Sukanya Samriddhi Yojana interest calculation can be easily done using the Sukanya Samriddhi Yojana calculator. For deposits of Rs. 1,000 per month for 15 years in Sukanya Samriddhi Yojana, you get a total maturity amount of approximately Rs. 5.39 lakh, on total deposits of just Rs. 1.8 lakh — that’s over 3x your money.
Sukanya Samriddhi Yojana is one of the best scheme you can open for your girl child with latest interest rate of 8.2% for quarter July to September 2026. You can open Sukanya Samriddhi Yojana scheme in post office and calculate interest on Rs. 1000 monthly deposits.
Know more about Sukanya Samriddhi Yojana details below.
- ₹1000 Sukanya Samriddhi Yojana Interest Calculation Details Video
- Sukanya Samriddhi Yojana Details
- SSY Interest Rate History (Last 2 Years)
- Sukanya Samriddhi Yojana Eligibility
- Sukanya Samriddhi Yojana benefits & Rules
- How many years need to pay for Sukanya Samriddhi Yojana?
- Interest you will get after 21 years with Rs. 1000 per month deposits
- SSY Maturity Amount for Different Monthly Deposits
- How to get Maximum Interest in Sukanya Samriddhi Yojana?
- Frequently Asked Questions
- Can I open an SSY account for my daughter after she turns 10?
- What happens if I stop depositing before 15 years?
- Can I transfer an SSY account to a different city or bank?
- Is SSY better than a mutual fund SIP for my daughter’s future?
- Can both parents claim Section 80C deduction on the same SSY account?
- Conclusion
- Income Tax Calculator App – FinCalC
Watch below video to understand Sukanya Samriddhi Yojana Interest Calculation.
₹1000 Sukanya Samriddhi Yojana Interest Calculation Details Video
Watch more Videos on YouTube Channel
The above video shows that with just Rs. 1000 monthly deposits in Sukanya Samriddhi Yojana for next 15 year, you can get Rs. 5.39 Lakh after 21 years (including 6 years of cooling period). We have assumed that you will get an interest rate of 8.2% consistently in Sukanya Samriddhi Yojana over the entire tenure.
Sukanya Samriddhi Yojana Details
- Sukanya Samriddhi Yojana (SSY) is a savings scheme launched back in 2015 as a part of Government initiative Beti Bachao, Beti Padhao campaign
- The current interest rate in Sukanya Samriddhi Yojana is 8.2% for July to September 2026 quarter
- You get monthly interest and Yearly compounding in Sukanya Samriddhi Account
- This can help you to accumulate huge corpus over long term of 21 years in Sukanya Scheme
SSY Interest Rate History (Last 2 Years)
SSY has held steady at 8.2% for two years now — here’s the recent trend:
| Quarter | SSY Interest Rate |
|---|---|
| Jul–Sep 2026 | 8.2% |
| Apr–Jun 2026 | 8.2% |
| Jan–Mar 2026 | 8.2% |
| Oct–Dec 2025 | 8.2% |
| Jul–Sep 2025 | 8.2% |
| Apr–Jun 2025 | 8.2% |
| Jan–Mar 2025 | 8.2% |
| Oct–Dec 2024 | 8.2% |
SSY and SCSS currently share the highest interest rate among all government-backed small savings schemes, which is 8.2% interest rate per year.
Sukanya Samriddhi Yojana Eligibility
It is very important to understand whether you are eligible to open Sukanya Samriddhi Yojana account for your girl child. Below are certain conditions:
- If your girl child is below 10 years of age, you can open Sukanya Samriddhi Yojana account for her
- Maximum of 2 accounts can be opened for 2 girl childs
- Third account cannot be opened for third girl child
- Account is opened for total of 21 years or before girls marriage, whichever is lower
- You need to deposit for 15 years, next 6 years is considered as cooling period
ALSO READ: Rs. 1000 PPF Interest Calculation for 15 years
Sukanya Samriddhi Yojana benefits & Rules
- SSY enjoys EEE (Exempt-Exempt-Exempt) tax status — your deposits qualify for a deduction under Section 80C (up to Rs. 1.5 lakh/year, available only under the Old Tax Regime), the interest earned is completely tax-free, and the maturity amount is also tax-free. Note that under the new Income-tax Act, 2025, this deduction is now numbered Section 123, though the rules remain the same.
- Minimum Rs. 1000 can be invested in one financial year (April to March)
- Maximum investment of Rs. 1,50,000 can be made in one financial year (April to March)
- If the minimum amount of Rs 250/- is not deposited in any financial year, a penalty of Rs 50/- will be charged
- Deposits in an account can be made till completion of 15 years, from the date of opening of the account
- The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage
- Passbook will be issued to customers
- Withdrawal Facility
- To meet the financial requirements of the account holder for the purpose of higher education and marriage, account holder can avail partial withdrawal facility after attaining 18 years of age.
