Why does the account run longer than the deposits?

Deposits stop at fifteen years and the account matures at twenty-one. Those six silent years of compounding add a large share of the final corpus.

Is the maturity amount taxable?

No. The scheme is exempt at deposit, at interest and at maturity, which is rare.

Finance & Loansgovt schemesIndia only

Sukanya Samriddhi Yojana Calculator

Sukanya Samriddhi Yojana maturity. Deposits run for fifteen years but the account matures at twenty-one, so the last six years compound with nothing added, which is where a large part of the corpus comes from.

Also called: ssy calculator, sukanya samriddhi yojana.

Maturity value

₹71,82,119

₹71,82,119 when the account matures at age 24, from ₹22,50,000 deposited over 15 years. Interest of ₹49,32,119 is entirely tax free, which is what makes the scheme unusual.

Total deposited

₹22,50,000

Interest earned

₹49,32,119

Age at maturity

Years until maturity

Value at age 18

₹44,75,989

Withdrawable at 18

₹22,37,995

On the rate

Small savings rates are revised quarterly by the government. Check the current quarter rate before relying on this.

How this is calculated

An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.

Method and background

This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.

How this is calculated

Deposits are required for the first fifteen years and the account matures twenty-one years after opening. Those final six years of compounding without contribution are substantial: they roughly double the balance at the rate the scheme has historically paid. The scheme is exempt at all three stages, so deposits qualify for 80C, interest is untaxed and maturity is untaxed, which almost nothing else in India offers. Partial withdrawal of half the balance is permitted at eighteen for education.

deposits for fifteen years, then six more years of compounding with nothing added

d: Annual deposit
r: Rate

Worked examples

Each of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.

the full annual limit from age three

Annual deposit: ₹1,50,000
SSY rate: 8.2%
Age of the girl at opening: 3
Years of deposit: 15

Maturity value₹71,82,119

15 deposits of 1.5 lakh

Open this example

a zero rate returns only the deposits

Annual deposit: ₹1,50,000
SSY rate: 0%
Age of the girl at opening: 3
Years of deposit: 15

Maturity value₹22,50,000

boundary

Open this example

Method and limits

What it assumes

A constant rate across twenty-one years, which will not hold: the rate is revised quarterly.
Deposits made at the start of each year.

What it deliberately does not model

The rate changes quarterly, so a twenty-one year projection at one rate is illustrative only.
Annual deposit limits apply, and the account is per girl child with a limit of two per family.

Formula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator

Frequently asked questions

Why does the account run longer than the deposits?: Deposits stop at fifteen years and the account matures at twenty-one. Those six silent years of compounding add a large share of the final corpus.
Is the maturity amount taxable?: No. The scheme is exempt at deposit, at interest and at maturity, which is rare.