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SSY Calculator: ₹120,000/year - Sukanya Samriddhi

Personalized Girl Child Savings Analysis

Reviewed by Mahavir Hirani, Financial Expert

The Sukanya Samriddhi Yojana (SSY) is a flagship government-backed small savings scheme launched under the 'Beti Bachao Beti Padhao' campaign. Aimed exclusively at securing the financial future of the girl child, it offers the highest risk-free interest rate among all postal schemes (currently 8.2%) and comes with full EEE (Exempt-Exempt-Exempt) tax benefits.

Use this calculator to accurately project the massive, tax-free maturity corpus you can build for your daughter's higher education and marriage.

YRS
₹
% p.a

Total Maturity Wealth

₹57,45,695

Projected value when your daughter turns 26.

Total Principal

₹18,00,000

Deposited over 15 years

Estimated Interest

₹39,45,695

Wealth gained

EEE Status

100% Tax-Free

Triple tax benefit on investment, interest and maturity.

Financial Growth Map

Milestones

15 Yrs

21 Yrs

Partial Withdrawal

50% available at age 18 for education.

Principal

31%

Returns

69%

Progression Ledger

Comprehensive audit of yearly growth and interest accrual.

TermAgeDepositInterestRunning Balance
Year 16 Yrs₹1,20,000+₹9,840₹1,29,840
Year 27 Yrs₹1,20,000+₹20,487₹2,70,327
Year 38 Yrs₹1,20,000+₹32,007₹4,22,334
Year 49 Yrs₹1,20,000+₹44,471₹5,86,805
Year 510 Yrs₹1,20,000+₹57,958₹7,64,763
Year 611 Yrs₹1,20,000+₹72,551₹9,57,314
Year 712 Yrs₹1,20,000+₹88,340₹11,65,653
Year 813 Yrs₹1,20,000+₹1,05,424₹13,91,077
Year 914 Yrs₹1,20,000+₹1,23,908₹16,34,985
Year 1015 Yrs₹1,20,000+₹1,43,909₹18,98,894
Year 1116 Yrs₹1,20,000+₹1,65,549₹21,84,443
Year 1217 Yrs₹1,20,000+₹1,88,964₹24,93,408
Year 1318 Yrs₹1,20,000+₹2,14,299₹28,27,707
Year 1419 Yrs₹1,20,000+₹2,41,712₹31,89,419
Year 1520 Yrs₹1,20,000+₹2,71,372₹35,80,791
Year 1621 Yrs₹0+₹2,93,625₹38,74,416
Year 1722 Yrs₹0+₹3,17,702₹41,92,119
Year 1823 Yrs₹0+₹3,43,754₹45,35,872
Year 1924 Yrs₹0+₹3,71,942₹49,07,814
Year 2025 Yrs₹0+₹4,02,441₹53,10,254
Year 2126 Yrs₹0+₹4,35,441₹57,45,695

SSY Savings Milestones

₹1,000 per Month SSY₹2,000 per Month SSY₹5,000 per Month SSY₹10,000 per Month SSY₹1.5 Lakh per Year₹250 Minimum Deposit

SSY Rules & 2026 Benefits

Partial Withdrawal RulesInterest Rate HistorySSY for 21 YearsAccount Transfer GuideTax-Free EEE StatusPremature Closure Rules

Related Savings & Fixed Income Tools

Fixed Deposit (FD)Recurring Deposit (RD)Public Provident Fund (PPF)EPF CalculatorSukanya Samriddhi (SSY)Post Office MIS (POMIS)Senior Citizen Savings (SCSS)National Savings CertificateKisan Vikas Patra (KVP)

The 21-Year Compounder

Did you know? SSY is the only government scheme that allows you to build a tax-free corpus of up to ₹70 Lakhs with just ₹1.5L annual deposits. The key is starting as early as possible (Age 0-1) to let the interest compound for the full 21-year tenure before she turns 21!

The Sukanya Samriddhi Yojana (SSY) is a flagship government-backed small savings scheme launched under the 'Beti Bachao Beti Padhao' campaign. Aimed exclusively at securing the financial future of the girl child, it offers the highest risk-free interest rate among all postal schemes (currently 8.2%) and comes with full EEE (Exempt-Exempt-Exempt) tax benefits.

Use this calculator to accurately project the massive, tax-free maturity corpus you can build for your daughter's higher education and marriage.

How Does SSY Work?

You invest a fixed or variable amount every year for only 15 years, but the account continues to earn compound interest for a total of 21 years until it fully matures.

A = P(1 + r/n)^nt

Where:

  • • Deposits are mandatory only for the first 15 years from account opening
  • • Interest is compounded annually and credited at the end of the financial year
  • • The account matures after 21 years from the date of opening
  • Eligibility: Only for a girl child below 10 years of age. Maximum of 2 girls per family (3 allowed only in case of twins/triplets).
  • Deposit Limits: Minimum ₹250, Maximum ₹1.5 Lakh per financial year.
  • Maturity: 21 years from account opening, or when the girl marries after turning 18.
  • Tax Benefits (EEE): Investments are deductible under 80C (up to ₹1.5L), the annual interest earned is tax-free, and the final maturity amount is 100% tax-free!

Example: Maximizing SSY with ₹1.5L Annually

Rahul opens an SSY account for his 1-year-old daughter. He plans to maximize the tax benefit by depositing ₹1.5 Lakh every year.

• Annual Deposit: ₹1,50,000
• Payment Term: 15 Years (Total Deposit: ₹22.50 Lakhs)
• Total Term: 21 Years (Interest continues for years 16-21 without deposits)
• Interest Rate: 8.2% p.a.

Result: When his daughter turns 22, the account matures. Rahul receives a massive ₹69.3 Lakhs, completely tax-free, easily covering her higher education or marriage costs.

Annual Deposit: ₹1,50,000
Total Deposited (15 yrs): ₹22,50,000
Interest Earned: ~₹46,80,000
Maturity Value: ~₹69,30,000
Tax Paid: ₹0 (Fully Exempt)

SSY vs PPF vs Children's Mutual Funds

Where should you invest for your daughter?

FeatureSSYPPFChildren's Equity Fund
Returns8.2% (Fixed, Govt backed)7.1% (Fixed, Govt backed)12-15% (Market Risk)
Tax BenefitEEE (100% Tax Free)EEE (100% Tax Free)LTCG Tax > ₹1.25L
Lock-inUntil 21 Years / Marriage15 Years5 Years / Age 18
Contribution Period15 Years onlyFull 15 YearsFlexible
PurposeStrictly Girl ChildGeneral / RetirementAny Goal

Frequently Asked Questions

⚠️ Disclaimer

The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.

MH

Verified Contributor

SSY Calculator: ₹120,000/year - Sukanya Samriddhi analyzed by Mahavir Hirani

I verified this calculation against the April 2026 Fiscal Cycle. If you have questions about the logic, reach out via the Author Page.

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