Sukanya Samriddhi Yojana Calculations 2026: Full Details, Interest Formula & Maturity Amount S 2
The Sukanya Samriddhi Yojana (SSY) is one of the most popular small savings schemes introduced by the Government of India to secure the financial future of a girl child. Launched under the Beti Bachao Beti Padhao campaign, SSY offers one of the highest interest rates among government-backed savings schemes, along with tax benefits under Section 80C.
If you are planning long-term savings for your daughter’s education or marriage, understanding Sukanya Samriddhi Yojana calculations is essential. In this detailed blog post, we will cover:
- Interest rate details
- Eligibility rules
- Deposit limits
- Maturity period
- Step-by-step SSY calculation formula
- Year-wise investment examples
- Tax benefits
- Withdrawal rules
- Frequently asked questions
This 2026 updated guide will help you calculate maturity amounts accurately and make informed investment decisions.
What is Sukanya Samriddhi Yojana?
The Sukanya Samriddhi Yojana is a government-backed savings scheme exclusively for girl children below 10 years of age. The account can be opened at:
- Post Offices
- Authorized nationalized banks
It offers:
- High compound interest
- Long-term wealth creation
- Triple tax benefits (EEE category)
- Guaranteed returns (government-backed)
Latest Interest Rate for SSY (2026)
The interest rate for Sukanya Samriddhi Yojana is revised quarterly by the Government of India.
👉 Current interest rate (2026): 8.2% per annum (compounded annually)*
(*Always verify the latest rate before investing.)
Sukanya Samriddhi Yojana Key Features
| Feature | Details |
|---|---|
| Minimum Deposit | ₹250 per year |
| Maximum Deposit | ₹1.5 lakh per year |
| Deposit Period | 15 years |
| Maturity Period | 21 years from account opening |
| Interest Type | Compounded annually |
| Tax Benefit | Section 80C (Up to ₹1.5 lakh) |
Who Can Open SSY Account?
- Girl child below 10 years of age
- Only one account per girl
- Maximum two accounts per family (exceptions for twins)
- Account opened by parent or legal guardian
Sukanya Samriddhi Yojana Calculation Formula
Understanding the SSY maturity calculation helps you estimate how much corpus you can accumulate.
Compound Interest Formula:
[
A = P (1 + r/n)^{nt}
]
Where:
- A = Final maturity amount
- P = Annual investment
- r = Interest rate (8.2% = 0.082)
- n = Number of times interest compounded per year (1 for SSY)
- t = Number of years
Since SSY interest is compounded annually, calculation becomes simpler.
Example 1: Investing ₹50,000 Per Year
- Annual Investment: ₹50,000
- Investment Period: 15 years
- Interest Rate: 8.2%
- Maturity Period: 21 years
Total Investment:
₹50,000 × 15 = ₹7,50,000
Estimated Maturity Amount:
Approximately ₹22–24 lakh
This shows how powerful compound interest is over 21 years.
Example 2: Investing Maximum ₹1.5 Lakh Per Year
- Annual Investment: ₹1,50,000
- Investment Period: 15 years
- Total Investment: ₹22,50,000
Estimated Maturity Amount After 21 Years:
₹65–70 lakh (approx.)
This makes SSY one of the best long-term savings schemes for a girl child.
Year-Wise Growth Illustration (₹1 Lakh Investment Example)
| Year | Annual Deposit | Interest Earned | Total Balance |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹8,200 | ₹1,08,200 |
| 5 | ₹5,00,000 | ~₹1,20,000 | ~₹6,20,000 |
| 10 | ₹10,00,000 | ~₹4,00,000 | ~₹14,00,000 |
| 15 | ₹15,00,000 | ~₹9,00,000 | ~₹24,00,000 |
| 21 | — | — | ~₹45–50 lakh |
(Note: Values are approximate.)
Partial Withdrawal Rules
You can withdraw:
- Up to 50% of balance
- After girl turns 18
- Only for higher education
Documents required:
- Admission proof
- Fee receipt
Maturity Rules
Account matures after 21 years from opening.
However:
- If girl marries after 18, account can be closed
- Premature closure allowed under special conditions
Tax Benefits of SSY
Sukanya Samriddhi Yojana comes under EEE (Exempt-Exempt-Exempt) category:
- Investment eligible under Section 80C (up to ₹1.5 lakh)
- Interest earned is tax-free
- Maturity amount is tax-free
This makes SSY extremely tax-efficient.
How to Open Sukanya Samriddhi Yojana Account?
Step 1:
Visit nearest post office or authorized bank.
Step 2:
Fill SSY account opening form.
Step 3:
Submit documents:
- Girl child birth certificate
- Parent Aadhaar card
- Address proof
- Passport size photos
Step 4:
Deposit minimum ₹250.
