Quick answer
Sukanya Samriddhi Yojana pays 8.2% a year, tax-free. You deposit for 15 years, and the account matures 21 years after opening. Investing the maximum ₹1.5 lakh a year gives about ₹71,82,119 at maturity on deposits of ₹22.5 lakh.
Key takeaways
- Current rate: 8.2% p.a. for Oct–Dec 2026 (Q3 FY 2026-27). The government resets it every quarter.
- Open the account before the girl turns 10. You can open one per daughter, up to two daughters (three with twins).
- From age 18, you can withdraw 50% for higher education.
- Minimum deposit is ₹250 a year. Missing it attracts a ₹50 penalty.
How SSY maturity is calculated
Deposits are made for the first 15 years. For the remaining 6 years, the balance keeps earning interest with no new deposits. Interest compounds yearly.
Frequently asked questions
What is the SSY interest rate in 2026?
8.2% per year for Oct–Dec 2026 (Q3 FY 2026-27), among the highest of all small savings schemes.
What happens if I invest ₹1,000 a month in SSY?
₹12,000 a year for 15 years at 8.2% grows to about ₹5,74,570 at maturity.
Is SSY tax-free?
Yes. It is EEE: deposits qualify for 80C in the old regime, and interest and maturity are tax-free under both regimes.
Sources & methodology
Formulas follow the standard methods used by Indian banks, fund houses and government schemes. Rates and tax rules were checked against official sources on 1 October 2026. Read our methodology.
This calculator gives an estimate for planning purposes. Actual returns, tax and eligibility depend on your situation and on product terms. It is not financial advice.