Sukanya Samriddhi Yojana (SSY), a PAN India savings scheme launched in 2015 as part of the Government initiative Beti Bachao, Beti Padhao campaign. Under this scheme any parent or legal guardian of a girl child (up to age of 10 years) can open a savi Read more 
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| Years | Opening Balance | Annual Deposit | Interest Earned | Closing Balance |
|---|---|---|---|---|
| 1 | ₹0 | ₹12,000 | ₹984 | ₹12,984 |
| 2 | ₹12,984 | ₹12,000 | ₹2,049 | ₹27,033 |
| 3 | ₹27,033 | ₹12,000 | ₹3,201 | ₹42,233 |
| 4 | ₹42,233 | ₹12,000 | ₹4,447 | ₹58,681 |
| 5 | ₹58,681 | ₹12,000 | ₹5,796 | ₹76,476 |
| 6 | ₹76,476 | ₹12,000 | ₹7,255 | ₹95,731 |
This Sukanya Samriddhi Yojana calculator can help you estimate the returns you may receive as per the invested amount and tenure and can plan the financial security of the child.
Sukanya Samriddhi Yojana is a long-term investment plan that can give good returns. You need to invest at least a minimum amount every year to keep the account active.
One should have clear understanding of the number of years & and amounts that would be deposited in the SSY account. The SSY calculator uses this information, applies the current rate of interest and provides the maturity or final amount. Based on this, you can decide how much money to invest every year to reach your goal. The calculator is free to use and gives accurate results, even if you try different amounts.
Main logic behind the SSY calculator is to estimate the future amount for the girl child’s welfare.
So, using an online SSY calculator is very helpful to understand your investment clearly and to know how much return you can expect in the future.
Many parents or guardians want to save money in the name of their girl child. This money can be useful later for her education and/or marriage.
There are many ways to invest money, but Sukanya Samriddhi Yojana (SSY) is one of the recent and currently one of the most popular options. This is because it gives good interest (currently 8.2% annually) and also tax benefits.
Under Section 80C of Income Tax Act, parents can get tax rebate up to ₹1.5 lakh on the money they put in the SSY account. Not only this, the interest earned is also tax-free, and even the final maturity amount is also tax-free.
Parents who decide to invest in Sukanya Samriddhi now want to know how much money they will get at maturity. Doing this calculation is difficult and confusing, and mistakes can happen.
This is where the Sukanya Samriddhi Calculator is useful.
The total time for Sukanya Samriddhi account is 21 years. To keep the account active, you must put at least some money once every year for the first 14 years.
After 14 years, you can stop putting money if you want. Even if you don’t add money after that, the amount already invested will keep earning interest as per the current rate.
The final amount you get at maturity is calculated based on:
Total money you invested
Interest earned on that money over the years
A = P × (1 + r/n)nt
Where:
Just enter:
After you enter these details, the calculator will automatically show:
Sukanya Samriddhi Yojana is a government-backed savings scheme designed specifically for girl children, offering high returns with complete tax benefits. SSY is part of the "Beti Bachao, Beti Padhao" initiative aimed at securing the financial future of daughters in India.
Parents or legal guardians can open an SSY account for a girl child who is below 10 years of age and is an Indian resident. The Sukanya Samriddhi Yojana account can be opened at designated banks or post offices across India.
Under the Sukanya Samriddhi Yojana, maximum 2 SSY accounts can be opened - one per girl child. However, exceptions are made for twins or triplets born after the first child.
For SSY accounts, the minimum deposit is ₹250 per year, and the maximum deposit is ₹1.5 lakh per financial year.
The SSY interest rate is 8.2% per annum (compounded annually), which is reviewed quarterly by the government. This makes Sukanya Samriddhi Yojana one of the highest-yielding government-backed savings schemes.
The SSY account has a maturity period of 21 years from the date of account opening.
SSY offers triple tax exemption (EEE status): 1. Sukanya Samriddhi Yojana deposits up to ₹1.5 lakh qualify for Section 80C deduction 2. Interest earned on SSY is tax-free 3. Maturity amount from Sukanya Samriddhi Yojana is completely tax-exempt
1. Partial withdrawal from SSY (up to 50%) is allowed after the girl turns 18 years. 2. Full withdrawal from Sukanya Samriddhi Yojana at maturity (21 years) or when the girl gets married after turning 18
Premature closure of an SSY account is allowed in exceptional cases like medical emergencies or death of the account holder.
To open an SSY account, you need: 1. Birth certificate of the girl child (mandatory) 2. Identity proof of parent/guardian (Aadhaar, PAN, Passport, Voter ID) 3. Address proof of parent/guardian Recent photographs 4. Sukanya Samriddhi Yojana account opening form (available at banks/post offices)
