Maturity value, interest and year-by-year growth.
Depositing ₹500 a month (₹6,000 a year) in Sukanya Samriddhi Yojana for 15 years at 8.2% gives a maturity amount of about ₹2,87,285 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% | ₹2,63,723 |
| 8% | ₹2,79,204 |
| 8.2% | ₹2,87,285 |
| 8.5% | ₹2,99,851 |
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹6,000 | ₹492 | ₹6,492 |
| 2 | ₹6,000 | ₹1,024 | ₹13,516 |
| 3 | ₹6,000 | ₹1,600 | ₹21,117 |
| 4 | ₹6,000 | ₹2,224 | ₹29,340 |
| 5 | ₹6,000 | ₹2,898 | ₹38,238 |
| 6 | ₹6,000 | ₹3,628 | ₹47,866 |
| 7 | ₹6,000 | ₹4,417 | ₹58,283 |
| 8 | ₹6,000 | ₹5,271 | ₹69,554 |
| 9 | ₹6,000 | ₹6,195 | ₹81,749 |
| 10 | ₹6,000 | ₹7,195 | ₹94,945 |
| 11 | ₹6,000 | ₹8,277 | ₹1,09,222 |
| 12 | ₹6,000 | ₹9,448 | ₹1,24,670 |
| 13 | ₹6,000 | ₹10,715 | ₹1,41,385 |
| 14 | ₹6,000 | ₹12,086 | ₹1,59,471 |
| 15 | ₹6,000 | ₹13,569 | ₹1,79,040 |
| 16 | — | ₹14,681 | ₹1,93,721 |
| 17 | — | ₹15,885 | ₹2,09,606 |
| 18 | — | ₹17,188 | ₹2,26,794 |
| 19 | — | ₹18,597 | ₹2,45,391 |
| 20 | — | ₹20,122 | ₹2,65,513 |
| 21 | — | ₹21,772 | ₹2,87,285 |
At 8.2%, depositing ₹500 a month for 15 years gives about ₹2,87,285 at maturity after 21 years, on total deposits of ₹90,000.
No. SSY has EEE status: deposits qualify for 80C (old regime), and both the interest and the maturity amount are tax-free.