The answer
₹1,50,000 every year for 15 years is ₹22,50,000 in total. At 8.2% a year, compounded yearly, the account is worth about ₹71,82,119 when it matures 21 years after opening — around ₹49,32,119 of tax-free interest.
Milestones
| Year | Financial year | Balance at year end |
|---|---|---|
| 5 | 2030-31 | ₹9,55,954 |
| 10 | 2035-36 | ₹23,73,618 |
| 15 | 2040-41 | ₹44,75,989 |
| 18 | 2043-44 | ₹56,69,840 |
| 21 | 2046-47 | ₹71,82,119 |
Notice how the balance keeps growing fast between year 15 and 21 even with no new deposits: that is interest earning interest, tax-free.
Making the most of it
- Deposit early in the year, before 5 April. A deposit made on 6 April misses that month’s interest.
- Monthly is fine too: ₹12,500 a month adds up to ₹1.5 lakh, but each instalment earns slightly less in the first year; the yearly lump sum on 1–4 April gives the highest value.
- Don’t miss a year: if you deposit less than ₹250 in a year the account becomes “in default” and needs a ₹50 penalty per year to revive.
Tax
In the old regime the ₹1.5 lakh qualifies for 80C — which is the whole 80C limit, so it competes with PPF, EPF and ELSS. In the new regime there is no deduction, but the interest and the maturity amount are still completely tax-free, which is rare at 8.2%.
Planning around the withdrawal at 18
Many families use the 50% partial withdrawal when their daughter starts college. If your daughter is 2 when you open the account, she turns 18 in year 16 — just after deposits stop — when the balance in this example is already about ₹48 lakh, so up to about half of the previous year’s balance can be taken for fees. Anything you leave keeps earning the scheme rate until maturity.
Remember that interest rates are reset every quarter. If the rate falls to, say, 7.6% for long periods, the final amount will be lower; type 7.6 into the calculator to see the effect. Even then, SSY stays one of the highest-paying government-backed, tax-free options available.
If you can’t manage the full ₹1.5 lakh every year, don’t worry: any amount from ₹250 keeps the account active, and you can deposit more in good years. The calculator lets you try a smaller yearly figure to see the difference.
Key Sukanya Samriddhi figures (checked 5 November 2026)
| Item | Figure |
|---|---|
| Interest rate (Oct–Dec 2026) | 8.2%, compounded yearly |
| Deposit limits | ₹250 – ₹1,50,000 per financial year |
| Deposit period | 15 years from opening |
| Maturity | 21 years from opening |
| Tax | EEE — interest and maturity tax-free |
FAQ
How much will I get if I deposit ₹1.5 lakh a year in SSY?
About ₹71,82,119 after 21 years at 8.2%.
How much do I deposit in total?
₹22,50,000 — ₹1,50,000 a year for 15 years.
What is the SSY balance after 15 years?
About ₹44,75,989 at the end of year 15, before the final 6 years of interest.
Sources (checked 5 November 2026): Ministry of Finance small savings rates for October–December 2026, announced 30 September 2026 (SSY 8.2%; reported by Studycafe, Zee News and Free Press Journal); Sukanya Samriddhi Account Scheme, 2019 (G.S.R. 914(E)) and India Post SSA rules; Income-tax Act provisions for 80C and tax-free SSA interest.