Maturity value, interest and year-by-year growth.
Depositing ₹1,000 a month (₹12,000 a year) in Sukanya Samriddhi Yojana for 15 years at 8.2% gives a maturity amount of about ₹5,74,570 after 21 years — completely tax-free.
Assumes the yearly amount is deposited at the start of each financial year. The SSY rate is set by the government each quarter (8.2% at the time of writing).
| SSY rate | Maturity amount |
|---|---|
| 7.6% | ₹5,27,446 |
| 8% | ₹5,58,407 |
| 8.2% | ₹5,74,570 |
| 8.5% | ₹5,99,702 |
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹12,000 | ₹984 | ₹12,984 |
| 2 | ₹12,000 | ₹2,049 | ₹27,033 |
| 3 | ₹12,000 | ₹3,201 | ₹42,233 |
| 4 | ₹12,000 | ₹4,447 | ₹58,681 |
| 5 | ₹12,000 | ₹5,796 | ₹76,476 |
| 6 | ₹12,000 | ₹7,255 | ₹95,731 |
| 7 | ₹12,000 | ₹8,834 | ₹1,16,565 |
| 8 | ₹12,000 | ₹10,542 | ₹1,39,108 |
| 9 | ₹12,000 | ₹12,391 | ₹1,63,499 |
| 10 | ₹12,000 | ₹14,391 | ₹1,89,889 |
| 11 | ₹12,000 | ₹16,555 | ₹2,18,444 |
| 12 | ₹12,000 | ₹18,896 | ₹2,49,341 |
| 13 | ₹12,000 | ₹21,430 | ₹2,82,771 |
| 14 | ₹12,000 | ₹24,171 | ₹3,18,942 |
| 15 | ₹12,000 | ₹27,137 | ₹3,58,079 |
| 16 | — | ₹29,362 | ₹3,87,442 |
| 17 | — | ₹31,770 | ₹4,19,212 |
| 18 | — | ₹34,375 | ₹4,53,587 |
| 19 | — | ₹37,194 | ₹4,90,781 |
| 20 | — | ₹40,244 | ₹5,31,025 |
| 21 | — | ₹43,544 | ₹5,74,570 |
At 8.2%, depositing ₹1,000 a month for 15 years gives about ₹5,74,570 at maturity after 21 years, on total deposits of ₹1,80,000.
No. SSY has EEE status: deposits qualify for 80C (old regime), and both the interest and the maturity amount are tax-free.