Sukanya Samriddhi Yojana & NSC Calculator
Project the maturity value of a small savings scheme, using current government rates.
Deposited each year for 15 years; account matures 21 years after opening.
What Is the Sukanya Samriddhi Yojana & NSC Calculator?
Sukanya Samriddhi Yojana & NSC Calculator Formula
SSY: Balance compounds annually at 8.2%, with deposits added for 15 years and growth continuing to year 21
NSC: Maturity = Principal × (1 + 7.7%)^5
How Is the Sukanya Samriddhi Yojana & NSC Calculator Calculated?
SSY deposits are made for up to 15 years from account opening, but the account doesn't mature until 21 years from opening — so after year 15, no more deposits are made but the accumulated balance keeps earning interest for the remaining 6 years. NSC is simpler: a single lump-sum deposit compounds annually for a fixed 5-year term, with the full maturity value paid out at the end.
Sukanya Samriddhi Yojana & NSC Calculator Example
Depositing ₹1,00,000 every year into an SSY account for 15 years (₹15,00,000 total deposited) grows to roughly ₹47.9 lakh by maturity at year 21, thanks to 6 additional years of compounding after deposits stop.
How to Use the Sukanya Samriddhi Yojana & NSC Calculator
Step 1
Choose Sukanya Samriddhi Yojana or NSC.
Step 2
Enter your annual deposit (SSY) or one-time deposit (NSC).
Step 3
Review your total deposited amount, interest earned, and maturity value.
Benefits
- Uses current, verified government interest rates for both schemes.
- Correctly models SSY's 15-year deposit period followed by 6 more years of compounding until maturity.
- Compares two different government-backed savings options in one tool.
Common Sukanya Samriddhi Yojana & NSC Calculator Scenarios
Scenario 1
Planning how much to deposit annually into an SSY account for a daughter's future education or wedding.
Scenario 2
Comparing NSC's fixed 5-year return against other short-term, low-risk savings options.
Scenario 3
Estimating the tax-saving deposit needed to reach a specific maturity goal.
Understanding Your Result
The maturity value is the total amount payable at the end of the scheme's term — for SSY, when the account matures 21 years after opening; for NSC, at the end of its fixed 5-year term. Interest earned is money grown purely from compounding, on top of what you actually deposited.
Tips
- SSY currently allows a maximum annual deposit of ₹1,50,000 — check the current government-specified limit before planning your deposits.
- SSY and NSC interest rates are reviewed and can change quarterly (SSY) or periodically (NSC) — recheck the current rate before making a real deposit decision.
- Both schemes qualify for tax deduction under Section 80C in India, subject to current limits — verify current tax rules for your situation.
Common Mistakes
- Assuming SSY matures after 15 years — it actually matures 21 years from account opening, with deposits stopping at year 15 but growth continuing.
- Using an outdated interest rate — both SSY and NSC rates are revised periodically by the government and aren't fixed forever.
- Forgetting the ₹1,50,000 annual deposit limit for SSY when planning contributions.
Frequently Asked Questions
Who is eligible to open a Sukanya Samriddhi Yojana account?
SSY accounts can be opened by a parent or legal guardian for a girl child, generally before she turns 10 years old, with a maximum of two accounts per family (with some exceptions for twins/triplets).
Can I withdraw from SSY before maturity?
Partial withdrawal is allowed for higher education once the girl turns 18 or completes 10th grade, and premature closure is allowed under specific circumstances like marriage after age 18 — full details are set by current SSY rules.
Is NSC interest paid out annually or at maturity?
NSC interest is compounded annually but paid out only at maturity along with the principal — the interest is deemed reinvested each year for tax purposes, even though you don't receive it until the end.
Are SSY and NSC returns guaranteed?
Yes — both are government-backed schemes with a fixed, government-announced interest rate, unlike market-linked investments such as mutual funds.
How often does the SSY interest rate change?
The government reviews small savings scheme rates, including SSY, quarterly — the rate used here (8.2%) reflects the most recently confirmed rate and may change in future quarters.
Can I open an NSC account for a fixed goal like SSY?
NSC is a fixed 5-year, single-deposit instrument, not a long-term recurring account like SSY — it suits shorter, fixed-horizon savings goals rather than a child's long-term education fund.
Is the maturity amount from these schemes taxable?
SSY maturity proceeds are currently tax-exempt under the 'EEE' (Exempt-Exempt-Exempt) status; NSC interest is taxable annually as it accrues, though it also qualifies for a fresh 80C deduction each year (except the final year) — verify current tax rules for specifics.
What happens to my SSY account after 21 years if I don't withdraw?
Typically the account stops earning further interest once matured and not withdrawn, though specific post-maturity handling can vary — check current SSY rules or with your bank/post office.
Can I make partial deposits instead of a lump sum for SSY?
Yes — SSY deposits can be made in installments throughout the year rather than one annual lump sum, as long as the total for the year doesn't exceed the maximum limit; this calculator projects based on a total annual deposit figure regardless of how it's split.
Important Information
Rates verified as of August 2026: SSY 8.2% (Q1 FY2026-27), NSC 7.7% (last confirmed rate). Both are reviewed periodically by the government and can change — verify the current rate before making a real deposit. This is not financial advice.
Last updated: August 9, 2026