What is the SSY interest rate for 2026 and how is it calculated?

The Sukanya Samriddhi Yojana (SSY) interest rate for Q1 FY 2026-27 (April–June 2026) is 8.2% per annum, compounded annually. The interest is calculated on the minimum balance between the 5th and the last day of each calendar month, and credited to the account at the end of each financial year (31 March). This means deposits made before the 5th of a month earn interest for that entire month. SSY rate is reviewed and announced by the government each quarter — it has remained at 8.2% since Q1 FY 2023-24. SSY currently offers the highest interest rate among all government-backed small savings schemes.

How to calculate Sukanya Samriddhi Yojana maturity with age?

SSY maturity depends on the girl child's age at account opening. The account matures when the girl turns 21 years old. You must deposit for only 15 years (from account opening) even though the account runs for 21 years — the remaining 6 years earn interest with no new deposits. Example: Account opened when girl is 5 years old. Account runs for 21−5 = 16 more years (matures when she turns 21). Deposits made for 15 years. The final 1 year earns interest without deposits. Total interest earned in the 6 non-deposit years (years 16–21 of the scheme) can be very significant due to the large corpus accumulated.

What is the minimum and maximum deposit in SSY per year?

Minimum deposit: ₹250 per year (reduced from ₹1,000 in 2016). Maximum deposit: ₹1,50,000 per year. Deposits must be made for 15 years from account opening. After 15 years, no new deposits are allowed but the account continues to earn interest at the prevailing rate until maturity (girl turns 21). If minimum deposit of ₹250 is not maintained in a year, the account becomes irregular and a penalty of ₹50 is charged. The account can be revived by paying ₹50 penalty plus the minimum deposit for all missed years.

Can SSY account be opened in SBI or only Post Office?

SSY accounts can be opened at both Post Offices and authorised banks. Banks authorised to open SSY accounts: SBI (State Bank of India), Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank, Union Bank of India, Indian Bank, UCO Bank, Central Bank of India, and all public sector banks. Private banks: ICICI Bank, Axis Bank, HDFC Bank are also authorised. The interest rate is the same (8.2% p.a.) regardless of where the account is held — Post Office or SBI or any other authorised bank. Account can be transferred between Post Office and banks if needed.

What are the tax benefits of Sukanya Samriddhi Yojana?

SSY has EEE (Exempt-Exempt-Exempt) tax status — the best possible tax treatment: (1) Contributions up to ₹1.5 lakh per year are deductible under Section 80C. (2) Interest earned every year is completely tax-free — no tax even when accumulated over 21 years. (3) Maturity amount is completely tax-free on withdrawal. This EEE status makes SSY superior to FDs (interest taxable), NSC (Year 5 interest taxable), and even PPF (though PPF also has EEE). The combination of 8.2% interest + EEE tax status makes SSY the best guaranteed investment for the girl child's future.

When can I withdraw money from SSY account?

Full withdrawal: Only on maturity when the girl turns 21, or on marriage after age 18. Partial withdrawal (50%): After the girl turns 18, for higher education expenses — maximum 50% of the balance as of the previous financial year end. This 50% withdrawal for education is interest-free and can be taken in instalments (up to 5 years). Premature closure: Allowed after 5 years in extreme cases — death of account holder (girl), life-threatening disease, or change in citizenship/residence status. Normal premature closure after 5 years is not permitted — the account continues with interest at applicable rate.

What is the maturity amount in SSY if I invest ₹1.5 lakh per year?

If you invest the maximum ₹1,50,000 per year for 15 years in SSY at 8.2% p.a. compounded annually: Total investment = ₹1,50,000 × 15 = ₹22,50,000. Maturity amount (at girl's age 21) ≈ ₹69–72 lakh (depending on girl's age at opening and exact deposit dates). The interest earned in the 6 years after deposits stop (years 16–21 of scheme) alone can exceed ₹20–25 lakh — illustrating the power of compound interest on a large accumulated corpus. Every rupee of this ₹69–72 lakh is completely tax-free.

Can I open SSY for two girl children?

Yes — SSY accounts can be opened for a maximum of two girl children per family. If twins or triplets are born as the second birth, accounts can be opened for all twins/triplets (maximum 3 accounts in case of twin girls as second birth). Conditions: The girl child must be below 10 years of age at account opening. Only one account per girl child is allowed. A parent/legal guardian can operate the account until the girl turns 18, after which she operates it herself. NRI girl children are NOT eligible for SSY — the scheme is only for resident Indian girl children.

SSY Calculator 2026 — Sukanya Samriddhi Yojana Calculator with Age & Year-Wise Balance

Calculate your daughter's Sukanya Samriddhi Yojana maturity amount at Post Office or SBI. Enter girl's current age and annual deposit — see year-wise corpus, interest, and maturity year instantly.

