after 21 years, even though no deposits are made in years 16 to 21.
Model stated openly: yearly deposit at the START of each year for 15 years; interest compounded annually on the full balance; account matures after 21 years (no deposits in years 16-21, interest keeps compounding).
Rate verified 8.2% for Oct-Dec 2026 quarter (Government small-savings notification); the rate field is editable if it changes.
How to Use the Sukanya Calculator (Step by Step)
- Enter yearly deposit (min Rs 250, max Rs 1,50,000 per FY).
- Keep rate at current SSY rate or change to test.
- Press Calculate.
- See total deposit, interest and 21-year maturity.
Example Calculation
Rs 1,50,000/year at 8.2% gives: Total deposited Rs 22,50,000; Interest Rs 49,32,119; Maturity Rs 71,82,119.
Features
- Current 8.2% default (quarter-verified).
- Editable rate.
- 15-deposit/21-year model.
- Free, instant.
Benefits
- Girl-child goal planning.
- EEE tax-free maturity.
- Long-term compounding view.
Final Thoughts
Start early, deposit regularly, and let compounding work over 21 years for your daughter's education or future goals. For more planning tools, try the TDEE Calculator and the RD Interest Calculator.
Frequently Asked Questions (FAQs)
What is the current SSY interest rate?
SSY rates are set by the Government of India every quarter. This calculator defaults to 8.2 percent - check the latest notified rate before relying on the figure.
For how many years do I deposit in SSY?
Deposits are made for 15 years from account opening, and the account matures after 21 years.
Who can open a Sukanya account?
A parent or guardian for a girl child below 10 years, one account per child, at a post office or authorised bank.
Is SSY maturity tax free?
Yes, SSY is EEE - deposits get 80C deduction, and interest and maturity are tax exempt under current rules.