Savings for your daughter

Every rupee for her grows with her.Sukanya Samriddhi calculator: savings for your daughter over 21 years.

Sukanya Samriddhi Yojana (SSY) is a government savings scheme for a girl child under 10. Enter what you plan to deposit each year to see what it could grow to by the time the account matures. The government sets the rate every quarter, so the result is an illustration at the rate you enter.

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Sukanya Samriddhi calculator

DepositsInterest
Total deposited–
Interest earned–
Maturity amount–
In today’s money–

Illustration only, at the rates you choose. Check current rates and rules before you decide.

How to use the Sukanya Samriddhi calculator

  1. Enter how much you’ll deposit each year, from ₹250 to ₹1.5 lakh. Deposits are made for the first 15 years.
  2. Check the current SSY rate at your post office or bank. The calculator starts at 8.2%, and you can change it.
  3. Add the inflation you expect, to see what the maturity amount may be worth in today’s money.

How to read your result

Total deposited is your yearly amount multiplied by 15. Interest earned is the growth on top, and the maturity amount is the two together after 21 years. Maturity in today’s money shows what that amount could buy at today’s prices.

For example, ₹1 lakh a year for 15 years is ₹15 lakh deposited. At 8.2%, the maturity amount comes to about ₹47.9 lakh. At 6% inflation, that’s worth about ₹14.1 lakh in today’s money. It still helps a great deal, but college and wedding costs may rise faster than everyday prices.

SSY is one part of planning for a daughter. If her goals are big, you may want money with a chance to grow faster alongside it, like a SIP for her education; mutual fund returns are market-linked, not guaranteed. Try the child education calculator, and see how we help with child education planning.

How the Sukanya Samriddhi calculator works

It assumes you deposit at the start of each year for 15 years, and that interest is added once a year. After the deposits stop, the balance keeps earning interest until the account matures, 21 years after it was opened. P is your yearly deposit, r is the yearly rate (8.2% is 0.082) and f is inflation.

Balance after 15 years = P × ({[1 + r]^15 − 1} ÷ r) × (1 + r); maturity = that balance × (1 + r)^6; today’s money = maturity ÷ (1 + f)^21

FAQ

Common questions

What is a Sukanya Samriddhi calculator?
It shows what your yearly deposits in a Sukanya Samriddhi account could grow to by the time the account matures, at the rate you enter, and what that is worth after inflation.
Who can open a Sukanya Samriddhi account?
A parent or guardian can open one for a girl child under 10, at a post office or an authorised bank. A family can usually open accounts for up to two daughters. Check the current rules before you open one.
What is the current Sukanya Samriddhi interest rate?
The government sets the rate every quarter, so it can change. The calculator starts at 8.2% only as a default. Check the current rate at your post office or bank and enter it.
When can the money be taken out?
The account matures 21 years after it is opened. Once your daughter turns 18, part of the balance can usually be taken out for her higher education, within limits. Check the current rules at your post office or bank.
Does SSY save tax?
Under the old tax regime, deposits count towards Section 80C, and the interest and maturity amount are currently tax-free. The new tax regime doesn’t allow 80C. Tax rules change, so check with your CA.
Do you open Sukanya Samriddhi accounts?
No. SSY accounts are opened at a post office or an authorised bank. This calculator is a planning aid, and our team can help you plan the rest of your daughter’s goals around it.

Keep exploring

See how we helpChild educationA separate SIP for each child’s goal, from school fees to college.FD calculatorSee what your FD pays after tax, and what it’s worth in today’s money.RD calculatorSee what a fixed monthly deposit adds up to at maturity.

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