🌸 SSY Rate: 8.2% p.a. (Q1 FY 2026-27) ✅ EEE — Triple Tax-Free 📋 Deposit for 15 Years | Account Runs 21 Years 🏠 Post Office & SBI — Same Rate 📈 Year-Wise Balance Table

SSY Calculator Post Office 2026

Your Daughter's SSY Maturity Amount

Enter your daughter's current age and annual deposit. Calculator shows maturity amount when she turns 21, along with year-wise balance and tax savings.

🌸 Girl Child Details

Daughter's Current Age (years)5 yrs

0 yrs (Newborn)9 yrs (Max age to open)

🌸 Deposits for 15 years | Account matures in 2041 (when she turns 21) | Non-deposit interest years: 1

💸 Deposit Details

Annual Deposit Amount (₹)₹1.50 L

₹250 (Min)₹1,50,000 (Max)

✅ Section 80C: Annual deposit of ₹1,50,000 qualifies for 80C deduction. Tax saved @ 30% slab = ₹46,800/yr

📈 Interest Rate

SSY Interest Rate (% p.a.)8.20%

6.0%10.0%

📌 Current rate: 8.2% p.a. (Q1 FY 2026-27, April–June 2026). Reviewed quarterly by Govt. of India. Compounded annually, credited on 31 March.

🌸 Maturity Amount (When She Turns 21)

₹0

Maturity Year: — | EEE Tax-Free

✅ EEE Status — 80C Savings: ₹0 | Interest: Tax-Free | Maturity: Tax-Free

0% interest %

Total Deposits Interest Earned

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B.E. | MBA Finance | NISM Certified | 7+ Years in Finance

📋 SSY Year-Wise Balance — SBI / Post Office Calculator (Max Deposit ₹1.5L, Age 5)

Complete year-by-year growth of SSY account at maximum deposit of ₹1,50,000/year, starting when girl is 5 years old, at 8.2% p.a. compounded annually. Green rows = deposit years; Grey rows = interest-only years.

Year	Girl's Age	Annual Deposit (₹)	Interest Earned (₹)	Closing Balance (₹)	Phase

Year-wise table updates based on your inputs above. Interest calculated at 8.2% p.a. compounded annually on closing balance. Deposits stop after 15 years but interest continues until maturity (age 21). Partial withdrawal of 50% allowed after girl turns 18 for higher education.

🌸 SSY Maturity Amount by Girl's Age — ₹1.5L Annual Deposit @ 8.2%

Maturity amount at maximum deposit varies by the girl's age when account is opened. Earlier you open, more interest years and higher maturity. Start as early as possible.

Girl's Age at Opening	Account Duration	Deposit Years	Non-Deposit Years	Total Deposited	Maturity Amount	Interest Earned
0 yrs (Newborn)	21 yrs	15 yrs	6 yrs	₹22.50 L	₹74.59 L	₹52.09 L
1 yr	20 yrs	15 yrs	5 yrs	₹22.50 L	₹68.89 L	₹46.39 L
2 yrs	19 yrs	15 yrs	4 yrs	₹22.50 L	₹63.59 L	₹41.09 L
3 yrs	18 yrs	15 yrs	3 yrs	₹22.50 L	₹58.65 L	₹36.15 L
4 yrs	17 yrs	15 yrs	2 yrs	₹22.50 L	₹54.06 L	₹31.56 L
5 yrs	16 yrs	15 yrs	1 yr	₹22.50 L	₹49.79 L	₹27.29 L
6 yrs	15 yrs	15 yrs	0 yrs	₹22.50 L	₹45.82 L	₹23.32 L
7 yrs	14 yrs	14 yrs	0 yrs*	₹21.00 L	₹40.72 L	₹19.72 L
8 yrs	13 yrs	13 yrs	0 yrs*	₹19.50 L	₹35.92 L	₹16.42 L
9 yrs	12 yrs	12 yrs	0 yrs*	₹18.00 L	₹31.39 L	₹13.39 L

* When the account matures at age 21 before completing 15 deposit years (girls aged 7+), the deposit period = account duration. E.g., girl aged 7: account runs 14 years (until she turns 21), so only 14 deposit years. A newborn vs 9-year-old: ₹74.59L vs ₹31.39L — the 9 extra years of compounding (not extra deposits — same 15 years of maximum deposit in both cases) add ₹43.20L. Opening SSY on the day your daughter is born is the single best financial decision for her future.

⚖ SSY vs PPF vs FD vs ELSS — Which is Best for Girl Child?

Comparing ₹1.5L/year invested in different instruments over 15 years for your daughter's future. SSY wins on guaranteed returns + tax treatment for girl child planning.

