SSY Maturity Planner
Plan Sukanya Samriddhi maturity after education withdrawals. Add an existing balance or start from zero, project future deposits, test up to five withdrawal instalments and measure the final goal gap.
Last Updated: July 22, 2026Plan SSY Maturity and Education Withdrawal
The default uses the 8.2% rate applicable for July–September 2026. Deposits run for 15 years. The account normally matures 21 years after opening.
Enter valid figures and select Plan SSY Maturity.
| Account year | Opening balance | Future deposit | Education withdrawal | Interest credited | Closing balance |
|---|
The planner uses one rate for the remaining term. Actual SSY rates change through quarterly government notifications. Official account records, transaction dates, fee proof and the account office determine the permitted withdrawal and final amount.
What Is an SSY Maturity Planner?
An SSY maturity planner estimates what may remain in a Sukanya Samriddhi Account after future deposits, tax-free interest and a planned higher-education withdrawal. It answers a more practical question than a basic maturity calculator: how much money may be available for college, and how much may still remain when the account completes 21 years?
You may use the tool for a new account or an existing account. Enter zero as the current balance and zero completed years for a new plan. For an active account, enter the balance shown in the latest statement and the number of full account years already completed. The projection starts from that point without trying to reconstruct old deposits.
The planner compares the final balance with your maturity goal. It separates the allowed education-withdrawal estimate from the requested fee amount, shows the education gap, and displays the final balance in today's purchasing power.
How to Use the SSY Maturity Planner
- Enter the current SSY balance. Use zero if the account has not started.
- Enter completed account years and the girl's age when the account opened.
- Select annual or monthly future deposits. Enter the contribution and any annual increase.
- Keep 8.2% for the July–September 2026 rate, or use another planning assumption.
- Select whether deposits reach the account on or before the fifth day.
- Enter the girl's age for the first education withdrawal and confirm the eligibility basis.
- Add the total eligible education amount and select one to five annual instalments.
- Enter the balance you want left at maturity and your inflation assumption.
- Select Plan SSY Maturity. Review the result cards and annual schedule.
If the first withdrawal age is below 18, select the Class 10 option only when the account holder has passed Class 10. An estimate does not replace the admission offer, fee slip or account-office approval needed for an actual withdrawal.
How SSY Maturity Is Calculated
SSY interest for each calendar month is calculated on the lowest account balance between the close of the fifth day and the end of that month. Interest is credited at the end of the financial year. A deposit credited by the fifth normally earns interest for that month. A later deposit normally starts earning from the following month.
Monthly interest = eligible monthly balance × annual rate ÷ 12
Closing balance = opening balance + deposits − education withdrawal + annual interest
Maturity gap = target maturity balance − projected final balance
For annual mode, the tool places the year's contribution in the first month. For monthly mode, it adds an equal deposit each month. A selected contribution increase applies only to future years and stops at the ₹1.5 lakh annual ceiling. Deposits stop after account year 15, while the remaining balance continues earning interest through account year 21.
The existing balance already contains earlier deposits and credited interest. The planner labels new money as future contributions and calculates projected interest only from the current planning point. It does not claim to separate the historical balance into principal and interest.
Worked Education-Withdrawal Example
Consider a new account opened when the girl is age 2. The guardian deposits ₹1,50,000 at the start of each of the first 15 account years. The planning rate stays at 8.2%. The family expects ₹20 lakh of eligible higher-education costs from age 18 and chooses four annual instalments. The desired balance at maturity is ₹50 lakh.
The preceding balance reaches about ₹48,43,026, so the full ₹20 lakh request fits the 50% ceiling. Four withdrawals leave an estimated ₹45,36,615 at maturity. Without withdrawal, the same assumptions produce about ₹71,82,127.
Change the education amount to zero to view the same plan without withdrawal. The difference between the two maturity values includes the withdrawn amount and the future interest no longer earned on it. This comparison helps decide how much college cost should come from SSY and how much should come from separate savings.
Current SSY Rate and Official Rules
The Sukanya Samriddhi Account rate is 8.2% per year for July 1 to September 30, 2026. The Ministry of Finance kept small-savings rates unchanged from the preceding quarter. Interest is compounded annually, but the government reviews the applicable rate each quarter.
Check the current India Post savings-schemes page for the rate. Read the official Sukanya Samriddhi Account Scheme, 2019 for the controlling rules. Do not treat 8.2% as guaranteed for the remaining term.
SSY Rules Used by This Planner
A guardian may open one account in the name of a girl who has not attained age 10. One girl may have only one SSY account. A family normally has a maximum of two accounts, one for each eligible girl. The scheme provides exceptions for qualifying multiple births, supported by the prescribed documents.
The minimum deposit is ₹250 in a financial year and the maximum is ₹1,50,000. Deposits may continue until 15 years from opening. If the minimum is missed, the account becomes in default. It may be regularised before the end of the deposit period by paying the ₹50 penalty for each default year plus the missed minimum deposit, subject to current procedure.
