Sukanya Samriddhi Yojana (SSY) Calculator 2026-27
Updated: 3 June 2026 | Rate: 8.2% p.a. (Q1 FY 2026-27) | Section 80C & EEE Tax Status
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child. Interest rate: 8.2% per annum (Q1 FY 2026-27, compounded annually). Account can be opened for girls below 10 years of age. Minimum deposit: ₹250/year; Maximum: ₹1,50,000/year. Lock-in: account matures 21 years from opening (or on marriage after 18). Deposits only required for the first 15 years. EEE tax status — investment deductible under Section 80C, interest tax-free, maturity amount fully exempt.
8.2%
SSY interest rate — Q1 FY 2026-27 (April–June 2026).
Compounded annually. Interest credited on 31 March each year. One of the highest rates among small savings schemes. Reviewed quarterly by the government.
Compounded annually. Interest credited on 31 March each year. One of the highest rates among small savings schemes. Reviewed quarterly by the government.
SSY Maturity Calculator
Enter yearly deposit, girl's current age and interest rate to compute total investment, interest earned, and maturity amount (at 21 years from account opening).
Min ₹250 — Max ₹1,50,000 per year
Account open for girls below 10 years
Current rate: 8.2% (Q1 FY 2026-27)
SSY Key Facts — FY 2026-27
| Parameter | Details |
|---|---|
| Current Interest Rate | 8.2% p.a. (Q1 FY 2026-27) |
| Interest Compounding | Annually (credited 31 March) |
| Minimum Deposit | ₹250 per year |
| Maximum Deposit | ₹1,50,000 per year |
| Deposit Period | 15 years from account opening date |
| Account Maturity | 21 years from account opening date |
| Eligibility | Girl child below 10 years of age (resident Indian) |
| Who Can Open | Natural or legal guardian of the girl child |
| Max Accounts per Family | 2 accounts (one per girl child); 3 allowed in case of twins/triplets |
| Tax Status | EEE — Investment (Sec 80C), Interest (Sec 10(11A)), Maturity: all exempt |
| Section 80C Deduction | Yes — up to ₹1,50,000 per year (combined with other 80C investments) |
| Partial Withdrawal | Up to 50% of balance after girl turns 18, for education/marriage |
| Premature Closure | Allowed on marriage after girl turns 18; also on death or extreme compassionate grounds after 5 years |
SSY vs PPF — Side-by-Side Comparison
| Feature | Sukanya Samriddhi Yojana (SSY) | Public Provident Fund (PPF) |
|---|---|---|
| Interest Rate | 8.2% p.a. | 7.1% p.a. |
| Deposit Period | 15 years from account opening | 15 years (mandatory lock-in) |
| Maturity | 21 years from opening (or marriage after 18) | 15 years; extendable in 5-year blocks |
| Minimum Deposit | ₹250/year | ₹500/year |
| Maximum Deposit | ₹1,50,000/year | ₹1,50,000/year |
| Eligibility | Girl child below 10 years only | Any resident Indian (adult or minor) |
| Tax Status | EEE | EEE |
| Section 80C | Yes — up to ₹1.5L | Yes — up to ₹1.5L |
| Partial Withdrawal | 50% after girl turns 18, for education/marriage | Partial from 7th year (once/year, any purpose) |
| NRI Eligible? | No | No (can continue existing account till maturity) |
| Best For | Long-term savings specifically for girl child | General long-term tax-free savings for anyone |
SSY offers a 1.1% higher interest rate than PPF (8.2% vs 7.1%), making it significantly more rewarding over the 21-year horizon for girl child savings.
Where to Open a Sukanya Samriddhi Account
SSY accounts can be opened at any Post Office (India Post) or at authorised branches of the following banks:
India Post (Post Office)
State Bank of India (SBI)
HDFC Bank
ICICI Bank
Axis Bank
Bank of Baroda
Punjab National Bank
Canara Bank
Union Bank of India
Bank of India
Central Bank of India
Indian Bank
Major private sector banks (HDFC, ICICI, Axis) also offer online SSY account opening via net banking and mobile apps with paperless KYC.
Frequently Asked Questions
What is the SSY interest rate for 2025-26 / 2026-27?
The Sukanya Samriddhi Yojana (SSY) interest rate for Q1 FY 2026-27 (April–June 2026) is 8.2% per annum, compounded annually. The government reviews SSY interest rates quarterly. Historically, SSY has offered one of the highest interest rates among small savings schemes. The rate was 8.0% in FY 2023-24 and was revised to 8.2% from January 2024 onwards. Interest is credited to the account at the end of each financial year.
Can an NRI open a Sukanya Samriddhi account?
No. Non-Resident Indians (NRIs) are not eligible to open a Sukanya Samriddhi Yojana account. The account can only be opened by a resident Indian parent or legal guardian for a girl child who is a resident Indian. If the account holder (girl) becomes an NRI after the account is opened, the account must be closed immediately. Proceeds will be paid out without interest from the date of the change in residential status.
How to open a Sukanya Samriddhi account online?
You can open an SSY account online through major banks such as SBI, HDFC Bank, ICICI Bank, Axis Bank, and others via their net banking portals or mobile apps. The process typically involves: (1) Log in to net banking, go to "Accounts" or "Open new account" section; (2) Select Sukanya Samriddhi Yojana; (3) Enter the girl child's details (name, date of birth, Aadhaar); (4) Upload KYC documents (birth certificate, guardian's Aadhaar and PAN); (5) Set initial deposit amount (minimum ₹250); (6) Account is activated. You can also open an account at any post office by filling Form-1 and submitting physical documents.
Can I withdraw from SSY before maturity?
Partial withdrawals are allowed after the girl turns 18 years of age (or after completion of Class 10), for the purpose of higher education or marriage expenses. The maximum partial withdrawal is 50% of the account balance as of the previous financial year end. Full premature closure is permitted only on the girl's marriage after she turns 18 years. In case of death of the account holder, the account can be closed and the balance is paid to the guardian/nominee. Closure for financial hardship of the guardian is also possible under specific circumstances after 5 years from account opening.
What are the tax benefits of Sukanya Samriddhi Yojana?
SSY enjoys full EEE (Exempt-Exempt-Exempt) tax status — the best possible tax treatment in India: (1) Investment/Contribution: Deposits qualify for Section 80C deduction up to ₹1,50,000 per year (combined with other 80C investments); (2) Interest Earned: The annual interest credited to the account is fully exempt from income tax under Section 10(11A); (3) Maturity Amount: The entire maturity amount (principal + interest) is 100% tax-free. This EEE status makes SSY one of the most tax-efficient savings instruments available, especially for long-term girl child financial planning.
Related Pages
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