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Sukanya Samriddhi calculator
The government savings scheme for a daughter’s education and marriage pays 8.2% for October to December 2026, the highest of the small savings schemes, and it is tax-free.
How the account works
- Open it before your daughter turns 10, at a post office or authorised bank. A family can open accounts for up to two daughters.
- Deposit ₹250 to ₹1.5 lakh each financial year for 15 years.
- The account matures 21 years after opening. Interest keeps compounding in the last six years with no deposits.
- Up to half the balance can be withdrawn for higher education after she turns 18.
The maximum ₹1.5 lakh a year for 15 years, ₹22.5 lakh in total, grows to about ₹71.8 lakh at 8.2%. The rate is reset every quarter, so the final figure will vary.
Questions
Is SSY tax-free?
Yes. Interest and the maturity amount are tax-free. Deposits qualify for the Section 80C deduction only under the old tax regime.
What if I miss a year’s deposit?
The account becomes inactive. You can revive it by paying the minimum for each missed year plus a small penalty.
SSY or an equity SIP for her future?
SSY offers certainty and tax-free growth; equity offers higher expected growth with swings. Many parents use both, with SSY as the safe base.