Sukanya Samriddhi Calculator
Maturity value of your daughter's SSY account at her 21st birthday. EEE tax-free, currently 8.2%, the highest small-savings rate in India.
Your numbers
Your result
Depositing ₹50,000 a year for 15 years gives your daughter ₹18.9 lakh tax-free on her 21st birthday. Total deposit: ₹7.5 lakh. Tax-free interest earned: ₹11.4 lakh. The highest tax-adjusted return available from any government instrument in India today.
- Total you deposit
- ₹7.5 lakh
- Interest earned (tax-free)
- ₹11.4 lakh
- Maturity at age 21
- ₹18.9 lakh
- Years until maturity
- 18 years
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PPF for the boy / for yourself
SSY is daughters-only. For sons or for your own retirement, PPF is the closest equivalent at 7.1%. Run both.
Open it
Rules in one paragraph
One account per daughter, two daughters max per family. Open before she turns 10. Deposit minimum ₹250 to maximum ₹1.5 lakh per year, for 15 years from account opening. Account matures on her 21st birthday OR on marriage after age 18 (whichever earlier). Partial withdrawal (50 percent of prior-year balance) allowed after age 18 for higher education. Fully closed only at marriage (post-18) or maturity. 80C deduction on deposit, tax-free interest, tax-free maturity.
Where to open it
- Any India Post office (most common, easiest).
- Authorised PSU banks: SBI, PNB, Bank of Baroda, Canara, Union Bank.
- Authorised private banks: HDFC, ICICI, Axis (limited branches).
Documents: birth certificate of daughter, PAN + Aadhaar of parent/guardian, address proof. ₹250 cash for first deposit.