Online Deposit Facility
Many banks allow online transfer through:
- Net banking
- Standing instruction
- Auto debit
Always ensure deposit before financial year end to claim tax benefit.
Advantages of Sukanya Samriddhi Yojana
- High guaranteed returns
- Safe government scheme
- Long-term wealth building
- Tax benefits
- Encourages girl child education
Disadvantages
- Long lock-in period
- Cannot deposit beyond ₹1.5 lakh
- Only for girl child
Comparison: SSY vs PPF
| Feature | SSY | PPF |
|---|---|---|
| Interest Rate | Higher | Slightly lower |
| Lock-in | 21 Years | 15 Years |
| Beneficiary | Girl child only | Any citizen |
| Tax Benefit | Yes | Yes |
SSY generally offers better returns for girl-specific savings goals.
Common Mistakes to Avoid
- Missing yearly deposit
- Depositing more than ₹1.5 lakh
- Ignoring maturity rules
- Not tracking interest rate updates
Frequently Asked Questions (FAQs)
1. Can NRIs open SSY account?
No, only resident Indians are eligible.
2. Can both parents open separate accounts?
No, only one account per girl child.
3. What happens if minimum deposit is not made?
Account becomes inactive but can be revived with penalty.
4. Is SSY better than Fixed Deposit?
Yes, due to higher interest and tax benefits.
Is Sukanya Samriddhi Yojana Worth It in 2026?
If you are planning long-term financial security for your daughter, SSY is one of the safest and most rewarding government schemes. With 8%+ interest compounded annually, disciplined investing can generate ₹50–70 lakh corpus by maturity.
Sukanya Samriddhi Yojana is a powerful long-term investment plan designed exclusively for the girl child. With government-backed security, high interest rates, and tax-free maturity, it stands out among small savings schemes in India.
By investing consistently for 15 years and allowing compounding for 21 years, parents can create a substantial fund for education or marriage expenses.
Before investing, always verify the latest interest rates and guidelines from official sources. Long-term discipline and early investment can maximize benefits under SSY.
Sukanya Samriddhi Yojana – How to Apply (Step-by-Step Guide 2026)
If you have a girl child below 10 years of age, you can open a Sukanya Samriddhi Yojana (SSY) account easily through Post Office or authorized banks. Below is the complete beginner-friendly step-by-step process.
Where Can You Apply?
You can open SSY account at:
- Any Post Office in India
- Authorized banks like:
- State Bank of India
- Canara Bank
- Bank of Baroda
- Punjab National Bank
- And other government-approved banks
OFFLINE METHOD (Most Common & Easy)
Step 1: Visit Nearby Post Office or Bank
Go to your nearest post office or authorized bank branch.
Step 2: Ask for SSY Application Form
Request the Sukanya Samriddhi Yojana Account Opening Form.
You can also download the form online from the bank website and fill it in advance.
Step 3: Fill the Application Form Carefully
You must fill:
- Girl child name
- Date of birth
- Parent/guardian name
- Address
- Aadhaar number
- Initial deposit amount
Double-check spelling and date of birth before submission.
Step 4: Attach Required Documents
Submit photocopies of:
- ✅ Girl child Birth Certificate (Mandatory)
- ✅ Parent Aadhaar Card
- ✅ Address Proof
- ✅ Passport Size Photos
Carry original documents for verification.
Step 5: Deposit Minimum ₹250
You can deposit:
- Minimum: ₹250 per year
- Maximum: ₹1.5 lakh per year
Payment can be made via:
- Cash
- Cheque
- Demand Draft
Step 6: Receive Passbook
After verification:
- Account will be opened
- You will receive SSY Passbook
- Account number will be mentioned
Keep passbook safely.
ONLINE DEPOSIT METHOD (After Account Opening)
Currently, account opening is mostly offline, but deposits can be made online in many banks.
Steps for Online Deposit:
- Login to your bank net banking
- Add SSY account as beneficiary
- Transfer amount
- Keep transaction receipt
You can also enable:
- Auto debit
- Standing instruction
Important Rules to Remember
- Deposit every year to keep account active
- Deposit for 15 years only
- Account matures after 21 years
- 50% withdrawal allowed after girl turns 18 (for education)
Common Mistakes to Avoid
- Not depositing minimum ₹250 yearly
- Wrong birth certificate details
- Exceeding ₹1.5 lakh annual limit
- Missing passbook updates
Quick Checklist Before Applying
✔ Girl child below 10 years
✔ Valid birth certificate
✔ Aadhaar card ready
✔ Initial deposit amount
✔ Parent signature
Final Advice
Opening Sukanya Samriddhi Yojana account is simple and takes about 20–30 minutes at a bank or post office. The earlier you open the account, the higher the maturity amount due to compound interest.