Sukanya Samriddhi Yojana Calculator
Calculate Sukanya Samriddhi Yojana (SSY) maturity amount, total investment, interest earned, and future corpus for your girl child using the latest SSY interest rates.
Use our free online sukanya samriddhi yojana calculator to get accurate results instantly. The calculator is designed to be fast, easy to use, mobile-friendly, and suitable for everyday calculations.
Sukanya Samriddhi Calculator
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How the Sukanya Samriddhi Yojana Calculator Works
Follow these simple steps to get accurate results instantly.
Enter Child Age
Provide the current age of the girl child.
Enter Annual Investment
Enter the amount you plan to invest every year.
Enter Interest Rate
Use the current SSY interest rate or customize it.
View Maturity Value
Get total investment, interest earned, and maturity corpus.
Sukanya Samriddhi Yojana Formula
Maturity Amount = Annual Deposits + Compounded Interest Earned
Sukanya Samriddhi Yojana earns interest through annual compounding. Deposits can be made for up to 15 years, while the account matures after 21 years from the date of opening.
Example Calculation
Input: Annual Investment: ₹1,50,000, Interest Rate: 8.2%, Investment Period: 15 Years
Output: The maturity amount will include total deposits and compounded interest accumulated until maturity.
Common Uses
- • Girl child education planning
- • Marriage planning
- • Long-term savings
- • Tax-saving investment
- • Government-backed savings
- • Financial planning for parents
Frequently Asked Questions
Find answers to common questions about this calculator.
What Is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao initiative. It is designed to help parents build a financial corpus for their daughter’s future education and marriage expenses.
Key Features of SSY
| Feature | Details |
|---|---|
| Eligibility | Girl Child Below 10 Years |
| Maximum Investment | ₹1.5 Lakh Per Year |
| Deposit Period | 15 Years |
| Maturity Period | 21 Years |
| Risk Level | Government Backed |
Benefits of Sukanya Samriddhi Yojana
- Government-backed security.
- Competitive interest rates.
- Long-term wealth creation for a girl child.
- Tax benefits under Section 80C.
- Encourages disciplined savings.
How SSY Maturity Is Calculated
The maturity amount depends on annual deposits, the applicable interest rate, and the duration of the investment. Interest is compounded annually, helping the investment grow significantly over the long term.
SSY vs PPF
| Feature | SSY | PPF |
|---|---|---|
| Eligibility | Girl Child Only | All Individuals |
| Maximum Deposit | ₹1.5 Lakh | ₹1.5 Lakh |
| Maturity | 21 Years | 15 Years |
| Purpose | Girl Child Savings | General Savings |
Eligibility Criteria
- The girl child must be below 10 years of age.
- Only one account per girl child is allowed.
- A maximum of two accounts can generally be opened per family.
Tax Benefits Under Section 80C
Contributions made to Sukanya Samriddhi Yojana qualify for deductions under Section 80C. Interest earned and maturity proceeds are also eligible for tax benefits as per prevailing regulations.
Withdrawal Rules
- Partial withdrawals may be allowed for higher education.
- Premature closure is permitted only under specific circumstances.
- Full maturity benefits are available after the completion of the scheme period.
Why Use an SSY Calculator?
An SSY Calculator helps estimate future corpus value, total deposits, and interest earnings. It simplifies financial planning and helps parents understand how regular investments can support long-term goals for their daughter.
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