RupeeKit Logo
Savings

Sukanya Samriddhi Yojana (SSY) Calculator 2026

Project a new or existing SSY account using the correct account-opening timeline: deposits for 15 years and maturity after 21 years. The 8.2% default is an editable Jul-Sep 2026 assumption, not a lifetime guarantee.

Written and reviewed by RupeeKit Editorial TeamLast reviewed 24 August 2026Report a correction

Official update: Jul-Sep 2026 small-savings rates

Tested calculation v2026-08-17.1Primary sources checked 2026-08-24Inputs processed in your browser
Indian parents planning long-term education savings for their young daughter
Indian parents planning long-term education savings for their young daughter

Educational estimate only

Results can vary based on company policy, lender terms, tax law, and personal assumptions.

See the Source and methodology section below for details.

Term follows account opening date, not the child's 21st birthday

Deposits are permitted for 15 years from account opening and the account matures after 21 years from opening. Child age is used only to check opening eligibility.

Account timeline and deposit plan

Projected maturity from today

Projected maturity amount

₹23,94,040

Constant 8.2% planning assumption

Future deposits

₹7,50,000

15 deposit years remaining

Projected interest from today

₹16,44,040

Maturity minus today's balance and future deposits

Time remaining

21 years

Until 21 years from account opening

The projection assumes one deposit at the beginning of each remaining scheme year and a constant annual rate. Actual SSY interest is government-notified and can change quarterly, so this is not a guaranteed maturity value.

Opening eligibility

Before age 10

Age validates whether a new account could be opened; it does not shorten the 21-year account term.

Deposit window

15 years from opening

After that, the balance can continue earning applicable scheme interest until maturity.

Tax note

80C where applicable

A contribution may qualify within the overall Section 80C limit under the applicable tax regime. No automatic tax saving is claimed here.

Calculation version: 2026-08-17.1Facts checked: 2026-08-24Privacy: values stay in this browser

Share this calculator scenario

Copy a permalink that restores the current inputs. Shared parameter URLs are kept out of search indexing and canonicalize to the base calculator.

The link contains only the values you explicitly entered. RupeeKit does not send those values as analytics event parameters.

SSY Rules and 8.2% Rate — Jul-Sep 2026

Quick Answer

How does Sukanya Samriddhi Yojana work in 2026? For the July-September 2026 quarter, the notified SSY rate is 8.2% p.a. An account is opened for a girl before age 10, deposits can be made for 15 years from opening, and maturity is 21 years from opening. The annual deposit range is ₹250 to ₹1.5 lakh. Future quarterly interest rates can change.

Formula

Projection = current balance grown for remaining term + each future annual deposit compounded to the 21-year maturity date.

Example

Example: a new account opened when the girl is 5 with ₹50,000 deposited each year is modelled for 15 deposit years and then allowed to continue until 21 years from account opening. At a constant 8.2% planning assumption the calculator shows an illustrative maturity value; actual SSY rates are reset by government from time to time.

Rate and scheme rules verified 24 August 2026 from India Post / National Savings Institute. Educational projection only.

Answer Engine Summary

This calculator estimates Deposit years from account opening, Maturity age, Years to maturity, and Total amount deposited using Girl child's current age, Annual deposit amount, and SSY interest rate. Remaining deposit years = max(15 − completed account years, 0). Results are educational estimates only and should be verified with official records, lender statements, payroll data, or filing utilities where applicable.

SSY maturity by account age and annual deposit

Use completed years since account opening to calculate the remaining 15-year deposit window and 21-year maturity term. Child age checks opening eligibility only; it does not determine maturity.

  • Use account age 0 and current balance 0 for a new account.
  • For an existing account, enter the latest passbook balance so historical credited rates are preserved.
  • The 8.2% default is checked for Jul-Sep 2026 and remains editable because rates can change quarterly.
  • Review future deposits and projected interest separately; no fixed 80C tax saving is assumed.

Formula used

Remaining deposit years = max(15 − completed account years, 0). Remaining maturity years = max(21 − completed account years, 0). Starting with the current balance, the model adds the planned deposit at the beginning of each remaining deposit year and applies the entered annual interest assumption through the 21st year from account opening.

Example calculation

For a new account, the model allows 15 annual deposits and projects maturity 21 years after opening regardless of whether the girl was age 1, 5 or 9 at opening. For an existing account, enter completed account years and the current passbook balance.

How to use this calculator

  1. Enter the girl's completed age when the account was opened to validate eligibility.
  2. Enter completed years since account opening; use zero for a new account.
  3. For an existing account, enter the latest passbook balance.
  4. Enter the annual amount planned for each remaining deposit year.
  5. Use 8.2% for the Jul-Sep 2026 assumption or enter another scenario.
  6. Review remaining deposit years, remaining term, deposits and projected interest separately.

Important assumptions

  • The account was validly opened before the girl attained age 10.
  • Deposits continue only through 15 years from account opening.
  • Maturity is modelled at 21 years from account opening.
  • One planned deposit is added at the beginning of each remaining scheme year.
  • The entered interest rate stays constant for projection only; actual rates can change quarterly.
  • The current balance for an existing account accurately captures prior deposits and credited interest.

Common mistakes to avoid

  • Calculating maturity as 21 minus the girl's current age.
  • Stopping deposits when the girl turns 15 instead of 15 years from account opening.
  • Projecting an existing account without entering its current balance.
  • Treating 8.2% as guaranteed for the entire remaining term.
  • Claiming a fixed 80C tax saving without checking regime and remaining limit.

