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Sukanya Samriddhi Yojana Maturity Calculator — 8.2% Rate for FY 2026-27

This calculator computes girl child savings returns using the 8.2% interest rate declared by the Ministry of Finance for Q1 FY 2026-27. It compounds annually based on monthly interest calculations to estimate final maturity after 21 years.

1. Investment Variables

Min: ₹250, Max: ₹1,50,000 per financial year.
Must be between 0 (newborn) and 10 years.

Understanding Sukanya Samriddhi Yojana (SSY) Mechanics

Sukanya Samriddhi Yojana (SSY) is a dedicated savings scheme launched under the government's 'Beti Bachao, Beti Padhao' initiative. Designed specifically for the financial security of girl children, it offers higher interest rates than standard PPF and regular bank deposits, combined with sovereign guarantees.

How the 15-Year Contribution & 21-Year Maturity Rule Works

One unique aspect of the SSY account is its tenure timeline. Even though the account matures exactly 21 years from the date of opening, contributions are only required for the first 15 years.

From Year 16 to Year 21, you do not need to pay any additional deposits. However, the balance accumulated in the first 15 years will continue to remain in the account, earning annual compound interest rates decided by the government. This 6-year 'compounding only' phase substantially multiplies the final maturity corpus.

Frequently Asked Questions (FAQ)

What is the maturity amount for ₹1.5 lakh per year in Sukanya Samriddhi Yojana at 8.2%?

Investing ₹1.5 lakh annually (the maximum limit) for the mandatory 15 years at an 8.2% interest rate yields an estimated maturity value of ₹69,79,936 after the 21-year lock-in period.

Can I open a Sukanya Samriddhi account for two daughters?

Yes. You can open SSY accounts for a maximum of two daughters under the age of 10. An exception is made for triplets or twins if the first birth results in a single girl child.

What happens if I deposit more than ₹1.5 lakh in an SSY account?

Deposits exceeding ₹1.5 lakh in a financial year will not earn interest. The excess amount is refunded to the depositor immediately and does not qualify for Section 80C deductions.

Can I make premature withdrawals from a Sukanya Samriddhi account?

Partial withdrawal of up to 50% of the balance at the end of the preceding financial year is allowed once the girl child reaches 18 years of age or completes 10th grade, specifically for higher education expenses.

Is Sukanya Samriddhi Yojana tax-free at maturity?

Yes, SSY has the EEE (Exempt-Exempt-Exempt) tax status. Your contributions up to ₹1.5 lakh qualify for Section 80C deductions, the interest is tax-exempt, and the final maturity amount is 100% tax-free.

Rates sourced from official government portals — see data sources & verification dates

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About This Calculator

Target Audience: Salaried taxpayers, investors & retirees planning Indian tax & wealth growth Last verified: 2026-06-30

What Does This Calculator Do?

This tool calculates the future wealth you can build for your daughter using a special government savings scheme. It shows how much money will accumulate by the time she turns 21. It helps you plan for her higher education or marriage without taking any market risks. It is a secure way to guarantee her financial freedom as she grows up.

How to Use It

  1. Yearly Investment: Type the amount you will deposit every year. You can start with ₹250 and go up to ₹1,50,000 per financial year.
  2. Annual Interest Rate: Type the current rate set by the government, which is usually around 8.2% per year.
  3. Girl Child's Age at Opening: Type your daughter's current age, which must be under 10 years when the account starts.

The Logic Explained Simply

  • The Concept: Think of this as a long-term piggy bank that grows with high interest. You deposit money for the first 15 years, and then the money lies in the account earning interest for another 6 years without any new deposits. The compounding effect ensures that your savings grow dramatically over the 21-year term.
  • The Formula:

Maturity = Sum of compound interest calculations performed year-by-year for 21 years, where deposits are made only for the first 15 years.

Real-World Calculation Breakdown

For example, if you invest ₹1,50,000 annually into this account starting when your daughter is newborn (0 years). You will make deposits of ₹1,50,000 every year for 15 years, which equals a total investment of ₹22,50,000. The account earns interest at 8.2% per year for 21 years. At maturity, your daughter receives a tax-free payout of ₹69,80,058, which includes ₹47,30,058 in interest.

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