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Sukanya Samriddhi vs FD — a guaranteed scheme for your daughter, or flexible savings?

Sukanya Samriddhi is a higher-yielding, tax-free, government scheme specifically for a girl child, with a long lock-in. FD is flexible but lower-yielding and taxable. Compare both on the same contribution.

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Sukanya Samriddhi vs FD Calculator15-year comparison

Opens Compare Lab pre-loaded with both, in your own currency — adjust any input and the chart updates instantly.

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How each one actually works
Sukanya Samriddhi Yojana

A government scheme specifically for a girl child, with a higher interest rate than PPF, contributions required for 15 years, and maturity at 21 years from account opening.

PROS
Typically the highest rate among government-backed schemes
Fully tax-free, same EEE status as PPF
Specifically designed for education/marriage goals for a daughter
CONS
Only available for a girl child, with an account-opening age limit
Longer effective horizon than PPF (matures at 21 years)
Contribution required for the first 15 years to keep the account active

Best for: A guaranteed, tax-free fund built specifically for a daughter's education or marriage goal.

Fixed Deposit (FD)

A lump sum deposited with a bank for a fixed tenure at a fixed, guaranteed interest rate.

PROS
Fully guaranteed return — no market risk
Predictable maturity value known upfront
Widely available and simple to open
CONS
Interest is fully taxable at your slab rate every year it accrues
Return is capped — no upside beyond the fixed rate
Early withdrawal usually triggers a penalty

Best for: Capital you can't afford to risk — an emergency fund, or a short-term goal within a couple of years.

Questions
Is Sukanya Samriddhi's rate really higher than FD?

It has historically been set higher than most bank FD rates as a policy incentive, but the rate is reviewed quarterly by the government and can change — check the current rate before assuming the gap holds.

Where do these numbers actually come from?

The same calculation engine that powers our standalone calculators and Compare Lab — nothing here is a separate or simplified estimate. Every assumption (rate, tenure, tax) is visible and adjustable once you open the comparison with your own numbers.

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All figures are illustrative projections based on the assumptions you select, not guaranteed returns. Validate tax and scheme rules before making financial decisions.