Calculator
SSY calculator
The highest-rate small-savings scheme, for your daughter. Tax-free at every step.
Deposits for 15 years only; the account then compounds untouched till maturity at 21 years. Girl child under 10; one account per child, two max.
Maturity (21 yrs) ₹71.82 L (₹22.50 L deposits + ₹49.32 L interest)
Hover any bar for the yearly breakup. Current rate 8.2% (Q2 FY2026-27). SSY is EEE — deposits get 80C, interest and maturity are tax-free. Max ₹1.5L/year.
What this calculator answers
₹1,50,000 deposited every year for 15 years in SSY matures at about ₹71,82,119 at the end of 21 years at 8.2% — ₹22,50,000 of deposits and ₹49,32,119 of interest. Enter the yearly deposit to project the maturity.
How it is calculated
Deposits run for 15 years but the account matures at 21: the yearly deposit is added at the start of each of the first 15 years, and the balance compounds annually at 8.2% for all 21 years.
Rate default 8.2% (Q2 FY2026-27), and the ₹1,50,000 annual deposit cap means the slider stops there.
Common questions
Why do deposits stop at 15 years but maturity is at 21?
The scheme requires deposits for 15 years and then lets the balance keep compounding until the account matures at 21 years, which is why the interest is more than twice the deposits.
Is the SSY maturity tax-free?
SSY is exempt-exempt-exempt for qualifying contributions and withdrawals, and the deposits count towards the ₹1.5 lakh 80C cap.
Can the money be used before 21 years?
Partial withdrawal for higher education is permitted under the scheme's conditions and there are defined cases for closure. This projection assumes the full 21-year term.
Source & freshness
- Source
- Deterministic formula in lib/calculators.ts
- Timeliness
- Static-verified
- Method
- calculated
- Note
- Illustrative projection from your inputs — not a market quote.