Sukanya Samriddhi Yojana
Calculate your daughter's future savings
Account can be opened for girls aged 0-10 years
Min ₹250/year, Max ₹1,50,000/year
What is the Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao, Beti Padhao campaign in India. It is specifically designed to secure the financial future of a girl child. A parent or legal guardian can open an SSY account for a girl child below the age of 10 at any authorized post office or bank branch. The scheme currently offers an interest rate of 8.2% per annum (FY 2025-26), compounded annually, making it one of the highest-yielding guaranteed savings instruments in India.
Why Use This Calculator?
Planning your daughter's financial future requires precision. This calculator helps you project the exact maturity value at age 21 based on your monthly or yearly deposits. It shows the year-by-year growth of your investment, the total interest earned over the full tenure, and the tax savings you accumulate under Section 80C of the Income Tax Act. You can also compare SSA returns against fixed deposit rates from major banks like SBI, HDFC, and ICICI to understand the true advantage of the EEE (Exempt-Exempt-Exempt) tax benefit.
How to Use This Calculator
Step 1: Enter your daughter's current age (0 to 10 years). Step 2: Enter the monthly deposit amount (minimum ₹21/month or ₹250/year, maximum ₹12,500/month or ₹1,50,000/year). Step 3: Click "Calculate" to see the maturity value, total interest earned, tax savings under 80C, and a detailed year-by-year growth chart. You can also download a PDF report or share the results via WhatsApp.
Key Terms Explained
Maturity Value: The total amount you receive when the account matures (when your daughter turns 21). Section 80C: A provision in the Income Tax Act allowing deductions up to ₹1.5 lakh per year on qualifying investments like SSA, PPF, and ELSS. EEE Status: Exempt-Exempt-Exempt means the deposits, interest earned, and maturity amount are all tax-free. Compounding: Interest is calculated on the accumulated balance each year, meaning your interest also earns interest over time.