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Sukanya Samriddhi Calculator

Sukanya Samriddhi Calculator

What will your daughter's SSY account be worth at 21?

₹
%
yrs
%
Maturity value
₹0
Total deposited
₹0
over the 15 deposit years
Interest earned
₹0
completely tax-free
In today's money
₹0
Like PPF, SSY is fully EEE — the maturity figure above is already the post-tax figure. No TDS, no tax on interest, no tax at maturity.
How the maturity value breaks down

Assumes the full deposit is made at the start of each financial year (best case for interest), compounded annually. Deposits run for 15 years from opening; the account then keeps compounding without deposits and matures 21 years from opening (or on the girl's marriage after 18). Up to 50% can be withdrawn at 18 for higher education. The rate is set by the government each quarter — this calculator can't track it live, so check the current rate before relying on the exact figure.

Tax: deposits qualify for 80C (old regime, within the shared ₹1.5L limit), interest accrues tax-free, and the entire maturity is tax-free — one of only a handful of EEE instruments left, and at a rate consistently above PPF's. Under the new regime you lose the 80C deduction but keep the tax-free interest and maturity. The account can be opened for up to two daughters (₹1.5L/yr limit applies per account).

What to work out next

Post-tax Yield Comparator

FD vs debt fund vs equity fund vs PPF/SSY, ranked after tax.

FD vs Debt Mutual Fund Calculator

Guaranteed slab-rate tax, or market-linked slab-rate tax.

Inflation Calculator

See what today's rupee is worth years from now.

TDS Calculator

Work out the TDS a bank deducts on your FD/RD interest.

Emergency Fund Calculator

Size your safety net and see how fast you can build it.

PPF Calculator

See what your PPF account grows to at maturity.

Frequently asked questions

Is a fixed deposit still worth it compared to other options?

It depends on your goal -- fixed deposits offer safety and a guaranteed return, which suits short-term goals or emergency funds, but their returns often barely keep pace with inflation after tax. For long-term goals, market-linked options have historically outperformed fixed deposits, at the cost of guaranteed safety.Read more: Your NBFC Fixed Deposit Has Zero Government Insurance — Unlike a Bank FD

What's the difference between simple and compound interest?

Simple interest is calculated only on the original principal for the entire period. Compound interest is calculated on the principal plus any interest already earned, so the amount it's calculated on grows over time. Compounding produces a meaningfully larger result the longer the money is invested.Read more: Breaking Your FD Early Costs More Than the Penalty Alone

How much emergency fund should I keep?

A common guideline is 3-6 months of essential expenses in an easily accessible account, though this varies by job stability, dependents, and other safety nets available to you. It should be liquid and low-risk, not invested for growth, since the point is availability when you need it, not returns.Read more: FD Real Returns After Tax and Inflation: The Number Your Bank Never Shows You

Are savings account returns taxable?

Generally, yes -- interest earned is typically taxable as regular income, though some jurisdictions offer a small exemption threshold on savings interest specifically. Check the current rule where you file, since this is one of the more frequently adjusted thresholds.Read more: Your NBFC Fixed Deposit Has Zero Government Insurance — Unlike a Bank FD

Estimates only, not financial advice. See our Disclaimer.