🧮 Interactive Calculator Workbench
📊 21-Year Compound Accumulation Schedule
| Year | Deposit Added | Interest Gained (8.2%) | Cumulative Deposit | Closing Balance |
|---|
How Sukanya Samriddhi Yojana Works — Step by Step
Visit your nearest post office or authorised bank branch (SBI, PNB, etc.) with your daughter's birth certificate, guardian Aadhaar and address proof.
Deposit a minimum of ₹250 up to ₹1,50,000 per financial year. You must deposit for at least 15 consecutive years.
Interest at 8.2% p.a. is compounded annually. No action needed — just don't withdraw.
Once your daughter turns 18, up to 50% of balance can be withdrawn for higher education.
Account matures 21 years from the date of opening. Full balance (principal + interest) is paid to the account holder.
Frequently Asked Questions
No. Only one SSY account is allowed per girl child. Parents can open accounts for a maximum of two daughters (three in case of twins/triplets).
The account becomes irregular. You must pay a penalty of ₹50 per year missed, along with the minimum deposit of ₹250, to reactivate it.
No. SSY enjoys full EEE (Exempt-Exempt-Exempt) tax status — deposit qualifies for 80C deduction, interest is tax-free, and maturity is tax-free.
Yes. SSY accounts are fully transferable between post offices and banks across India at no cost.
This calculator uses 2026 official government gazette rates and standard financial formulas. Results are highly accurate for planning purposes. Always confirm final numbers with the respective bank, insurer, or government portal before making financial commitments.
No. All PolicyVani calculators are 100% free, require no registration, no login, and no personal data.