Eligibility
A guardian can open one account for a girl below age 10. Family account limits and permitted exceptions also apply; this calculator does not determine full eligibility. Only 1 April 2024, 2025 or 2026 openings are modelled here.
SSY (Sukanya)
Illustrative maturity balance₹23,94,036
Maturity year2047
Girl's age22y
Deposits31.3%
- Deposits₹7,50,000
- Interest₹16,44,036
Scheme details & suitability
Brief
A government-backed savings scheme for the girl child.
Tenure
21 years from opening, or marriage closure from age 18.
Eligibility
Parents or guardians of a girl child below age 10.
Min investment₹250 per year
Max investment₹1,50,000 per year
Interest rate8.2% · Oct–Dec 2026
Tax benefitEEE, per scheme rules · 80C deduction
Tax on incomeExempt, per scheme rules
Withdrawal rulesUp to 50% for education after 18 or class 10; marriage closure from 18
Pros
- Government-backed, sovereign guarantee
- High notified interest rate
- Tax-free interest, per scheme rules
Cons
- 21-year lock-in to maturity
- One account per girl child
- Future notified rates may change
Financial-year credits (₹)
| Credit date | Opening | Deposits | Interest credit | Closing |
|---|---|---|---|---|
| 31 Mar 2027 | ₹0 | ₹50,000 | ₹4,100 | ₹54,100 |
| 31 Mar 2028 | ₹54,100 | ₹50,000 | ₹8,536 | ₹1,12,636 |
| 31 Mar 2029 | ₹1,12,636 | ₹50,000 | ₹13,336 | ₹1,75,972 |
| 31 Mar 2030 | ₹1,75,972 | ₹50,000 | ₹18,530 | ₹2,44,502 |
| 31 Mar 2031 | ₹2,44,502 | ₹50,000 | ₹24,149 | ₹3,18,651 |
| 31 Mar 2032 | ₹3,18,651 | ₹50,000 | ₹30,229 | ₹3,98,880 |
| 31 Mar 2033 | ₹3,98,880 | ₹50,000 | ₹36,808 | ₹4,85,688 |
| 31 Mar 2034 | ₹4,85,688 | ₹50,000 | ₹43,926 | ₹5,79,614 |
| 31 Mar 2035 | ₹5,79,614 | ₹50,000 | ₹51,628 | ₹6,81,242 |
| 31 Mar 2036 | ₹6,81,242 | ₹50,000 | ₹59,962 | ₹7,91,204 |
| 31 Mar 2037 | ₹7,91,204 | ₹50,000 | ₹68,979 | ₹9,10,183 |
| 31 Mar 2038 | ₹9,10,183 | ₹50,000 | ₹78,735 | ₹10,38,918 |
| 31 Mar 2039 | ₹10,38,918 | ₹50,000 | ₹89,291 | ₹11,78,209 |
| 31 Mar 2040 | ₹11,78,209 | ₹50,000 | ₹1,00,713 | ₹13,28,922 |
| 31 Mar 2041 | ₹13,28,922 | ₹50,000 | ₹1,13,072 | ₹14,91,994 |
| 31 Mar 2042 | ₹14,91,994 | ₹0 | ₹1,22,344 | ₹16,14,338 |
| 31 Mar 2043 | ₹16,14,338 | ₹0 | ₹1,32,376 | ₹17,46,714 |
| 31 Mar 2044 | ₹17,46,714 | ₹0 | ₹1,43,231 | ₹18,89,945 |
| 31 Mar 2045 | ₹18,89,945 | ₹0 | ₹1,54,975 | ₹20,44,920 |
| 31 Mar 2046 | ₹20,44,920 | ₹0 | ₹1,67,683 | ₹22,12,603 |
| 31 Mar 2047 | ₹22,12,603 | ₹0 | ₹1,81,433 | ₹23,94,036 |
Calculation rules and sources
Rule version C19-SSY-2019-2026-10-09. Source check: 9 October 2026.
Covered case: regular deposits in a new account opened on 1 April 2024, 2025 or 2026; child aged under 10 at opening. Other opening dates are unavailable pending review of partial financial years and maturity-month interest. This does not determine full account eligibility.
In this equal-deposit model, deposits are made on the opening-date anniversary at the selected monthly, quarterly or yearly interval for 15 years. Each modelled deposit is at least ₹250 and a multiple of ₹50. The scheme permits subsequent deposits in ₹50 multiples, subject to its ₹250–₹1,50,000 financial-year range; unequal deposits are not modelled. No deposits from the fifteenth anniversary onward.
Interest accrues monthly on the lowest balance after close of the fifth day through month-end; these deposits are on the first. Interest credits on 31 March, rounded to the nearest rupee with 50 paise rounded up. Maturity is the opening date plus 21 years, after the preceding financial year's credit.
Notified path: 8.2% through 31 December 2026; later months use your explicitly entered constant future scenario rate. Constant illustration: your rate applies throughout and is not a notified scheme return. Future rules and rates can change.
No tax benefit, education withdrawal, early closure, default regularisation, existing balance, residency change or account-count eligibility is modelled. Confirm eligibility and account terms with the provider. Not personal financial or tax advice.
Deposit limits
The opening deposit is at least ₹250; later deposits may be in ₹50 multiples. Deposit at least ₹250 and no more than ₹1,50,000 in each financial year during the first 15 years. This equal-deposit model starts at ₹250 per deposit and allows up to ₹12,500 monthly, ₹37,500 quarterly or ₹1,50,000 yearly.
Tax treatment
The NSI overview describes an 80C deduction and tax-free interest. Your applicable tax-year rules, regime, limits and eligibility are not verified here; no deduction, exemption or tax saving is calculated. Confirm current treatment before relying on a benefit.
Withdrawals and closure
For education, §8 permits up to 50% of the preceding financial-year-end balance after age 18 or passing class 10, whichever is earlier, subject to documentary and actual-fee limits. §9 permits qualifying marriage closure at age 18 or above. Neither withdrawal nor early closure is modelled; this projection assumes no withdrawals and maturity at 21 years.
Potential advantages
The 15-year deposit window supports regular long-term saving, with annual interest credits continuing toward 21-year maturity. The scheme also allows conditional education access. These features are not a recommendation or a promise of future returns.
Trade-offs
Access before maturity is conditional, deposits have an annual cap, and future notified interest rates may change. The projected maturity is sensitive to your assumed future rate and excludes tax, missed deposits and withdrawals.
NSI · SSY 2019 §§3–5, 8–9 (effective 12 December 2019)
NSI · notified rates, January 2024–September 2026
Illustrative estimate only. Not financial advice. Actual outcomes may differ.