The account normally matures 21 years from its opening date. This calculator models 15 deposit years followed by six no-deposit years. For education, it applies the 50% planning ceiling to the balance before the first withdrawal and limits the result to the education amount entered.
| Rule | Planner treatment |
|---|---|
| Opening eligibility | Girl must be below age 10 |
| Annual deposit | ₹250 minimum and ₹1,50,000 maximum |
| Deposit window | Future deposits stop after account year 15 |
| Normal maturity | End of account year 21 |
| Education eligibility | Age 18 or passing Class 10, whichever occurs earlier |
| Withdrawal limit | Up to 50% of preceding balance and actual eligible fees |
| Payment pattern | One lump sum or one annual instalment for up to five years |
Planning an Existing SSY Account
Use the latest closing balance from the passbook or authorised bank statement. Enter only full account years already completed. If eight full years have passed, enter 8. The tool projects years 9 through 21 and allows new deposits only through year 15.
Check that the girl's implied current age makes sense. Her approximate current age equals her age when the account opened plus completed account years. The planner rejects a first withdrawal that falls before the current planning point or after maturity.
If the account completed 15 years, no new deposit is added. Later years show growth and any education withdrawal.
SSY Tax Treatment
Eligible SSY deposits may qualify within the combined ₹1.5 lakh Section 80C limit under the old tax regime. Eligible interest, withdrawals and maturity payments are generally exempt. The planner omits contribution tax savings because the result depends on your regime, unused limit and taxable income.
Annual Deposit Versus Monthly SSY Deposits
| Factor | Annual lump sum | Monthly instalments |
|---|---|---|
| Cash-flow need | Full amount available early | Spread across the year |
| Interest opportunity | Highest when deposited by April 5 | Later payments earn for fewer months |
| Payment discipline | One planned transaction | Regular standing instruction |
| Annual range | ₹250 to ₹1.5 lakh | Combined yearly total must stay within the range |
| Best fit | Bonus or ready lump sum | Monthly salary-based saving |
Depositing earlier improves the estimate. Keep the contribution sustainable and protect emergency savings.
Maturity Goal, Shortfall and Inflation
The maturity-goal card shows whether the projected post-withdrawal balance reaches your target. A positive gap means a shortfall. A surplus means the estimate is above the goal. The target refers to money remaining at account maturity, not the combined education withdrawal and maturity proceeds.
Inflation gives a second view. The planner discounts the maturity balance over the remaining account years. At 6% inflation, ₹50 lakh received many years later buys less than ₹50 lakh today. The real-value result is not an account charge. It helps compare a future nominal balance with present education and family costs.
How Education Withdrawal Is Estimated
For the account holder's education, up to 50% of the balance at the end of the preceding financial year may be withdrawn after she turns 18 or passes Class 10, whichever occurs earlier. Documentary proof of admission or fees is required. Withdrawal may be a lump sum or one instalment per year for up to five years, limited to the actual education requirement.
The planner takes 50% of the balance immediately before the first planned withdrawal year. It compares this ceiling with the total education amount entered. The lower value becomes the planned allowed amount. If you select more than one instalment, the tool spreads this amount over the selected number of annual withdrawals, subject to the available balance.
Planning ceiling = 50% × balance before first withdrawal
Allowed amount = lower of eligible fees or planning ceiling
Education gap = requested amount − allowed amount
Actual approval may differ. The account office checks the preceding financial-year balance, application date, fee proof and scheme conditions. Use the planner for scenarios, then request an official withdrawal calculation.
Marriage and Other Premature Closure
The account may close for the account holder's marriage after age 18, subject to the scheme's timing and document rules. Death and compassionate-ground closures follow separate conditions. This planner models education withdrawals and normal maturity only.
Limits of This SSY Planner
The tool assumes one interest rate for the full projection. Actual rates change through government notifications. It simplifies the opening year, uses equal monthly instalments in monthly mode and does not model processing delays, quarterly rate changes, exact official rounding or irregular deposits.
The withdrawal module uses a fixed total planning ceiling based on the balance before the first withdrawal. Actual instalment approval depends on the application, preceding financial-year balance and education proof. The tool does not model default regularisation, excess deposits, multiple-birth exceptions, residency changes, processing delays or past withdrawals.
Related SSY and Savings Calculators
Use the dedicated SSY calculator for a no-withdrawal plan, then compare the result with other long-term savings tools.
Frequently Asked Questions
What is the SSY interest rate in July 2026?
The SSY rate is 8.2% per year for July 1 to September 30, 2026. The rate is reviewed quarterly, so future rates may differ.
How much can be withdrawn from SSY for education?
Up to 50% of the balance at the end of the financial year preceding the application may be withdrawn, subject to the actual eligible education requirement and supporting documents.
When is an SSY education withdrawal allowed?
It is allowed after the account holder reaches age 18 or passes Class 10, whichever occurs earlier, subject to the scheme conditions and education proof.
Can the education withdrawal be taken in instalments?
Yes. It may be taken as one lump sum or in instalments, with no more than one instalment per year for a maximum of five years.
Does an education withdrawal reduce SSY maturity?
Yes. It reduces the account balance and future interest earned on the withdrawn amount. The planner shows both the withdrawal and the balance remaining at maturity.
How do I plan an existing SSY account?
Enter the latest account balance, completed account years, opening age and planned future deposits. The tool projects only the remaining years through maturity.
For how many years are SSY deposits allowed?
Deposits are allowed for 15 years from account opening. The balance normally continues earning interest until maturity after 21 years.
What is the annual SSY deposit limit?
The annual minimum is ₹250 and the maximum is ₹1,50,000. Deposits after account opening must be in multiples of ₹50.
Is the SSY education withdrawal taxable?
Eligible withdrawals and maturity proceeds are generally exempt under the applicable SSY tax treatment. Verify current tax rules for your situation.