Sukanya Samriddhi Yojana (SSY) Calculator
| Start Date | |
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| Deposit-End Date | |
| Maturity Date | |
| Interest Rate | |
| Total Deposit | ₹ |
| Interest Earned | ₹ |
| Maturity Amount | ₹ |
Yearly Breakdown
| Year | Deposit (₹) | Interest (₹) | Balance (₹) |
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Sukanya Samriddhi Yojana Calculator: Secure Your Daughter’s Future
Estimate maturity amount, interest earned and plan smartly with the SSY calculator. Government-backed, tax-efficient long-term savings for girl children.
What is Sukanya Samriddhi Yojana (SSY)?
The Sukanya Samriddhi Yojana (SSY) is a government-backed small savings scheme launched to promote the financial security of a girl child. Introduced under the Beti Bachao Beti Padhao initiative, SSY offers attractive interest rates, tax benefits and long-term returns. Accounts can be opened at Post Offices and authorized banks across India.
- Eligible Beneficiary: Girl child below 10 years
- Minimum deposit: ₹250/year
- Maximum deposit: ₹1.5 lakh/year
- Tenure: 21 years from account opening
- Tax benefit: Exempt under Section 80C (EEE status)
What is the Sukanya Samriddhi Yojana Calculator?
A SSY calculator is an online tool that estimates the maturity amount by applying compound interest on your annual contributions. It helps you plan how much to invest each year to reach your child’s future education or marriage goals.
Inputs typically required: annual contribution, current interest rate, age of the child / years of deposit.
How the Calculator Works (Compound Interest)
The calculator uses the compound interest formula. For yearly deposits, the simplified annual compounding formula for each yearly instalment is applied and summed to compute maturity.
Common formula notation: A = P × (1 + r/n)^(n×t) — where A is amount, P is principal, r is rate (decimal), n compounding frequency (1 for yearly), and t years.
Example Results (Approximate)
| Annual Deposit | Investment Period | Total Invested (₹) | Interest Rate | Maturity Amount (Approx) |
|---|---|---|---|---|
| ₹12,000 (₹1,000/month) | 15 years | ₹1,80,000 | 8.2% | ₹4,29,000 |
| ₹50,000 | 15 years | ₹7,50,000 | 8.2% | ₹13,98,000 |
| ₹1,00,000 | 15 years | ₹15,00,000 | 8.2% | ₹27,97,000 |
Note: Figures are illustrative. Actual maturity will vary with the notified interest rate and exact deposit schedule.
Benefits of Using an SSY Calculator
- Accurate estimation: Know expected maturity and interest earned.
- Quick & easy: No manual compound interest calculations.
- Goal planning: Try different deposit amounts to reach targets.
- Tax planning: Optimize your Section 80C benefits.
How to Use the Sukanya Samriddhi Yojana Calculator
- Enter the annual amount you plan to deposit.
- Enter your daughter’s current age (or years of deposit remaining).
- Enter the current SSY interest rate (check recent govt updates).
- Click Calculate — you’ll get total invested, interest earned and the maturity amount.
Important Rules & Flexibility
- Account can be opened for a girl child below 10 years.
- Maximum two accounts per family (for two daughters).
- Deposits required for at least 15 years. Account matures after 21 years.
- Partial withdrawal (up to 50%) allowed after the girl turns 18 for education.
How to Open an SSY Account
Open the account at your nearest Post Office or an authorized bank branch (SBI, PNB, HDFC, ICICI, etc.). Required documents: Birth certificate of the girl, parent/guardian ID and address proof, passport photos and the initial deposit (min ₹250).
Conclusion
SSY combined with a reliable Sukanya Samriddhi Yojana Calculator is a simple and powerful way to secure your daughter’s financial future. Start early, use the calculator to set realistic goals, and benefit from government-backed returns and tax exemptions.