How long do I deposit in SSY and when does it mature?

You make deposits for 15 years from the date of opening the account. The account then continues to earn interest and matures 21 years after opening, or on the girl's marriage after she turns 18.

What is the minimum and maximum SSY deposit?

The minimum deposit is ₹250 per year and the maximum is ₹1.5 lakh per financial year. You can deposit in a lump sum or in instalments, but the yearly total cannot exceed ₹1.5 lakh.

Yes. SSY has EEE (Exempt-Exempt-Exempt) status. Deposits qualify for deduction under Section 80C up to ₹1.5 lakh, the interest earned is tax-free, and the maturity amount is also fully tax-free.

SSY Calculator India – Sukanya Samriddhi Yojana Maturity

Account Details

Yearly Deposit

₹

₹250₹1.5L

Interest Rate (p.a.)

%

6%10%

Deposits are made for the first 15 years. The account then earns interest with no further deposits and matures at the end of 21 years. Maximum ₹1.5 lakh per year qualifies for Section 80C deduction.

Maturity Amount (after 21 years)

₹0

tax-free under EEE status

Total Invested (15 yrs)

₹0

Interest Earned

₹0

Year-by-Year Growth

Year	Deposit	Interest	Balance

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana (SSY) is a government-backed small-savings scheme launched under the Beti Bachao, Beti Padhao initiative to help parents build a corpus for their daughter's education and marriage. It offers one of the highest fixed returns of any small-savings scheme — currently 8.2% per annum — with full EEE tax exemption.

→Open for a girl below 10 years; maximum two accounts per family.
→Deposit ₹250 to ₹1.5 lakh per year for 15 years.
→Matures 21 years after opening, or on marriage after age 18.

How Maturity Is Calculated

Each year: Balance = (Balance + Deposit) × (1 + r)
Deposits for years 1–15, interest till year 21

Interest is compounded annually. Even after deposits stop in year 15, the balance keeps compounding for 6 more years — which is why the maturity value far exceeds what you put in.

Example: ₹1,50,000/yr for 15 years at 8.2%

Total deposited = ₹22,50,000

Maturity (year 21) ≈ ₹69,27,578

Tax-free interest of about ₹46.8 lakh.

SSY Interest Rate History

Unlike a fixed deposit, SSY does not lock in one rate — the whole balance earns the government's prevailing quarterly rate each year.

FY 2025-26 (current) 8.2%

Jan 2024 onwards 8.2%

Apr–Dec 2023 8.0%

FY 2020–2023 7.6%

FY 2018-19 8.5%

* Indicative rates. The actual maturity value depends on rates over the full term.

SSY Maturity Examples (at 8.2%)

Assuming a constant 8.2% for the full 21-year term.

₹25,000/yr (15 yrs) ≈ ₹11.5 L

Deposited ₹3,75,000

₹50,000/yr (15 yrs) ≈ ₹23.1 L

Deposited ₹7,50,000

₹1,00,000/yr (15 yrs) ≈ ₹46.2 L

Deposited ₹15,00,000

₹1,50,000/yr (maximum)

Deposited ₹22.5 L → matures to about ₹69.3 lakh, entirely tax-free.

SSY vs Other Long-Term Options

SSY

EEE tax-free · girl child only

8.2%

PPF

EEE tax-free · anyone

7.1%

Bank FD

Interest taxable

~7.0%*

ELSS / Equity SIP

Market-linked, higher risk

10–12%*

* FD interest is taxable; equity returns are market-linked and not guaranteed.

Key Rules & Benefits

→EEE tax status — deposit, interest, and maturity are all tax-free.
→80C deduction on deposits up to ₹1.5 lakh per year.
→Government-backed with the highest small-savings rate.
→Partial withdrawal of up to 50% allowed after the girl turns 18.
→Open at any post office or authorised bank with just ₹250.
→Revive a lapsed account by paying ₹50 penalty per missed year, plus the minimum deposit.

Frequently Asked Questions

Common questions about Sukanya Samriddhi Yojana

What is the current SSY interest rate?

SSY pays 8.2% per annum, compounded annually. The rate is reviewed quarterly by the government and is among the highest of all small savings schemes.

How long do I deposit and when does it mature?

You deposit for 15 years; the account matures 21 years after opening, or on the girl's marriage after she turns 18.

What is the minimum and maximum deposit?

Minimum ₹250 and maximum ₹1.5 lakh per financial year, in lump sum or instalments.

Is SSY tax free?

Yes — SSY has EEE status. Deposits qualify for 80C deduction, interest is tax-free, and the maturity amount is fully tax-free.

Who can open a Sukanya Samriddhi account?

A parent or legal guardian can open it for a girl child below 10 years. A maximum of two accounts per family is allowed (with exceptions for twins/triplets).

Can I withdraw early?

Partial withdrawal of up to 50% is allowed after the girl turns 18, for higher education or marriage. Premature closure is permitted only in specific cases like the account holder's death or medical emergencies.

How much will I get if I invest ₹1.5 lakh a year?

Depositing the maximum ₹1.5 lakh every year for 15 years (₹22.5 lakh total) grows to approximately ₹69.3 lakh at maturity in year 21, assuming the rate stays at 8.2%. The entire amount, including about ₹46.8 lakh of interest, is tax-free.

What happens if I miss a yearly deposit?

If you don't deposit the minimum ₹250 in a financial year, the account becomes "default". You can revive it by paying a ₹50 penalty for each defaulted year along with the ₹250 minimum for those years. The balance continues to earn interest in the meantime.