Sukanya Samriddhi Calculator
Girl-child savings scheme. Contribute for 15 years, matures at 21. Interest and maturity fully tax-free.
Statutory limit: ₹1.5 lakh per year
Current: 8.2% (revised quarterly)
Account can be opened only before age 10
For the 'in today's ₹' preview — education inflation runs ~10%
- • Highest Sovereign Rate: Currently 8.2% p.a., compounding annually (highest among government small savings).
- • 100% Tax-Free (EEE): Contributions qualify for Section 80C; interest and final maturity are completely tax-free.
- • 15-Year Deposit Window: You deposit for the first 15 years; balance keeps earning interest until maturity at age 21.
- • Eligibility & Cap: Opened before the girl turns 10 (max 2 girls per family). Annual deposit limit is ₹1.5 Lakh.
- • Higher Education Withdrawal: Up to 50% of the balance can be withdrawn after she turns 18 for higher education.
📅 Year-by-year SSY accumulation schedule
15 yrs deposit + 6 yrs compound| Child Age | Annual deposit | Total deposited | SSY balance |
|---|---|---|---|
| Age 2 | ₹1.50 L | ₹1.50 L | ₹1.62 L |
| Age 3 | ₹1.50 L | ₹3.00 L | ₹3.38 L |
| Age 4 | ₹1.50 L | ₹4.50 L | ₹5.28 L |
| Age 5 | ₹1.50 L | ₹6.00 L | ₹7.34 L |
| Age 6 | ₹1.50 L | ₹7.50 L | ₹9.56 L |
| Age 7 | ₹1.50 L | ₹9.00 L | ₹11.97 L |
| Age 8 | ₹1.50 L | ₹10.50 L | ₹14.57 L |
| Age 9 | ₹1.50 L | ₹12.00 L | ₹17.39 L |
| Age 10 | ₹1.50 L | ₹13.50 L | ₹20.44 L |
| Age 11 | ₹1.50 L | ₹15.00 L | ₹23.74 L |
| Age 12 | ₹1.50 L | ₹16.50 L | ₹27.31 L |
| Age 13 | ₹1.50 L | ₹18.00 L | ₹31.17 L |
| Age 14 | ₹1.50 L | ₹19.50 L | ₹35.35 L |
| Age 15 | ₹1.50 L | ₹21.00 L | ₹39.87 L |
| Age 16 | ₹1.50 L | ₹22.50 L | ₹44.76 L |
| Age 17 | Compounding | ₹22.50 L | ₹48.43 L |
| Age 18 | Compounding | ₹22.50 L | ₹52.40 L |
| Age 19 | Compounding | ₹22.50 L | ₹56.70 L |
| Age 20 | Compounding | ₹22.50 L | ₹61.35 L |
| Age 21 | Compounding | ₹22.50 L | ₹66.38 L |
The main NetCorpus India planner rolls this into a 50-year retirement plan alongside your loans, EPF, taxes, trips, and life goals.
Sukanya Samriddhi Yojana is a girl-child savings scheme — deposits made until she turns 15 (account matures at 21), at a rate that's historically run above PPF, with the same EEE tax treatment.
Interest compounds annually at the declared rate on the account balance. The account must be opened before the girl turns 10, deposits are made for 15 years from account opening (or until she turns 21 for the account to be closed, whichever gives the longer runway shown here), and partial withdrawal (up to 50%) is allowed once she turns 18 for education expenses.
Starting at age 2 with the statutory maximum ₹1.5L/year at 8.2% p.a. builds a meaningfully larger corpus by maturity than an equivalent PPF contribution, purely because of the higher declared rate — though PPF is more flexible on withdrawal timing.
What's the current Sukanya Samriddhi interest rate?▾
Revised quarterly by the government, historically set higher than PPF as a policy incentive. The calculator defaults to 8.2% — verify against the latest notification.
Can I open more than one Sukanya account?▾
One account per girl child, maximum two children per family (three in the case of twins on the second birth) — the scheme isn't meant to be stacked per family, it's per eligible child.