The result of investing ₹1,00,000 per year in Sukanya Samriddhi Yojana (SSY) is an estimated maturity value of ₹40.35 Lakh. In 2026, with the interest rate held at 7% p.a., SSY remains the most powerful goal-based investment for a daughter's education and marriage. This calculator for a ₹1,00,000 contribution accounts for the 15-year deposit period and the full 21-year maturity cycle, providing a government-backed, tax-free roadmap for your family's future wealth.
What is Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched in 2015 as part of the 'Beti Bachao Beti Padhao' initiative. It is specifically designed to encourage parents to build a dedicated corpus for their daughter's future education and marriage expenses. Because it is backed by the Government of India, it offers near-zero risk and one of the highest interest rates among all small savings schemes.
For the current financial year (FY 2026-27), the SSY interest rate is fixed at 8.2% (compounded annually). The scheme requires a minimum annual deposit of ₹250 and allows up to ₹1.5 Lakhs per year. The account has a total tenure of 21 years from the date of opening, though deposits are only required for the first 15 years.
SSY Maturity Formula + Example
The maturity amount for Sukanya Samriddhi Yojana is calculated using compound interest. Since the interest rate is reviewed quarterly by the government, the final amount can vary, but the formula remains: A = P(1 + r/n)^nt
Example Calculation: For an investment of ₹1.5L annually for 15 years, and interest at 8.2%%:
- Total Investment: Structured
- Total Interest Earned: Optimized
- Total Maturity (after 21 years): ₹71.82 L (completely tax-free). This demonstrates the massive power of compounding over a 21-year horizon.
Triple Tax Exemption (EEE Status)
SSY is one of the few investment instruments in India that carries the coveted EEE (Exempt-Exempt-Exempt) status:
1. Exempt on Investment: Deposits made are eligible for deduction under Section 80C (up to ₹1.5 Lakh/year).
2. Exempt on Accumulation: The interest earned annually is 100% tax-free.
3. Exempt on Maturity: The final corpus received after 21 years is also 100% tax-free.
Selvamagal Semippu Thittam (Tamil Nadu)
In Tamil Nadu, the Sukanya Samriddhi Yojana is widely known and searched as the Selvamagal Semippu Thittam. Whether you are looking for the "Post Office Girl Child Scheme" or specifically searching for Selvamagal Semippu Thittam interest rates, the rules remain the same. Our calculator is the perfect tool for Tamil Nadu residents to estimate their daughter's future wealth in their native context.
SSY vs PPF — Which is Better?
While both SSY and Public Provident Fund (PPF) offer EEE tax benefits and government security, SSY usually wins for a girl child's goal.
- Interest Rate: SSY (8.2%) currently offers significantly higher returns than PPF (7.1%).
- Lock-in: PPF has a 15-year tenure (renewable), while SSY lasts 21 years or until marriage after age 18.
- Verdict: If you have a daughter under 10, SSY is the superior wealth-builder due to the higher interest rate.
Frequently Asked Questions
What is the maturity value of ₹NaN Ssy for undefined Years?
For a Ssy of ₹NaN over a tenure of undefined Years at an expected rate of undefined%, the estimated maturity value is . This includes a total investment of ₹NaN and earned returns of the calculated growth.
Can an NRI open a Sukanya Samriddhi account?
No, NRI parents cannot open an SSY account for their daughter. Also, if the girl child becomes an NRI or a citizen of another country after the account is opened, it must be closed immediately. The balance will earn interest at the post office savings rate instead of the higher SSY rate until it is settled.
How much will my daughter get from ₹1.5L yearly SSY investment?
Investing ₹1.5L annually in Sukanya Samriddhi Yojana (SSY) at the current rate of 8.2% will result in a tax-free maturity amount of approximately ₹71.82 L after 21 years. This assumes consistent annual contributions for the first 15 years.
What is the SSY interest rate for 2026?
The SSY interest rate is currently 8.2% for FY 2026-27. This is generally the highest interest rate among all government-backed small savings schemes, making it the most attractive option for building a corpus for a girl child's future.
How to transfer an SSY account between banks or post offices?
You can transfer an SSY account from a post office to a bank (or vice versa) anywhere in India for free if you are shifting residence. You need to submit a transfer request form along with your original passbook and new address proof at the current branch. The paperwork usually takes 1-2 weeks to process.
Can I open an SSY account for my niece or granddaughter?
No, only the biological parents or a legal guardian of the girl child can open an SSY account. Grandparents or relatives cannot open it unless they are the legally appointed guardians of the child.
What happens if the girl turns 18 but stays unmarried?
The account continues to earn interest until it reaches the 21-year maturity from the date of opening, regardless of whether she is married or not. Marriage after 18 is simply an option for premature closure; it is NOT mandatory to close the account at 18.
Is there any limit on the number of deposits in a year?
There are no limits on the number of deposits you can make in a financial year. You can deposit ₹250 today, ₹1000 tomorrow, and so on, as long as the total annual contribution does not exceed the ₹1.5 Lakh limit.
⚠️ 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.