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SSY calculator
Project tax-free maturity across the deposit and lock-in years.
Deposit details
Your SSY maturity
What your SSY is really worth
SSY is tax-free (EEE). See how inflation affects purchasing power.
Assumptions
Inflation
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Tax-free (EEE) No tax drag₹69,27,914 Interest stays fully yours
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Today’s Buying Power 6% inflation— What that money can buy in today’s rupees
How your SSY grows
Growth over tenure
Invested vs interest
Tax-free (EEE) split at maturity
Same 80C slice · different rate & silent phase
SSY brochures show nominal maturity at 21 years. For education or marriage goals, compare real value after inflation — and whether you need an equity SIP alongside for costs that rise faster than CPI.
SSY vs PPF / SIP Open when you want the side-by-side
How SSY compares
All three can use Section 80C — but rate, lock-in, and risk differ sharply. Enter the same annual outflow in each calculator with inflation toggles on to compare purchasing power, not just headline returns.
| Dimension | SSY | PPF | ELSS SIP |
|---|---|---|---|
| Rate / return | ~8.2% guaranteed | ~7.1% guaranteed | ~12% historical CAGR — not guaranteed |
| Tax | EEE (exempt-exempt-exempt) | EEE | 80C + LTCG on gains |
| Lock-in | 21 yrs (deposits stop at 15) | 15 yrs (+ extensions) | 3 yr ELSS lock-in |
| Eligibility | Girl below 10 at opening | Anyone | Anyone |
| After inflation | ~2% real at 8.2% vs 6% CPI | ~1% real at 7.1% vs 6% CPI | Historically stronger — with volatility |
| Best for | Dedicated girl-child corpus | General tax-free savings | Growth above education inflation |
Practical check: ₹1.5L/yr for 15 years — SSY at 8.2% gives ~₹69L tax-free at year 21; PPF at 7.1% lands lower. For overseas education, model SSY real value with inflation on, then size an equity SIP for the gap.
Compare side by side: PPF calculator · SIP calculator · SSY deposit vs maturity guide
How to use this SSY calculator
Enter your numbers above — tax-free maturity, silent-phase gain, and charts update instantly in your browser.
- 1 Contribution, rate & years — annual deposit (₹250–₹1.5L), deposit years (≤15), and total account years (default 21).
- 2 Read tax-free maturity — the summary shows passbook maturity and optional silent-phase chip.
- 3 See real value — use Edit assumptions for CPI, then read Tax-free (EEE) → Buying Power.
- 4 Decide next — use the growth chart, then compare with PPF or read the deposit vs maturity guide.
Two-phase model (deposit + silent). Not tax advice — read the SSY 15-year deposit vs 21-year maturity guide.
Learn more
What is Sukanya Samriddhi Yojana (SSY)?
Government-backed savings for the girl child — highest govt rate, EEE tax status, 15-year deposit window, 21-year maturity. The silent growth phase after deposits stop is SSY's edge over PPF.
Open at a post office or authorised bank before she turns 10. Max two accounts per family (one per girl child).
SSY interest rate in India 2026
As of 2026, SSY offers 8.2% p.a. — revised quarterly alongside PPF and other small-savings schemes.
- Historical range: ~7.6%–9.2% since launch in 2015.
- Applies to all accounts — rate changes affect existing balances.
- Compounding: Annual, on the minimum balance between the 5th and last day of each month.
SSY maturity examples (₹1.5L/yr @ 8.2%)
| Tenure | Invested | Maturity | Real @ 6% CPI |
|---|---|---|---|
| 21 yrs (15+6) | ₹22.5L | ~₹69.3L | ~₹21L |
| 15 yrs only | ₹22.5L | ~₹43.5L | — |
The 6-year silent phase often adds ~₹25L+ on top of the year-15 balance — model your own amount above.
How SSY works — two phases
- Phase 1 (years 1–15): Deposit ₹250–₹1.5L/yr. Each deposit earns 80C and compounds.
- Phase 2 (years 16–21): No fresh deposits — corpus compounds tax-free (often +50–60% to maturity).
- Partial withdrawal: Up to 50% at age 18 for higher education.
- Closure: Full tax-free maturity at 21, or marriage after 18.
When should you open SSY?
- Girl child below 10 — open early to maximise the 15-year deposit window.
- Education or marriage 15+ years out — 21-year lock matches long goals.
- EEE + highest govt rate — beats PPF by ~1% with the same tax treatment.
- Not enough alone for premium goals — pair with an equity SIP for costs that outpace CPI.
FAQ
Sukanya Samriddhi Yojana (SSY) calculator — frequently asked questions
What is the SSY interest rate in 2026?
SSY rates are set quarterly by the Government of India. The rate has been 8.2% p.a. for several quarters — among the highest government-guaranteed rates in India. Verify the current notification before planning.
Does SSY beat inflation?
At 8.2% nominal and ~6% CPI, SSY delivers roughly 2% real p.a. — stronger than PPF or RD. Turn on Apply inflation in the calculator for exact purchasing-power numbers.
What happens after SSY contributions stop?
You deposit for 15 years but the account matures at 21 years. In the 6 silent years, the full corpus compounds tax-free with no fresh deposits — often adding 50–60% to maturity value.
How much will ₹1.5 lakh per year in SSY give after 21 years?
At 8.2% p.a., ₹1.5L/year for 15 years then 6 years silent growth gives approximately ₹69.3L tax-free maturity on ₹22.5L invested. After 6% inflation over 21 years, real value is roughly ₹21L in today's rupees.
Is SSY better than PPF?
For a girl-child goal, SSY usually wins: 8.2% vs 7.1%, same EEE treatment, sovereign guarantee. PPF is more flexible at maturity for general use. Compare PPF maturity with the same annual contribution.
Can SSY corpus cover college fees in 2040?
₹69L nominal may cover many Indian universities; premium or overseas education likely needs ELSS or SIP alongside. Model real value with inflation on.
What if I stop contributing before 15 years?
Account continues earning on existing balance until year 21 — no fresh deposits, no 80C in skipped years. Use the contribution-years slider to model.
SSY vs ELSS for girl child?
SSY for guaranteed tax-free base; ELSS SIP for growth. A 60/40 or 70/30 blend over 21 years is common. Use the SIP calculator for the equity leg.
Can I open SSY if the girl is above 10?
No — must open before her 10th birthday. Consider PPF or child SIP instead.
Does SSY rate change for existing accounts?
Yes — quarterly revision applies to all accounts. Historical range ~7.6–9.2%; 8.2% is a reasonable base case.