- If the beneficiary is married before maturity of account, account has to be closed.
- Monthly interest is calculated and compounding frequency is annual
- You can open a maximum of 2 accounts in a family
ALSO READ: Save Income Tax using various Tax saving options
How many years need to pay for Sukanya Samriddhi Yojana?
Total number of years you need to deposit in Sukanya Samriddhi Yojana account is 15 years. For next 6 years, you don’t have to deposit any amount and you continue earning interest amount on your deposits.
So the maturity period of Sukanya Samriddhi Yojana account is 21 years, or the date of marriage of the girl, whichever is lower.
Use below Sukanya Samriddhi Yojana calculator to know your interest:
Interest you will get after 21 years with Rs. 1000 per month deposits
Let us now see how much interest you will get on Rs. 1000 monthly deposits in Sukanya Samriddhi Yojana account for 21 years.
Below is the screenshot of calculations:
As seen above, there are various columns that include:
- Total Deposits: Deposits we make every year in Sukanya Samriddhi Yojana
- Balance: This shows the balance in Sukanya Samriddhi Yojana account after the end of that year
- Interest: Interest amount earned in that specific year
We can see that total of Rs. 5.39 lakh is the maturity amount after 21 years in Sukanya Samriddhi Yojana account when we consistently deposit Rs. 1000 in the account for 15 years.
We can also see the interest amount earned for the years between 16 to 21 without deposits. Total interest earned in Sukanya Samriddhi Yojana account is tax free.
SSY Maturity Amount for Different Monthly Deposits
Here’s what your maturity corpus looks like at different monthly deposit levels, assuming you deposit consistently for 15 years at 8.2% interest:
| Monthly Deposit | Total Deposits (15 years) | Approx. Maturity Value (21 years) |
|---|---|---|
| Rs. 500 | Rs. 90,000 | Rs. 2.70 Lakh |
| Rs. 1,000 | Rs. 1.80 Lakh | Rs. 5.39 Lakh |
| Rs. 3,000 | Rs. 5.40 Lakh | Rs. 16.17 Lakh |
| Rs. 5,000 | Rs. 9.00 Lakh | Rs. 26.95 Lakh |
| Rs. 12,500 (maximum) | Rs. 22.50 Lakh | Rs. 67.38 Lakh |
If you’re planning for a specific goal, like a daughter’s college education or wedding, use this table to reverse-engineer roughly how much you will need to deposit monthly today.
How to get Maximum Interest in Sukanya Samriddhi Yojana?
You get maximum interest in Sukanya Samriddhi Yojana account by depositing maximum amount of Rs. 1.5 lakh at the start of financial year, which means between 1st April to 5th April.
This will help you to get maximum interest amount in Sukanya Samriddhi Yojana account every month and compounding will be done every year after the end of March month.
Frequently Asked Questions
Can I open an SSY account for my daughter after she turns 10?
No. The account must be opened before the girl child turns 10 years old. There’s no exception to this rule.
What happens if I stop depositing before 15 years?
Your account won’t close, but it becomes irregular. You can revive it by paying the minimum Rs. 250 deposit for each missed year, plus a Rs. 50 penalty per missed year. If not revived, the account still earns interest but stays inactive for fresh deposits.
Can I transfer an SSY account to a different city or bank?
Yes, SSY accounts can be transferred anywhere in India — between post offices, between banks, or between a post office and a bank — free of cost, in case of relocation.
Is SSY better than a mutual fund SIP for my daughter’s future?
SSY offers guaranteed, tax-free returns with zero market risk, currently at 8.2%. A mutual fund SIP carries market risk but has historically delivered higher long-term returns. Many parents use a mix of both — SSY for guaranteed safety, and SIP for growth potential.
Can both parents claim Section 80C deduction on the same SSY account?
No. The Rs. 1.5 lakh Section 80C limit is shared across all your 80C investments combined (PPF, ELSS, life insurance, etc.), not per scheme. Only one parent (whoever is the account holder/depositor) can claim the deduction for a given deposit.
Conclusion
Sukanya Samriddhi Yojana interest calculation can be easily done using the online calculator or excel calculator above. You can accumulate total maturity amount of approx. Rs. 5.39 lakh in Sukanya Samriddhi Yojana with just Rs. 1000 monthly deposits consistently for 15 years.
We have considered fixed interest rate of 8.2% throughout the tenure for simplicity of calculation purpose. The interest rate in Sukanya Samriddhi Yojana is subjected to change after review in every quarter by Government of India.
Some more Reading:
- PPF vs Mutual Funds Which is Better?
- Rs. 1000 SIP vs RD Calculations
- 3 Post Office Schemes with High Returns
- Rs. 10,000 FD Interest Calculation for 10 Years
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