Sukanya Samriddhi Yojana (SSY) is a government savings scheme for girl children offering 8.2% interest and EEE tax status. Use our free SSY Calculator to project maturity, partial withdrawal at 18, and year-by-year growth. Part of our Complete Salary & Tax Guide for India.
What Is SSY?
SSY is a government-backed scheme for girl child education and marriage expenses. It currently offers 8.2% per annum (Q1 FY2026-27), compounded annually with interest credited on 31 March each year.
SSY Eligibility and Account Opening
The girl child must be below 10 years at account opening. Maximum two SSY accounts per family (one per girl child). Parents or legal guardians can open the account at post offices or authorised banks.
Investment Limits
Minimum ₹250 per year, maximum ₹1,50,000 per year. Deposits are mandatory for 15 years from account opening. Missing a year incurs a penalty of ₹50 per year of default.
SSY Interest Calculation
Interest is calculated on the lowest balance between the 5th and last day of each month, credited annually on 31 March. The rate is reviewed quarterly by the government.
Partial Withdrawal at 18
After the girl turns 18, up to 50% of the balance at the end of the previous financial year can be withdrawn for higher education expenses.
Account Maturity at 21
Full withdrawal and account closure at 21 years from opening, or earlier on marriage after age 18 (subject to conditions). After year 15, no new deposits are made but interest continues to compound.
SSY vs PPF vs FD
SSY wins on rate (8.2% vs PPF 7.1%) and EEE status, but has a longer lock-in until age 18/21. Compare with PPF Calculator and NPS Calculator. Guide: PPF calculator guide.
Frequently Asked Questions
What is the current SSY interest rate in 2026?
The Sukanya Samriddhi Yojana interest rate for Q1 FY2026-27 (April–June 2026) is 8.2% per annum, compounded annually. The rate is reviewed each quarter by the government and has remained at 8.2% since January 2024.
How long do I need to deposit in SSY?
Deposits are required for 15 years from the date of account opening. After 15 years, no new deposits are made but the existing balance continues to earn interest until maturity at 21 years from account opening (or until the girl's marriage after age 18, whichever is earlier).
When can I withdraw from SSY?
Partial withdrawal of up to 50% of the balance at the end of the previous financial year is allowed after the girl turns 18, for educational purposes. Full withdrawal and account closure occurs at 21 years from account opening, or on the girl's marriage (subject to conditions) after she turns 18.
Is SSY better than PPF for girl child savings?
SSY currently offers a higher interest rate (8.2%) than PPF (7.1%), and both offer EEE tax status. SSY is specifically for girl children with a 21-year lock-in, while PPF has a 15-year lock-in and can be extended. If you're saving specifically for a daughter's education and marriage corpus, SSY is generally better due to the higher rate and purpose-alignment.