Sukanya Samriddhi Yojana Calculator 2026
Deposit every year in your daughter's name and see what she receives after 21 years. SSY interest rate, maturity amount and tax benefit in one place.
How SSY works
Sukanya Samriddhi Yojana was launched under the Government of India's Beti Bachao Beti Padhao campaign. An account is opened in the name of a girl child aged 0 to 10 at a Post Office or an authorised bank.
Deposits: Rs. 250 to Rs. 1,50,000 every year for 15 years · Maturity: 21 years from opening · Interest: revised quarterly · Where: Post Office / SBI / PNB / BOB / other authorised banks
Tax: Triple exemption (EEE): deposits qualify for Section 80C, interest is tax free and the maturity amount is tax free. One of the most tax-efficient schemes in India.
Partial withdrawal: once the girl turns 18, up to 50% of the balance can be withdrawn for higher education.
Key rules
- Deposit at least Rs. 250 every year, otherwise a Rs. 50 penalty applies
- Deposit before the 5th of the month to earn interest for the full month
- After 18 years, 50% can be withdrawn, only for higher education
- Maximum 2 girls per family (3 in case of twins or triplets)
- Accounts open at any Post Office or authorised bank
Frequently asked questions
What is the minimum deposit in SSY?
At least Rs. 250 per year. If you miss it, a Rs. 50 penalty applies and the account becomes inactive. To reactivate, pay the arrears plus the penalty.
Can I withdraw money from SSY before maturity?
After the girl turns 18, up to 50% of the balance can be withdrawn for higher education. Before that, withdrawal is allowed only for serious illness or death.
When does the SSY interest rate change?
The Ministry of Finance reviews small savings scheme rates every quarter (3 months).
Can two daughters have SSY accounts?
Yes, a maximum of 2. In case of twins or triplets, 3 accounts are allowed (birth certificates required).
Where can I open an SSY account?
At any Post Office and at SBI, PNB, BOB and other authorised banks. Online deposits work through the IPPB app or SBI net banking.
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Source: Ministry of Finance / India Post, rates Q4 FY2025-26, subject to quarterly revision. Results are indicative; confirm final figures with your bank or post office.