🌸 Best for Girl Child

🌸

SSY (Sukanya Samriddhi)

8.2%

🔒 Till age 21 | 15-yr deposit

EEE — Triple Tax-Free

🏠

PPF (Public Provident Fund)

7.1%

🔒 15 years (extendable)

EEE — Triple Tax-Free

📈

ELSS Mutual Fund

12–15%*

🔒 3-year lock-in

LTCG 12.5% above ₹1.25L

🏠

5-Year Tax-Saving FD

6.5–7.5%

🔒 5 years per FD

Interest fully taxable

📋

NSC (National Savings Cert.)

7.7%

🔒 5 years

Year 5 interest taxable

🍽

Child ULIPs / Endowment

4–6%*

🔒 10–20 years

Maturity tax-free (if conditions met)

🌸 Pocket Wealth Verdict: SSY at 8.2% EEE is unbeatable for a guaranteed, risk-free girl child plan — 1.1% higher rate than PPF, same EEE status, and government-backed. Combine SSY (for guaranteed base) + ELSS SIP (for potential market upside) for a balanced daughter's future plan. Avoid child ULIPs — their insurance + investment mix typically delivers poor returns vs pure-play SSY + term insurance combination.

💡 4 Smart SSY Strategies to Maximise Your Daughter's Corpus

SSY is already the best guaranteed instrument — but these four moves make it even more powerful.

🌸

Deposit Before 5th of April — Earn Interest from Day 1 of FY

SSY interest is calculated on the minimum balance between the 5th and the last day of each month. If you deposit after the 5th of a month, you lose a full month's interest. Depositing the full ₹1.5L before April 5th each year earns interest on the entire amount from April onwards — maximising the annual interest. At 8.2% on ₹1.5L, one month's lost interest = ₹1,025. Over 15 years of consistent late deposits, you could lose ₹15,000–₹20,000 in interest. Set a standing instruction or reminder for 1st April every year.

🏠

Open SSY on Your Daughter's Birth — Even Before Hospital Discharge

SSY opened at birth (0 years) matures with ₹74.59L vs SSY opened at age 5 maturing at ₹49.79L — a difference of ₹24.8L from the same ₹22.5L total investment. The extra ₹24.8L comes purely from 5 extra years of compounding at 8.2% — zero additional investment needed. Many Post Offices allow SSY account opening with the birth certificate before the child's official Aadhaar is issued. Don't wait — open within days of birth and deposit the first year's ₹1.5L immediately.

📋

Use the 50% Partial Withdrawal for Education — Strategically

After your daughter turns 18, you can withdraw up to 50% of the SSY balance (as of previous March 31) for her higher education without closing the account. The remaining 50% continues earning 8.2% until maturity at 21. Strategy: if graduation costs ₹10–15L, the 50% withdrawal covers it while the other half continues compounding for 3 more years for her post-graduation, marriage, or startup. Plan education timeline around this — using the 50% provision is far better than breaking the account prematurely.

✅

Claim 80C Every Year — ₹46,800 Annual Tax Saving

The full ₹1.5L annual SSY deposit qualifies for Section 80C deduction under the Old Tax Regime. At 30% slab: ₹1.5L × 31.2% = ₹46,800 saved in tax every year for 15 years = ₹7,02,000 total tax saved over the deposit period. This makes SSY's effective cost much lower than the face-value deposit — you're investing ₹1.5L but the government refunds ₹46,800 via reduced TDS. Your net cost per year is only ₹1,03,200 while ₹1.5L works in the account. Remember to declare SSY to your employer's payroll for TDS adjustment.

❓ SSY Calculator — Frequently Asked Questions

Most searched SSY questions for 2026 — answered with exact numbers.

The SSY interest rate for Q1 FY 2026-27 (April–June 2026) is 8.2% per annum, compounded annually.

How SSY interest is calculated:
• Interest is calculated on the minimum balance between 5th and last day of each calendar month
• Credited to account on 31 March each year
• Compounded annually (not monthly like EPF)

Implication: If you deposit ₹1,50,000 on 3rd April, the entire ₹1.5L earns interest for the full month of April. If you deposit on 7th April, you lose the April interest — only March's minimum balance (which was ₹0 for new accounts) counts for April.

The rate is reviewed every quarter by the Ministry of Finance. SSY has maintained 8.2% since Q1 FY 2023-24 — the highest rate among all government small savings schemes including PPF (7.1%), NSC (7.7%), and Senior Citizen Savings Scheme (8.2%).

SSY maturity calculation with age:

Account Duration = 21 − Girl's Age at Opening
Deposit Period = Minimum of (15 years, Account Duration)
Non-Deposit Years = Account Duration − Deposit Period

Examples:
• Age 0 (newborn): Account runs 21 yrs | Deposits 15 yrs | Interest-only 6 yrs | Maturity: ₹74.59L
• Age 5: Account runs 16 yrs | Deposits 15 yrs | Interest-only 1 yr | Maturity: ₹49.79L
• Age 9: Account runs 12 yrs | Deposits 12 yrs | Interest-only 0 yrs | Maturity: ₹31.39L

Maturity formula (annual compounding):
Year-end balance = Previous balance × (1 + 0.082) + Annual deposit
Applied for deposit years, then balance × (1.082) for non-deposit years.

