Sukanya Samriddhi calculator
What will a Sukanya Samriddhi account be worth by the time my daughter needs it?
₹250 to ₹1.5 L a year, for the first 15 years only.
An account can only be opened before she turns 10.
Re-declared every quarter. 8.2% is the FY 2024-25 rate — the highest of the small-savings schemes.
₹71,82,127when she is 26
- You deposit
- ₹22,50,000
- Interest, tax-free
- ₹49,32,127
- Available at 18
- ₹17,67,319
- Tax saved a year
- ₹46,800
8.2% is the FY 2024-25 rate — re-declared quarterly, so the real return over 21 years will differ. The account runs 21 years from OPENING, not to her 21st birthday. The figure available at 18 reads that year's balance rather than the preceding year's, so it runs slightly generous.
- Deposited
- Interest
| Her age | Deposited | Interest | Balance |
|---|---|---|---|
| 6 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 7 | ₹3,00,000 | ₹37,909 | ₹3,37,909 |
| 8 | ₹4,50,000 | ₹77,918 | ₹5,27,918 |
| 9 | ₹6,00,000 | ₹1,33,507 | ₹7,33,507 |
| 10 | ₹7,50,000 | ₹2,05,955 | ₹9,55,955 |
| 11 | ₹9,00,000 | ₹2,96,643 | ₹11,96,643 |
| 12 | ₹10,50,000 | ₹4,07,068 | ₹14,57,068 |
| 13 | ₹12,00,000 | ₹5,38,848 | ₹17,38,848 |
| 14 | ₹13,50,000 | ₹6,93,734 | ₹20,43,734 |
| 15 | ₹15,00,000 | ₹8,73,620 | ₹23,73,620 |
| 16 | ₹16,50,000 | ₹10,80,557 | ₹27,30,557 |
| 17 | ₹18,00,000 | ₹13,16,763 | ₹31,16,763 |
| 18 | ₹19,50,000 | ₹15,84,638 | ₹35,34,638 |
| 19 | ₹21,00,000 | ₹18,86,778 | ₹39,86,778 |
| 20 | ₹22,50,000 | ₹22,25,994 | ₹44,75,994 |
| 21 | ₹22,50,000 | ₹25,93,026 | ₹48,43,026 |
| 22 | ₹22,50,000 | ₹29,90,154 | ₹52,40,154 |
| 23 | ₹22,50,000 | ₹34,19,847 | ₹56,69,847 |
| 24 | ₹22,50,000 | ₹38,84,774 | ₹61,34,774 |
| 25 | ₹22,50,000 | ₹43,87,825 | ₹66,37,825 |
| 26 | ₹22,50,000 | ₹49,32,127 | ₹71,82,127 |
A Sukanya Samriddhi account is a girl-child deposit at the post office or a bank: you pay in for fifteen years, it compounds for twenty-one, and then the whole balance is hers, untaxed. The awkward part is that none of those numbers line up with her life — the account matures twenty-one years from the day you open it, not on her twenty-first birthday, and you stop depositing six years before it pays out. Put in what you can spare a year and the age she is now, and this says what the passbook reads on maturity, how much of that you actually paid in, and what half the balance comes to at eighteen if college cannot wait.
A worked example
A daughter aged 3. You commit ₹1,00,000 a year — a little over ₹8,000 a month — at 8.2% — the FY 2024-25 rate our rate table carries, from the Ministry of Finance’s quarterly small-savings notification. It is re-declared every quarter, so check the current one and type that in. Set the three fields above to those and the page returns:
- ₹47,88,077 on maturity, when she is 24
- of which ₹15,00,000 is yours — fifteen deposits, then nothing
- and ₹32,88,077 is interest, none of it taxed
- ₹14,91,996 available at eighteen, if half of it has to come out for a degree
- ₹15,00,000 What you deposited — 15 years of ₹1,00,000
- ₹32,88,077 Interest, tax-free
Two-thirds of the maturity figure is interest, and most of that arrives after you stop paying in.
The last six years do the heavy lifting. At the end of year fifteen — she is eighteen, you have written your final cheque — the balance is ₹29,83,992. You add nothing after that, and it still grows to ₹47,88,077. Those six idle years earn ₹18,04,085, which is more than everything you deposited. That is the argument for opening the account early rather than for depositing more: a year of delay is a year clipped off the end, where the compounding is worth the most.
Fifteen years of paying, twenty-one years of waiting
Years from the date of opening — which is what the scheme counts, not her birthdays.
