What is the current SSY interest rate?

The current SSY interest rate is 8.2% per annum for Q1 FY 2026-27, compounded annually. The rate is reviewed and notified every quarter by the Ministry of Finance — it is among the highest interest rates offered on any government-backed small-savings scheme. Interest is credited to the account at the end of each financial year on the running balance.

Can I withdraw before maturity?

Partial withdrawal of up to 50% of the previous year's balance is permitted after the girl turns 18, specifically to fund her higher education. Premature closure of the account is allowed after the girl turns 18 for the purpose of her marriage (with proof of age and intended date of marriage). Full closure before these conditions is allowed only in extraordinary cases such as the death of the account holder or compassionate grounds approved by the central government.

What happens if I miss a contribution?

If you do not deposit the minimum ₹250 in any financial year, the account is treated as a 'defaulted account'. You can revive it by paying a penalty of ₹50 per defaulted year plus the minimum ₹250 deposit for each missed year. Reviving the account within 15 years from opening keeps the original tenure and interest accrual on track. If never revived, the balance continues to earn the prevailing interest rate until maturity.

SSY vs PPF — which is better for a girl child?

SSY offers a meaningfully higher interest rate than PPF (currently 8.2% vs 7.1%), and both share the same EEE tax treatment and the same ₹1.5 lakh annual cap under Section 80C. SSY is restricted to a girl child below 10 and has a fixed 21-year tenure with a 15-year contribution window, making it ideally aligned with her higher-education and marriage milestones. PPF is open to anyone, has more flexibility on extension after 15 years, and works as a general retirement-oriented debt allocation. For a girl child specifically, SSY almost always wins on returns; many families use both — SSY for the daughter's future, PPF for general long-term savings.

Sukanya Samriddhi Yojana Calculator

SSY

💰 Finance

Calculate maturity corpus for the Sukanya Samriddhi Yojana (SSY) — the girl-child small-savings scheme. 15 years of contribution + 6 years of interest-only growth at the current 8.2% rate. Tax-free under EEE.

Reviewed by the CalculatorKosh Editorial TeamUpdated June 2026Free · No sign-up

SSY Account Details

Girl's current age

yrs

0 yrs10 yrs

0-10 years (account must be opened before age 10)

Annual contribution

₹

₹250₹1.5 L

Min ₹250 · Max ₹1,50,000 (statutory cap)

Interest rate

5%12%

Current: 8.2% (Q1 FY 2026-27)

Your tax slab

Drag sliders to explore different scenarios

Interest Rate8.2%

5%12%

Annual Contribution150000 ₹

250 ₹150000 ₹

What-If Maturity Corpus

₹71,82,119

Maturity Corpus

₹71,82,119

(at girl's age 26)

Total Contribution

₹22.5 L

over 15 years

Total Interest

₹49.3 L

over 21 years

Annual 80C Saving

₹30,000

@ 20% slab

EEE Tax Benefit

SSY is tax-free at all 3 stages — investment qualifies for ₹30,000 annual tax saving (within Section 80C ₹1.5L cap), interest and maturity are both fully exempt. Total Section 80C saving over 15 years: ₹4,50,000.

Contributions vs Interest over 21 years

Year-by-year breakdown

Yr	Age	Contribution	Interest	Closing Balance
1	6	₹1,50,000	₹12,300	₹1,62,300
2	7	₹1,50,000	₹25,609	₹3,37,909
3	8	₹1,50,000	₹40,009	₹5,27,917
4	9	₹1,50,000	₹55,589	₹7,33,506
5	10	₹1,50,000	₹72,448	₹9,55,954

Contribution vs Interest68.7% from interest

Contributed ₹22,50,000Interest ₹49,32,119

Drag sliders to explore different scenarios

Interest Rate8.2%

5%12%

Annual Contribution150000 ₹

250 ₹150000 ₹

What-If Maturity Corpus

₹71,82,119

How It Works

The Sukanya Samriddhi Yojana (SSY) is a Government-backed small-savings scheme designed specifically for a girl child. The account is opened by a parent or legal guardian for any girl below the age of 10, and is structured around two key dates — contributions are made for the first 15 years from account opening, and the account matures 21 years from opening (or upon the girl's marriage after age 18, whichever is earlier). It currently offers 8.2% per annum compounded annually, among the highest rates available on any government-backed small-savings instrument.

SSY compounding formula

balance_n = (balance_n−1 + contribution_n) × (1 + r)

Where r = annual interest rate (e.g. 0.082 for 8.2%) and contribution_n is 0 for years 16-21. Interest is technically calculated on the minimum balance between the 5th and last day of each month, but credited at year-end — this simplified annual-credit model matches every consumer SSY calculator and the maturity tables published by India Post.

Why SSY is structurally so powerful

SSY is one of very few products that compounds for 6 full years after contributions stop. For a maxed-out account (₹1.5L per year × 15 years = ₹22.5L contributed), the corpus grows past ₹44L by year 15 and reaches ~₹71.8L by year 21 — nearly tripling the contributed amount through pure compounding in the no-contribution tail window. This is functionally a long-dated, tax-free, government-guaranteed bond at 8.2% — almost impossible to replicate elsewhere on a post-tax basis.

EEE tax treatment

SSY enjoys the rare Exempt-Exempt-Exempt (EEE) tax treatment: contributions qualify for Section 80C deduction (within the ₹1.5L annual cap shared with PPF / EPF / ELSS / life insurance), the annual interest credited is fully exempt, and the final maturity corpus is also fully tax-free in the girl's hands.

Frequently Asked Questions

A Sukanya Samriddhi Yojana account can be opened by a parent or legal guardian in the name of a girl child below the age of 10 years. Only one account is permitted per girl child, and a family can open a maximum of two SSY accounts (one for each of two daughters). In the case of twins or triplets born after the first daughter, the two-account limit can be relaxed with supporting documentation. The account can be opened at any authorised bank branch or post office with the girl's birth certificate, the guardian's identity proof, and address proof.