Quick Answer: How is SSY Maturity Calculated?
Sukanya Samriddhi Yojana (SSY) maturity is calculated using 8.2% p.a. annual compound interest. Deposits are made for 15 years from account opening, while the account matures 21 years from opening. For a maximum deposit of ₹1,50,000/year over 15 years (total investment ₹22.50L), your final maturity corpus at year 21 is ₹71,82,119 (including ₹49,32,119 in 100% tax-free interest).
What is the Sukanya Samriddhi Yojana Calculator & How Does SSY Work?
Sukanya Samriddhi Yojana (SSY) is a sovereign, government-backed small savings scheme launched under the flagship 'Beti Bachao Beti Padhao' campaign by the Government of India. Specially designed to secure the financial future of girl children, SSY encourages parents and legal guardians to build a dedicated fund for higher education and marriage expenses.
SSY stands out as one of the highest-yielding fixed-income instruments in India, offering an extraordinary interest rate backed directly by the sovereign backing of the Central Government.
SSY Wealth Accumulation over 21 Years (₹1,50,000 Annual Deposit at 8.2% Interest)
Illustrative year-by-year comparison of total principal deposited (stops at Year 15) vs cumulative interest earned
Current SSY Interest Rate FY 2025-26 (With Sukanya Samriddhi Yojana Calculator in Excel Formula)
For Q1 FY 2025-26, the official SSY interest rate stands at 8.2% per annum, compounded annually. Key interest mechanics include:
- Annual Compounding: Interest is calculated on the lowest balance held between the 5th and last day of each month, compounded annually, and credited on March 31st.
- The 15-vs-21 Rule: Deposits are made only for the first 15 years. From year 16 to 21, zero new deposits are made, but the accumulated corpus continues to compound at 8.2% p.a., doubling your interest earnings in the final 6 years!
SSY Maturity Corpus Split (Total Principal vs 100% Tax-Free Interest)
Distribution of final ₹71,82,119 SSY maturity corpus after 15 years of max ₹1.5L annual deposits
Sukanya Samriddhi Yojana Calculator Year Wise Growth (With Sukanya Samriddhi Yojana Calculator Chart)
Below is the year-by-year compounding schedule for a parent depositing ₹1,50,000 at the start of every financial year for 15 years at a constant 8.2% interest rate:
| Year | Opening Balance | Annual Deposit | Interest Earned (8.2%) | Closing Balance |
|---|---|---|---|---|
| Year 1 | ₹0 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| Year 5 | ₹7,08,337 | ₹1,50,000 | ₹70,384 | ₹9,28,721 |
| Year 10 | ₹19,90,370 | ₹1,50,000 | ₹1,75,510 | ₹23,15,880 |
| Year 15 (Final Deposit) | ₹39,03,068 | ₹1,50,000 | ₹3,32,352 | ₹43,85,420 |
| Year 18 (Education) | ₹51,15,023 | ₹0 (Deposits Ended) | ₹4,19,432 | ₹55,34,455 |
| Year 21 (Maturity) | ₹66,37,818 | ₹0 | ₹5,44,301 | ₹71,82,119 |
* Summary: Total Principal Investment = ₹22,50,000 | Total Tax-Free Interest Earned = ₹49,32,119 | Final SSY Maturity Corpus = ₹71,82,119.
SSY vs PPF vs EPF Comparison Table
| Feature | Sukanya Samriddhi (SSY) | Public Provident Fund (PPF) | Employee Provident Fund (EPF) |
|---|---|---|---|
| Interest Rate | 8.2% p.a. (Highest) | 7.1% p.a. | 8.25% p.a. |
| Eligibility | Girl child < 10 years old | All Resident Individuals | Salaried Employees |
| Deposit Horizon | 15 Years Deposits (21 Yrs Maturity) | 15 Years (Extendable in 5s) | Till Retirement (Age 58) |
| Tax Exemption Status | EEE (100% Tax-Free) | EEE (100% Tax-Free) | EEE (Tax-Free after 5 Yrs) |