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

About Sukanya Samriddhi Yojana

SSY is a government-backed small savings scheme for the girl child, offering one of the highest fixed returns (8.2%) with full tax exemption under EEE status.

→Open for a girl below 10 years; max 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 at the prevailing rate. Even after deposits stop in year 15, the balance keeps compounding for 6 more years, which is why the maturity value is much larger than the amount invested.

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.