The SSY clock starts on the account-opening date

Opening is permitted before the girl attains age 10. Once opened, the scheme uses an account timeline: deposits for 15 years and maturity after 21 years. The calculator therefore asks for account age rather than subtracting the child's age from 21.

How to project a new versus existing SSY account

For a new account, use zero completed account years and zero current balance. For an existing account, use the latest passbook balance and completed years since opening. This preserves the effect of historical quarterly rates already credited to the account.

Source and Methodology

Last reviewed: 24 August 2026

Deposit and maturity terms come from the Sukanya Samriddhi Account Scheme published by the National Savings Institute. The default 8.2% rate is checked against the official Jul-Sep 2026 small-savings table. Calculation version 2026-08-17.1 tests new and existing accounts, the 15-year deposit cut-off and 21-year maturity.

Calculation version: 2026-08-17.1 · Facts checked: 2026-08-24

Next review trigger: Quarterly small-savings rate notification or amendment to Sukanya Samriddhi Account Scheme rules.

Educational estimate only. RupeeKit does not provide personalized financial, investment, legal, tax or loan advice.

Who can open an SSY account and how many accounts are allowed?

A guardian can open the account in the name of a girl child before she attains age 10. Only one SSY account can be opened for one girl child, and the scheme generally permits accounts for up to two girl children in a family, subject to the scheme's exceptions for multiple births.

15 years of deposits versus 21 years to maturity

These are two different timelines. Deposits are permitted for 15 years from the account-opening date, but the account normally matures after 21 years from that same opening date. The child turning 21 is not the maturity rule. After the deposit window ends, the balance can continue to earn the applicable notified SSY rate until maturity.

Partial withdrawal and premature closure

The scheme allows withdrawal of up to 50% of the eligible preceding-year balance for specified education needs after the account holder reaches age 18 or passes Class 10, subject to the scheme conditions and documentation. Premature closure is limited to permitted situations; marriage-related closure is available after age 18 under the scheme rules.

SSY tax treatment and Section 80C

Eligible SSY contributions can fall within the overall Section 80C deduction framework where the taxpayer uses a regime that permits the deduction. RupeeKit does not treat the deposit as an automatic tax saving because the benefit depends on the taxpayer's applicable regime, total 80C usage and current law.

Related calculators and guides

You can cross-check this estimate using: PPF calculator for a rules-and-term comparison, SIP calculator for a market-linked goal scenario, salary in-hand calculator, Old vs New Tax Regime Calculator, 80C deduction calculator, EMI calculator, ITR-2 filing guide, emergency fund guide.

When this tool is useful

  • When you want a fast estimate before making a financial or salary decision.
  • When you want to compare different assumptions in seconds.
  • When you want to understand the formula behind the result.

Calculator Facts

TopicRupeeKit explanation
Opening eligibilityAccount must be opened before the girl attains age 10
Deposit period15 years from the date of account opening
Maturity21 years from account opening, subject to permitted earlier closure rules
Rate assumption8.2% for Jul-Sep 2026; editable because future quarterly rates can change
Tax boundary80C may apply within the taxpayer's regime and remaining overall limit; no fixed saving is assumed
Rate for Jul-Sep 20268.2% p.a.; small-savings rates are reviewed/notified periodically and future quarters can differ
Opening ageAccount must be opened before the girl attains age 10
Annual depositMinimum ₹250; maximum ₹1.5 lakh per financial year
Deposit windowUp to 15 years from account opening
Partial withdrawalUp to 50% for qualifying education needs after age 18 / Class 10 conditions
Fact checkIndia Post / NSI rules and current rate reviewed 24 August 2026

FAQs

Does SSY mature when the girl turns 21?

The standard maturity rule is 21 years from the date the account was opened, not automatically the girl's 21st birthday. Earlier closure may be permitted for intended marriage after age 18 subject to the scheme conditions.

For how many years can I deposit into SSY?

Deposits may be made until completion of 15 years from account opening. The balance can then continue earning the applicable scheme interest until the account completes its 21-year term.

What is the SSY interest rate for July to September 2026?

The National Savings Institute rate table shows 8.2% for the Sukanya Samriddhi Account Scheme for Jul-Sep 2026. Rates are government-notified and may change for future quarters, so the calculator keeps the projection rate editable.

Why does an existing SSY account need a current balance?

Past deposits earned the rates notified in their respective periods. The latest passbook balance already captures that history. Starting from it avoids pretending one current rate applied throughout the account's past.

Is the SSY deposit automatically an 80C tax saving?

A qualifying contribution can fall within the overall Section 80C limit where that deduction is applicable to the taxpayer's selected regime and circumstances. The calculator does not claim a fixed tax saving because the available limit and tax position vary.

Is SSY always better than PPF?

No blanket comparison is appropriate. SSY is restricted to an eligible girl child and has its own 21-year-from-opening term; PPF is available more broadly and has different extension and withdrawal rules. Compare eligibility, goal timing, access needs and currently notified rates.

Is the SSY 8.2% interest rate fixed for all 21 years?

No. 8.2% is the notified rate used for the July-September 2026 quarter. Government small-savings rates are reviewed periodically, so future SSY rates can rise, fall or remain unchanged.

Do I deposit into SSY for 15 years or 21 years?

Deposits are allowed for 15 years from account opening. The normal maturity date is 21 years from account opening. Those are separate timelines, and the balance can continue earning the applicable scheme rate after deposits stop.

Can money be withdrawn from SSY before maturity?

The scheme permits limited partial withdrawal for qualifying education needs after the account holder reaches the prescribed age/Class 10 condition, and it permits premature closure only in specified cases. Check the current scheme rules and required documents before withdrawing or closing.