The calculator above runs this year-by-year for your exact inputs and generates the full year-wise table.

SSY accounts can be opened at both Post Offices and authorised banks — the interest rate is identical (8.2%) regardless of where held.

Authorised banks for SSY:
Public Sector Banks: SBI, Bank of Baroda, Bank of India, Canara Bank, PNB, Union Bank, Indian Bank, UCO Bank, Central Bank, Bank of Maharashtra, Indian Overseas Bank, Punjab & Sind Bank
Private Banks: ICICI Bank, Axis Bank, HDFC Bank
Post Offices: All India Post Office branches

Online vs Offline:
• SBI: SSY account manageable via internet banking/YONO app (deposits online)
• Post Office: Most branches require physical visit for deposits (India Post Payment Bank has limited digital access)
• Most parents prefer SBI for convenience of online deposits

Account can be transferred between any authorised institution if needed.

SSY has EEE (Exempt-Exempt-Exempt) tax status — the highest possible:

E1 — Investment: Annual deposit up to ₹1,50,000 is deductible under Section 80C. Tax saved: ₹46,800/year at 30% slab. Over 15 deposit years: ₹7,02,000 total tax saved.

E2 — Interest: All interest earned annually (8.2% p.a.) is completely tax-free. No TDS, no reporting needed. Even ₹25–30 lakh of accumulated interest over 21 years is fully exempt.

E3 — Maturity: The full maturity amount (e.g., ₹74.59L at maximum deposit) is completely tax-free on withdrawal.

Compare this to FD (interest fully taxable), NSC (Year 5 interest taxable), or even ELSS (LTCG tax on gains above ₹1.25L). SSY's EEE status + 8.2% guaranteed rate makes it unmatched for government-backed girl child planning.

SSY deposit rules:

Minimum: ₹250 per year (reduced from ₹1,000 in 2016)
Maximum: ₹1,50,000 per year
Deposit frequency: Can be monthly, quarterly, or lump sum — minimum ₹50 per deposit
Deposit period: 15 years from account opening

If you miss the minimum deposit:
Account becomes "irregular." Penalty: ₹50 per year of default. To revive: pay ₹50 × missed years + ₹250 minimum for each missed year. The account can be revived any time before maturity.

Maximum deposit per family: ₹1.5L per year per girl child. If you have two daughters with separate SSY accounts, you can deposit ₹1.5L in each = ₹3L/year, but 80C deduction is still limited to ₹1.5L total across all 80C investments.

Deposits above ₹1.5L in a year: excess is returned without interest.

SSY withdrawal rules:

Full maturity withdrawal (age 21): Entire amount withdrawn tax-free. Account closes automatically. Can be withdrawn before maturity for marriage after age 18 — with marriage certificate.

Partial withdrawal (50% for education):
• Available after girl turns 18 years old
• Maximum: 50% of balance as on the previous March 31
• Purpose: Higher education expenses only
• Can be taken in instalments (up to 5 annual withdrawals or 1 lump sum)
• No interest charged — it's your own money
• Remaining 50% continues earning 8.2% until maturity

Premature closure (before maturity):
• Only allowed in 3 cases: (1) Girl child's death, (2) Life-threatening disease, (3) Change of residency/citizenship (NRI status)
• Regular premature closure is NOT allowed — the account continues with interest at the applicable rate even after deposits stop

At ₹1,50,000/year (maximum), at 8.2% p.a., here's the maturity amount by girl's age at opening:

• Age 0 (Newborn): 21-year account → ₹74.59 lakh (deposit ₹22.5L, earn ₹52.09L interest)
• Age 1: → ₹68.89 lakh
• Age 2: → ₹63.59 lakh
• Age 3: → ₹58.65 lakh
• Age 4: → ₹54.06 lakh
• Age 5: → ₹49.79 lakh
• Age 6: → ₹45.82 lakh
• Age 9: → ₹31.39 lakh

Total 80C tax savings over 15 years (30% slab): ₹7,02,000
Net effective investment (after tax savings): ₹22.5L − ₹7.02L = ₹15.48L
Return on net effective investment: ₹74.59L on ₹15.48L = 4.82× your post-tax cost

🌸 Your Daughter Deserves the Best Financial Start

SSY secures the guaranteed base — but a complete daughter's future plan combines SSY (for the risk-free corpus) with ELSS SIP (for market-linked growth) and term insurance (to protect her future if something happens to you). Vikash Royal will design a personalised plan for your daughter's education, marriage, and financial independence. SEBI-Registered. ARN: ARN-356458

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