The rate is not a promise
The rate on this scheme is re-declared every quarter by the Ministry of Finance along with the other small-savings rates. Twenty-one years at one number is a convenience, not a forecast. Move the rate field and the maturity figure moves a lot:
Six-tenths of a percentage point is ₹3,92,690 — a quarter of everything you put in.
What this number does not include
It assumes you pay on 1 April
The scheme credits interest on the lowest balance in the account between the close of the fifth day of a month and the month end, and pays it at the end of the financial year. A single deposit made early in April therefore earns for all twelve months; the same money paid monthly, or in March, earns far less. This projection deposits once at the start of each year, which is the best case.
Twenty-one years of inflation
Every figure here is in today’s rupees at face value and none of it is discounted. ₹47.88 lakh in the mid-2040s does not buy a mid-2040s degree the way ₹47.88 lakh buys one now. Judge it against what a course actually costs then, not against today’s fee.
The tax saving assumes the old regime and the top slab
The ₹31,200 shown is one year’s deposit at the 30% slab plus 4% cess. If you file under the new default regime in section 115BAC there is no 80C deduction and the real figure is zero; on a lower slab it is proportionately less; and the ₹1,50,000 ceiling is shared with EPF, insurance premiums, ELSS and tuition fees.
The money stops being yours
The account is in her name and you operate it only until she turns eighteen, after which she does. On maturity the balance is paid to her. This is not a family emergency fund with a good rate on it — it is a twenty-one-year lock-in on money you have handed to someone else.
A missed year makes the account irregular
Fifteen years is a long run of remembering. Fall short of the ₹250 minimum in any year and the account is irregular until you pay the arrears plus the ₹50-per-year penalty. This projection assumes fifteen deposits made on time, every time.
Where to go next
The honest comparison is against the other two things this money could do. The PPF calculator runs the same sovereign, tax-free, 80C shape but with a fifteen-year lock you control and no rule about who the money belongs to. The SIP calculator is what an equity fund over the same twenty-one years looks like — no guarantee, no lock, and capital gains tax at the end, but a horizon this long is the only place equity is uncontroversially the better tool. And before you count the tax break at all, the income tax calculator will tell you whether the regime you file under gives you an 80C deduction to claim.
How much do I have to put in a Sukanya Samriddhi account each year?
At least ₹250 and at most ₹1,50,000 in a financial year, in any number of instalments — those are the floor and ceiling in the Sukanya Samriddhi Account Scheme, 2019. Miss the ₹250 in any year and the account is treated as irregular; it is revived by paying the ₹250 for each defaulted year plus a ₹50 penalty per defaulted year. The ceiling is per account, and the deposit obligation runs for fifteen years from opening, not for the full twenty-one.
Does the account mature when my daughter turns 21?
No, and this is the most common misreading of the scheme. It matures twenty-one years from the date of opening. Open one for a three-year-old and it matures when she is twenty-four; open one the week she is born and it matures at twenty-one. An account can only be opened before she turns ten, so the maturity age is somewhere between twenty-one and thirty-one depending entirely on when you got round to it. She can also close it earlier on marriage, any time after she is eighteen.
Can I take money out before it matures?
Up to half of it, once. The scheme allows a partial withdrawal of up to 50% of the balance at the end of the preceding financial year, after she turns eighteen or passes class ten, whichever is earlier — and it is meant for her education, with the fee demand as proof. The figure this calculator shows for eighteen reads that year's closing balance rather than the previous year's, so treat it as a shade generous. Otherwise the money is locked; premature closure is allowed only in narrow cases such as the death of the account holder or a medical emergency, and on some grounds it pays only savings-account interest.
Is Sukanya Samriddhi interest taxable?
No. The deposit is deductible under section 80C, and both the interest and the maturity amount are exempt — the scheme is one of the few genuinely exempt-exempt-exempt options left. But the 80C deduction only exists if you file under the old regime; under the new default regime in section 115BAC there is no 80C, so the tax-saved figure on this page becomes zero for you. It also shares the ₹1,50,000 80C ceiling with your EPF, life insurance premiums, ELSS and school fees, so a full ₹1.5 lakh deposit is often not a full ₹1.5 lakh of fresh deduction.
How many Sukanya Samriddhi accounts can one family have?
Two — one per girl child, capped at two accounts in a family. A third is allowed where twins or triplets are born, on a declaration supported by a medical certificate. Each account carries its own ₹1,50,000 annual ceiling, so a family with two daughters can deposit up to ₹3,00,000 a year across them, though the 80C deduction is still capped at ₹1,50,000 in total.
This page starts from typical figures. In Hundo the same calculator opens on your own — the loan, the deposit, the salary already on the ledger — and says where each number came from.